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1026 1040 E Broadway $4,150,000

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    1026 1040 E Broadway Long Beach, CA 90802

    • 0 Beds
    • 0 Baths
    • 7,319 sq. ft.
    • Multi-Family
    • MLS# PW22096898
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    Views: 60 Days On Market: 204

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    Property Details

    Broadway @ Alamitos Beach is comprised of two adjacent apartment buildings with a total of nine units along with a 3,850-square-foot parking lot with 12 spaces in prime Alamitos Beach. The unit mix consists of eight 1 BD/ 1 BA units and one larger 1 BD / 1 BA unit. Eight units of the nine units have been renovated with modern fixtures and finishes, including new countertops, laminate wood flooring, stainless steel appliances, bathtubs and vanities, ceiling fans, lighting, and window coverings. Exterior and common area renovations include a remodeled laundry room with new machines and new flooring in hallways and staircases. New landscaping includes installation of concrete hardscape and modern fencing, drought tolerant plants with drip irrigation and lighting. On-site laundry facilities, garage storage and workshop storage provide current additional building income. There is potential to turn the 300 square foot workshop storage into an ADU for approximately $1,895 in additional monthly income.

    • General Features
      • Buyer Compensation 2.000 %
      • Community Features Sidewalks
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • Number Of Separate Electric Meters 9
      • Number Of Separate Gas Meters 9
      • Number Of Separate Water Meters 1
      • Number Of Units Total 9
      • Subdivision Name Alamitos Beach (AB)
      • YearBuilt 1921
    • Building Features
      • Laundry Features Common Area
    • Property Features
      • Lot Size Acres 0.25
      • Lot Features 6-10 Units/Acre
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 12.00

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    Neighborhood

    90802 (Long Beach) Demographics

    36 Median Age
    2,621 Population Density (per sq. mile)
    49% College Educated
    $60,939 Estimated Median Income
    4,148 Estimated Total Home Owners
    16,693 Estimated Total Renters
    20% / 80% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    39,165 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $465,000 Median Sales Price
    23 Homes Sold
    29 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,150,000
        10/11/2022 5:47:29 PM Price Reduced Source: Multiple Listing Service New Value: $4,150,000 -2.35%
        8/11/2022 4:02:48 PM Price Increased Source: Multiple Listing Service New Value: $4,250,000 8.97%
        5/10/2022 1:04:00 PM New in Database Source: Multiple Listing Service New Value: $3,900,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/30/2022 10:50:49 PM. 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. 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, 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.