$7,750,000
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0.39 Acres Lot
SOLD DATE : 07/19/2022
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22102844
Sold Date 07/19/22
HOA Y/N No
Year Built 1954
Lot Size 0.390 Acres
Property Description
The Twelfth Street Apartments are located in the City of Long Beach, a premier coastal downtown within Los Angeles County.
The subject property offers an attractive unit mix consisting of Studio's, standard 1B/1B and 2B/1B units, and large 1B/1B and 2B/1B units totaling
18,380 square feet. This 28-unit property is situated over two contiguous parcels totaling 17,008 square feet and is located within a dense urban
neighborhood known for its historic culture and accessibility to the heart of Downtown Long Beach.
This pride-of-ownership asset has been beautifully manicured and recently renovated to include new exterior paint, new garage doors, new windows,
upgraded courtyard, stucco, and front entry wood siding. Common area amenities include but are not limited to: secured and gated front/rear
entrances, courtyard with artificial turf, ambient lighting, planter beds, and outdoor furniture, two on-site laundry facilities, and four enclosed garages
and 9 open parking spaces.
Having been professionally managed and meticulously improved, this asset offers a buyer the opportunity to cash flow from day one while also providing continued growth and rental demand within the historic “Wilmore City” district. The Twelfth Street Apartments are well suited to
provide investors with strong returns and value appreciation over the long-term investment horizon.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LBPD29
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 13
Private Pool No
Building
Lot Description Landscaped, Near Public Transit
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7273003007
Energy Description 5565.5
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Jonathan Swire The Agency

johnherkenrath@epiquerealty.com
<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>







