33.7658996582031 -118.173934936523

25 Falcon Avenue Long Beach, CA 90802

RE/MAX Premier Realty
RE/MAX Premier Realty
(949) 451-1200
5299 Alton Pkwy Irvine CA 92604
no name available RE/MAX Premier Realty
233377750 33.7658996582031 -118.173934936523 124 /listing/233377750-150158207/25-falcon-avenue-long-beach-ca-90802 False 0 1699000.0000 105 PW19053374 False
  • $1,699,000
  • 25 Falcon Avenue Long Beach, CA 90802
  • 5,005 lot
  • Est payment $9120.6/mo

Property & Neighborhood Info

Courtesy Of George Bustamante, Coldwell Banker Commercial

Multi-Family in Long Beach

Prime Alamitos Beach location – Walk to the beach and downtown! This classic Spanish style property offers an investor the opportunity to acquire a true value-added investment with a huge upside in the rent in a location that is one of the best rental areas in Long Beach. The property features 4 very large 2 bedroom 1 bath units. The property was originally constructed in 1923 and is 4,976 square feet of building with 3 garages and one open parking space. The property in its original condition with unit amenities that include hardwood floors, ceramic tile, ceiling fans, gas range stoves, built-in cabinets, ceramic tile counter tops, service porches and some units have laundry hookups. The property includes a courtyard that can be used by all tenants, laundry room and two entry access for all units. This perfect owner/user investment is located in the heart of Alamitos Beach and within one block of the ocean. Walk to downtown, Pike area retail, restaurants, grocery store and East Village Arts District. At this new REDUCED price this is the Best priced per square foot property in this prime Long Beach location.

Courtesy Of George Bustamante, Coldwell Banker Commercial
  1. 5,005 Lot

Main Features

  • Listing Status: Off Market
  • Year Built: 1923
  • Garage: 3.0
  • County: Los Angeles
  • Units: 4
  • Zoning: LBR4R
  • Subdivision: Alamitos Beach (Ab)
  • MLS Number:PW19053374

Additional Features

  • Assessments:
    • Unknown
  • Common Walls:
    • 2+ common walls
  • Community Features:
    • Curbs
    • Gutters
    • Storm Drains
    • Street Lights
    • Urban
  • Land Size Source:
    • Assessor
  • Laundry:
    • Community
    • Inside
  • Lot Features:
    • Walkstreet
    • Yard
  • Pool Features:
    • None
  • Sewer:
    • Public Sewer
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • CDOM:
    • 373
  • Fuel Exp:
    • 0.00
  • Gross Income:
    • 122923.00
  • Insurance Expense:
    • 0.00
  • Lot Size Acres:
    • 0.1149
  • Lot Size Area:
    • 5005.0000
  • Lot Size Square Feet:
    • 5005.00
  • Net Operating Income:
    • 43023.00
  • Number of Buildings:
    • 2
  • Operating Expense:
    • 79900.00
  • Parking Spaces:
    • 3.00
  • Price Per SQFT:
    • 341.44
  • Tax ID:
    • 7265014032
  • Total Expenses:
    • 43023.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.