CA > Long Beach
Long Beach, CA 90802,573 Nebraska
See all 17 photos
Long Beach, CA 90802,573 Nebraska
Long Beach, CA 90802,573 Nebraska
Long Beach, CA 90802,573 Nebraska
Long Beach, CA 90802,573 Nebraska
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
28
Oct
Wed
29
Oct
Thu
30
Oct
Nicole Van Parys & Gary Nesen

Nicole Van Parys & Gary Nesen

+1(805) 795-1880
Listed by Anthony P. Walker • Buckingham Investments, Inc
$ 1,395,000
Est. payment /mo
Save
Active Under Contract

573 Nebraska Long Beach, CA 90802

4,800 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $290

MLS Listing ID SB-25232214

Year Built 1967

Lot Size 7,387 Sqft

Property Sub-Type Quadruplex

Source California Regional Multiple Listing Service (CRMLS)

Property Description

Huge 1960's construction 4 unit in 5 blocks to the beach with all townhome style units. Extra large owner's unit currently configured as 2 beds and 2 baths, but originally 3 beds with primary suites. Three other large two story 2 bedroom units, one with 1 bath, and two with 2 baths. 2 out of 4 units recently remodeled with vinyl floors, new kitchens, and bathrooms. Large lot with 5 garages spaces plus extra square footage in the rear. Very attractive metrics at $291/square foot, 12.3X GRM on actuals with a significant 16% upside to 10.5X GRM and a market cap rate of 5.8%.

Ideal location in the heart of Alamitos Beach only 5 blocks to the sand. 3 blocks from Downtown Long Beach's East Village Arts District with numerous restaurants, retail, and entertainment options. Over $8 Billion in new development in the immediate vicinity. 63% of households within 5 miles are renters with an average household income of $98,000+ (per CoStar research).

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Laundry None

Exterior

Parking Features Garage Faces Front

Garage Spaces 5.0

Pool None

Community Features Suburban

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Building

Lot Description Rectangular Lot

Sewer Public Sewer

Nicole Van Parys & Gary Nesen

Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Nicole Van Parys & Gary Nesen, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

573 Nebraska