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Sold Date4/02/2021
Closed

1534 Grand AvenueLong Beach, California CA90804-2735

Listing IDRS20243066

3,570 SqFt 0.149 Acres

$1,280,000

The perfect investment opportunity in an excellent area. "The Ravenna Building", is a 4 unit building located in the great Eastside part of Long Beach. This property offers a solid tenant base with low vacancy rates. Beautifully maintained, gated sparkling pool and a well-manicured lawn with surrounding trees. New parking asphalt. The building has been well maintained with all units in good conditions. Consisting of 3 large one-bedrooms and 1 large two-bedroom/two-bathroom townhouse with it's own private balcony, fireplace, enclosed patio and laundry closet with dishwashers in each unit- all separately metered for gas and electric. There are 4 attached garages with newly installed automatic garage door openers. Additionally, there are 4 extra off-street parking spaces, ideal for added income. This is a great opportunity for an investor looking to add-value and capture strong potential rental upside. 1534 Grand is in a prime location! Close to the beach, major retail shopping areas, CSULB, freeways, schools, Belmont Shore and Downtown Long Beach.owners might be open to sell all 3 buildings to the right buyers at $4m best offer.
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