A beautiful, large four-plex, at the Lakewood Village will be available for sale by trust soon. It is in a safe area close to the beach, close to nearby shops, close to the freeways, across from Heart well Park and near Long Beach City College. The apartments include a refrigerator, stove and detached garages. The total size of the all the apartment is 3,561 square feet and it has been built in the year 1946. The apartments have a beautiful landscape outside with hybrid Bermuda on the grass and a computerized sprinkler system. It is well designed and maintained inside and outside. The stucco of the entire foundation of garage and apartment building has been water proofed. All the work on the apartment building has been done with permits. There are two one bedroom apartments and two two-bedroom apartments that are on the property. There have been three owners that have lived at one of the apartments and there was no property management company taking care of the place, besides the owner. All the tenants on property have always been with A credit scores and the tenants are seasoned (long term tenancy). There have been no bedbug problems and everything is clean and well maintained. The property is in a trust so the terms of the sale price are dictated by the trust. There is a new roof with a 30 year warranty. On the one-bedroom apartments the description and income will be as follows: - new ceramic tiles -new hardwood floors -new vinyl flooring in kitchen and bathroom -new copper plumbing - New windows -$2000 each apartment On the two bedrooms the description and income will be as follows: - carpet in living rooms, hallways and bedrooms - new vinyl flooring in bathroom and kitchen - bathtub reglazed - new sinks - new copper plumbing - new toilets - newer aluminum windows - on the upstairs unit, the rent will be $2,550 dollars and on the downstairs unit, it will be $3,000 which will include a storage room) - The total gross income for all units per month will be $9,550 dollars and yearly it will be $114,600 dollars. - The GRM is 17.4
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