Movoto Real Estate
  • Other
  • Kitchen
  • Bath
  • Bedroom
  • Entry Way
  • Exterior

1136 E Alhambra Ct, Long Beach, CA 90813

  • $1,000,000

  • bed

  • bath

Multi-family for sale 22 days
Movoto is helping 68 homebuyers near you

About 1136 E Alhambra Ct

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 1,790 Sqft
Movoto estimate
Rental estimate
Property description
Excellent opportunity for owner-occupants eligible for up to $15,000 in grant funding! The asset features strong modern upgrades, with three of the four units having been fully renovated within the last five years. The freshly updated ground-floor unit will be delivered vacant at the close of escrow, allowing an incoming investor to immediately secure top-of-market rental rates or providing an ideal opportunity for an owner-occupant to move in on day one. For buyers looking to occupy the vacant unit, the property qualifies for low-down-payment financing programs requiring as little as 3.5% down, which can be paired with an available $15,000 first time buyer grant (buyer to verify eligibility) to significantly lower the initial capital requirement and optimize cash-on-cash returns. Drive-by only; please do not disturb the occupants. Interior inspection is contingent upon an accepted offer.
Listed by
Listing Agent - Tyson Storr
Listing Agent Contact: 4242122321
Listing Office - Buckingham Investments, Inc.
Source: CRMLS mls logo
MLS#IN26156931 • last updated 17 hours ago
Movoto checked CRMLS for data 10 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Quadruplex
Status Active
Lot Size (Acres) 0.0411
Lot Size (SqFt) 1790
Year Built 1923
Interior
Laundry Washer Hookup
Exterior
Building Area Square Feet, 2368
Parking Street
Lot Description Cul-De-Sac
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Urban
Subdivision Cambodia Town, Other (OTHR)
Directions PCH And Cherry
APN 7268017011
Multifamily Details
Expense: Trash 578
Operating Expense 28309
Cap Rate 5
Expense: Insurance 2894
Total Expenses 28309
Expense: Water/ Sewer 1491
Gross Income 80856
Gross Multiplier 12.3
Gross Scheduled Income 80856
Expense: Fuel 1064
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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90813
  • Central Long Beach
  • 1136 E Alhambra Ct

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