Long Beach, CA 90804,1360 Euclid Avenue
Listed by Cody Charnell • Sage Real Estate Group, Inc.
Bought with Juan Huizar • Sage Real Estate Group, Inc.
$2,200,000
Est.Price: ?

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4,630 SqFt

1360 Euclid Avenue Long Beach, CA 90804

Est. payment /mo
SOLD DATE : 05/16/2025

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Key Details

Sold Price $2,200,000

Property Type Commercial Sale

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,630 sqft

Price per Sqft $475

MLS Listing ID CRPW24249846

Year Built 1923

Lot Size 6,503 Sqft

Property Sub-Type Other

Property Description

**SELLER FINANCING AVAILABLE**Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers. Seller's will consider carrying financing with 25% down, 5% interest rate, and up to a 10 year loan term. Financing terms are dependent on offer price.

Location

State CA

County Los Angeles

Interior

Heating Wall Furnace

Laundry No Hookups

Building

Water Public

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Bay East AOR and Contra Costa AOR

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agent

Jaideep Singh

Agent | CA BRE#: 02021283

+1(510) 565-5250

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