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2203 E Bermuda St, Long Beach, CA 90814
$2,700,000
2203 E Bermuda St, Long Beach, CA 90814View this property at 2203 E Bermuda St, Long Beach, CA 90814
2203 E Bermuda StLong BeachCA90814
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Property Description
This prominently located 1980's multifamily property features very large, townhouse-style units with oversized balconies or patios for every unit and excellent on-site parking. The Property offers investors an incredible value-add opportunity. With rents approximately 40% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood. In addition, an investor can look into the potential to create ADU's in the parking areas. The property has remote-controlled garage parking for 9 cars as well as a 10th uncovered parking space, all of which are generating income. There are two additional parking garages that are currently rented out for storage. The property also features secured entry at the front and back, as well as a laundry room. It is separately metered for gas and electricity.
Full Property Details
Full Property Details for 2203 E Bermuda St
General
- Sold For: $2,700,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-340513
- Added to Site: 162 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 15
Other Rooms
- Laundry: Community
Additional Information
- Other Features: None
Parking
- Garage Description: Garage - 1 Car, Garage - 2 Car, Private Garage, Parking Space
Location
- Area: Belmont Heights, Alamitos Heights
- County: Los Angeles
- Driving Directions: North of Broadway, south of 4th Street, west of Junipero Avenue and east of Cherry Avenue.
Heating & Cooling
- Cooling Type: None
- Heating Type: Central
Structural Information
- # Buildings: 1
- Stories/Levels: 0
- Square Feet: 8,364
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1985
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 8
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1.5
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1369
- Lot Size: 5962
- Lot Size Source: Vendor Enhanced
- Zoning: LBR1N
Financial Considerations
- Price Per Sq. Ft.: $316.83
- Assessment Year: 1985
Disclosures and Reports
- Disclosures/Reports: Trust/Conservatorship, As Is
- APN: 7263-005-031
Listed by Kidder Mathews of California, Inc., Bryan Glenn
Sold by CB Richard Ellis, Inc., Trey Mitchell
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Schools
Schools serving 2203 E Bermuda St
School District:Long Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
501 Junipero Ave, Long Beach, CA 90814 | PK-5 | 0.2 mi | |
750 Euclid Ave, Long Beach, CA 90804 | 6-8 | 1 mi | |
4400 E 10th St, Long Beach, CA 90804 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2203 E Bermuda St
Date
Details
Price
Change
Source
2/14/2024
Sold
$2,700,000
1.89%
MLS
12/17/2023
Listed
$2,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2203 E Bermuda St, Long Beach, CA 90814 (MLS# 23-340513) is a Multi-Family property that was sold at $2,700,000 on February 14, 2024. Want to learn more about 2203 E Bermuda St? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.