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$4,375,000
109 Days Online

907 927 Grand Avenue
Long Beach, CA 90804

For Sale|Multi-Family|Pending
Subdivision:
Eastside (Es)
County:
Los Angeles
Listing Courtesy of Robert Stepp with Keller Williams - Santa Monica

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907 927 Grand Avenue907 927 Grand Avenue907 927 Grand Avenue907 927 Grand Avenue
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907-927 Grand Avenue is a 13-unit investment asset located in the popular Eastside Long Beach rental market. Situated on two parcels, the property is comprised of three separate structures featuring a favorable mix of seven 2BD / 1BA and six 1BD / 1BA units. The property has been extensively renovated. Unit interior renovations totaling over $340,000 include: New vinyl plank flooring & custom bathroom tile, Modern designer cabinets & countertops, New appliances, New energy-efficient LED lighting, New upgraded electrical sub-panels in-unit. POTENTIAL TO BUILD 2 ADUs. The property offers onsite laundry facilities and eight garages. Four of the garages are in a stand-alone structure and have the capacity to be converted to two ADUs of approximately 350 square feet each. The addition of these two ADUs has the potential to add $1,500 rental income per unit per month, for a total combined income of $36,000 annually. PRIME EASTSIDE LOCATION. Located in prime Eastside Long Beach, which has a Walk Score of 91, the property provides tenants with convenient, walkable access to all amenities for day-to-day living. The neighborhood is ranked as one of the best neighborhoods in Long Beach for young professionals by Niche.com. The median household income is $118,600 and 31% of residents are families with children. The seller's renovations and management provide a new buyer with a solid investment at 4.25% cap rate on actuals.

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Listing Snapshot
Price 
$4,375,000
Days Online 
109 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,810 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.28 Acres
Year Built 
1963
MLS Number 
PW21178294
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS
a month agoStatus changed to Pending
2 months agoPrice changed to $4,375,000
4 months agoListing first seen online
General Features
Parking 
Garage
Parking Spaces 
8
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.28
Water 
Public
Attached Garage 
No
Zoning 
LBR3S
Listing Conditions 
Standard
Interior Features
Laundry Features 
Outside
Fireplace 
No
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Exterior Features
Spa 
No
Pool Features 
None
Waterfront Property 
No
Lot 
Item1115 Units Acre
Community Features
Community Features 
Urban
MLS Area 
3 - Eastside, Circle Area


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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