Sold

Closed

111 W Del Amo Boulevard

Long Beach CA, 90805

$3,300,000


$266.04 per sqft

Sold

Closed

12,404 sqft

Multi-family

Built in 1963

Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker 562-436-5800

111 West Del Amo Boulevard is an 18-unit apartment building in Long Beach, California. This asset presents a great opportunity for an investor to acquire a partially renovated asset in a strong rental market, continue renovating the property, and capture 42 percent rental upside.

111 West Del Amo Boulevard offers a mix of eight two-bedroom/one-bath and 10 one-bedroom/one-bath units and a competitive amenities package that includes a pool, controlled access, laundry facilities, and 12 single-car garages with tandem driveway parking.

The asset boasts several recent improvements, including all new windows, a new pool fence, newer pool equipment, and the recent remodeling of three units with the remodel of a fourth unit currently underway.

The property is in a solid rental location with great visibility along Del Amo Boulevard and proximate to schools; Perry Lindsey Middle School is directly across the street, and Dooley Elementary is just down the block. Additionally, the Bixby Knolls Shopping Center is a mile away, offering tenants easy access to a Vons, ALDI, Marshalls, Starbucks, post office, and more.

PW23041994

MLS ID

March 13, 2023

Listed

May 25, 2024

Updated

Map

111 W Del Amo Boulevard
Long Beach CA, 90805

Interior Features

Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.3 Acres


Lot Features

Rectangular Lot


Sewer

Public Sewer

Other Property Details

Area Name

7 - North Long Beach


Days on Market

35


Garage

Yes


Garage Spaces

12


Parking Total

24


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

Community


Zoning

LBR1N


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/18/2023

Sold

$3,300,000

4/25/2023

Price Change

$3,300,000

-18%

4/25/2023

Unknown

Listing Contact: 562-436-5800 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. 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, 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:26 AM UTC

 

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