Sold for $2,125,000

Listed by: Keller Williams - Santa Monica • Robert Stepp • Contact: 310-774-3740

Bought with: Keller Williams - Santa Monica

$2,125,000

420 Almond Ave, Long Beach, CA 90802

11beds

11baths

5,392sqft

Mixed Use

Built in 1972

-- sqft lot

$2,064,800 Zestimate^®

$394/sqft

$2,047 Estimated rent

Home value

$2,064,800

$1.88M - $2.29M

$2,047/mo

Zestimate^® history

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$2,047/mo

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$13,398/mo

Est. payment

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$13,398/mo

Est. payment

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What's special

420 Almond Avenue is a 9-unit apartment asset located in Long Beach, California. The property is offered at 11.90 GRM and 5.56% cap rate on current rents. The property is comprised of (7) 1BD / 1BA units and (2) 2BD / 2BA units. Six (6) garages offer the potential for ADU conversion. Eight of the nine units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers. The property is located withing walking distance to popular 4th Street/Retro Row shopping and dining amenities.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 11

Appliances

Laundry: Inside

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 5,392
Total interior livable area: 5,392 sqft

Property

Parking

Total spaces: 6
Parking features: Garage
Garage spaces: 6

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 6,772 Square Feet
Features: 6-10 Units/Acre

Details

Parcel number: 7266015022
Zoning: LBR3T
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Condition

New construction: No
Year built: 1972

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks
Subdivision: Alamitos Beach (Ab)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $394/sqft
Date on market: 1/9/2024
Cumulative days on market: 87 days
Listing terms: Cash,Cash to New Loan,1031 Exchange

Price history

Date	Event	Price
5/24/2024	Sold	$2,125,000$394/sqft
Source: CRMLS #PW23227566 Report a problem
10/19/2019	Listing removed	$1,995
Source: Zillow Rental Manager Report a problem
10/10/2019	Price change	$1,995-9.1%
Source: Zillow Rental Manager Report a problem
9/6/2019	Listed for rent	$2,195+15.8%
Source: Entourage Property Management Report a problem
6/16/2019	Listing removed	$1,895
Source: Entourage Property Management Report a problem
6/7/2019	Price change	$1,895-13.7%
Source: Entourage Property Management Report a problem
5/14/2019	Listed for rent	$2,195+37.6%
Source: Entourage Property Management Report a problem
2/10/2019	Listing removed	$1,595
Source: Entourage Property Management Report a problem
1/9/2019	Listed for rent	$1,595
Source: Entourage Property Management Report a problem