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826 Euclid Avenue Long Beach, CA 90804
$2,175,000

Property listed by Lyon Stahl Investment Real Estate, Inc., J.Woody Stahl. IDX Contact: 310-425-9838

Contact Us to Learn More

  • David Oronoz

    David Oronoz

    Principal | Multifamily Investments

    DRE# 01838862

  • Bobby Aschtiani

    Bobby Aschtiani

    Principal | Multifamily Investments

    DRE# 02048373

  • Chris Pettit

    Chris Pettit

    Founder

    DRE# 01983950

Property Description

826 Euclid Ave is a well-positioned 7-Unit building located on a quiet residential street in East Long Beach. Built in 1954, the 5,438 SF building sits on a 5,848 SF lot, and features (3) 2-bed/1-bath units, and (4) 1-bed/1-bath units. The property also includes (4) single car garages with (3) uncovered spaces and a shared laundry space. The property boasts a 3.37% Cap Rate with a 5.06 Market CAP, and is located near Jefferson Leadership Academy Middle School & Woodrow Wilson High School. Given the ideal location in a desirable city and consistent rental income this building provides, 826 Euclid is a great opportunity to own a quality asset for any Los Angeles CRE investor or owner-user.

Property Details & Features

Property Type

  • Residential Income

Year Built

  • 1954

House

  • Built in 1954
  • 5438 total building sqft
  • 2+ Common Walls

Community

  • Sidewalks

Expenses

  • Insurance Expense: $3,263
  • Maintenance Expense: $3,724
  • Operating Expense: $47,152
  • Other Expense: $5,600

Garage

  • 4 garage spaces

Income

  • Gross Income: 120416
  • Gross Scheduled Income: 124140
  • Net Operating Income: 73264

Laundry

  • Common Area

Listing

  • Listing ID: SB22172595
  • 3 days on market
  • Listed on 2022-08-06

Location

  • County: Los Angeles

Lot

  • 5848 sqft
  • 0.1343 acres
  • Area: 5848
  • 6-10 Units/Acre

Parking

  • 4 total parking spaces

Property

  • Single building
  • 7 units
  • Property attached

Sewer

  • Public Sewer

Taxes

  • New Taxes: $27,158

Utilities

  • 7 separate electric meters

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