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367 375 Gladys Avenue

Long Beach, CA 90814
  • $5,900,000
  • STATUS: Active Under Contract
  • ON SITE: 72 Days
  • ID#: PW24241218
Under Contract
UPDATED: 31 min ago
$5,900,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Christopher Walker of Triqor Group (949-756-3232)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-08T07:31:33.103. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/158338940
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367 375 Gladys Avenue Long Beach, CA 90814

  • Price: $5,900,000
  • Status: Active Under Contract
  • On Site: 72 Days
  • Updated: 31 min ago
  • ID#: PW24241218
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1964
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
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.
Exterior Features

Entry Level 1 Entry Location / Lot Features Rectangular Lot Number Of Separate Electric Meters 20 Open Parking Spaces 8 Parking Total 18 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Sidewalks Contingency None Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 373877 Gross Scheduled Income 385440 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 219931 New Construction YN No Number Of Separate Gas Meters 20 Number Of Separate Water Meters 1 Operating Expense 153946 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning LBR2A



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-08T07:31:33.103. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Christopher Walker of Triqor Group (949-756-3232)