367 375 Gladys Avenue

Long Beach, CA 90814

$5,900,000

List Price

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1964

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Property Description

This well-maintained property is located in Alamitos Beach, next to Bixby Park. Considerable value add with approximately 50% in rental upside. This property offers a unit mix with (18) eighteen two-bedrooms and (2) two one-bedroom. Each unit is individually metered for electricity and gas, providing residents with greater control over utility costs. Recent upgrades include copper plumbing, vinyl windows, and a new roof. The property is on two parcels, two ten units each, eliminated the requirement for an onsite manager. This property offers its tenants with ample parking with Ten (10) Enclosed Garages and eight tandem spaces. The units themselves are well-appointed with gas cooking, electric heating, hardwood floors, and ceiling fans, and wall heaters ensuring a comfortable living environment.

Listing Information

List Price $5,900,000
Status Active
MLS PW24241218
Type Residential Income
Subtype Apartment
Year Built 1964
Lot Size 12,196
Structure Size N/A
Courtesy Of Triqor Group
Listing Agent Christopher Walker DRE#01905338

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Christopher Walker, Triqor Group . *Based on information from the Association of REALTORS/Multiple Listing as of Nov 27th, 2024 at 7:00 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.