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Property Description

The Mogharebi Group is pleased to present the opportunity to acquire 2223 Mrytle, a 14-unit secured access community located in Long Beach, California. The property has recently undergone significant renovations. Exterior upgrades include new windows, new paint, new garage door hardware, lighting, security gates, intercom system, stairway upgrades and a fresh slurry and stripped parking lot, along with professional landscaping upgrades.

Interior kitchen upgrades include new custom cabinets and hardware, modern quartz counter tops, new stainless-steel appliances (including refrigerator, dishwasher, microwave, and stoves), new sinks, and custom facets. Bathroom upgrades include new custom cabinets and counter tops, new bathtubs, and custom tile enclosures. Flooring and custom lighting is new throughout the interior. Upstairs units have vaulted ceilings, creating a spacious feel.

The building’s electrical system has new subpanels, each unit has an individual water heater and tenant pay they own gas and electricity. A RUBS system has been initiated for water and sewer expenses. Every living room and bedroom has a newer a/c unit.

The property is located within a walkable distance to many nearby points of interest such as Long Beach City College, MLK Jr. Park, and PCH. This prime location, when paired with the high-quality renovations allow 2223 Mrytle to easily capitalize on a large potential tenant base and strong local economy.

Features
2
2
: Common Area
0
: Curbs, Street Lights, Suburban
Additional Information
Mike Marcu, Broker
0
SMARCMIK
OC06634
Mike
7211014032
: Standard
3
Two
35

Multi-Family For Sale

2223 Myrtle Avenue, Long Beach, California 90806

8,632 Sqft
$3,595,000
Listing ID #OC24121701
Basic Details
Status : Active
DaysOnMarket : 0
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : OC24121701
Price : $3,595,000
Living Area : 8,632 Sqft
Lot Size : 10,471 Sqft
Year Built : 1959
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90806
Price Per Square Foot : $416
Subdivision : Other (OTHR)
ModificationTimestamp : 2024-06-14 09:17:04
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