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208 Park Avenue 208 Park Ave

4 Unit Block of Flats £1,412,048 (£353,012/Unit) 3.51% Net Initial Yield Long Beach, CA 90803

Investment Highlights

  • Steps to Belmont Shore's 2nd Street
  • Two Vacant Units
  • Walking distance to the Beach

Executive Summary

Welcome to Belmont Shore living! This well maintained fourplex sits on a 2,954 SF lot. The property is comprised of (4) spacious one bedroom one bath units with an ideal floorplan and tons of storage. The exterior has recently been painted along with some interior upgrades. Downstairs you'll find bonus space for community storage or laundry. This property is steps from Belmont Shore's lively 2nd street, the park, and the beach. The location doesn't get much better than this. Whether you’re an investor looking to expand your portfolio or someone seeking a live-in investment opportunity, this fourplex in Belmont Shore represents a rare chance to own a piece of one of Southern California’s most desirable neighborhoods. These properties rarely change hands, act now!

Property Facts

Price £1,412,048
Price Per Unit £353,012
Sale Type Investment
Net Initial Yield 3.51%
Sale Conditions 1031 Exchange
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.07 AC
Building Size 3,046 SF
Average Occupancy 50%
Number of Floors 2
Year Built 1947

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 4 £1,587 -
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7249-034-006
Land Assessment
£55,044
Improvements Assessment
£47,018
Total Assessment
£102,061

zoning

Zoning Code LBR2S (Commercial)
LBR2S (Commercial)
  • Listing ID: 32927501

  • Date on Market: 22/08/2024

  • Last Updated:

  • Address: 208 Park Ave, Long Beach, CA 90803

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