Long Beach, CA 90815,1701 Park AVE
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Long Beach, CA 90815,1701 Park AVE
Long Beach, CA 90815,1701 Park AVE
Long Beach, CA 90815,1701 Park AVE
Long Beach, CA 90815,1701 Park AVE

$2,920,000

Est. payment /mo

$3,100,000

5.8%
Est.Price: ?

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1701 Park AVE Long Beach, CA 90815

8,712 Sqft Lot

SOLD DATE : 10/16/2024

Key Details

Sold Price $2,920,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Circle (Ca)

MLS Listing ID OC24151346

Sold Date 10/16/24

HOA Y/N No

Year Built 1961

Lot Size 8,712 Sqft

Property Description

1701 Park Avenue, a 9-unit multifamily investment property located in Long Beach, CA. 1701 Park Avenue offers a highly desirable mix consisting exclusively of two-bedroom units and amenities including garage and carport parking, as well as on-site laundry. 1701 Park Avenue is situated in the highly sought-after Park Estates neighborhood of Long Beach. Residents enjoy the property's prime Long Beach location, with an abundance of hot spots within a 1.5-mile radius of the property. The property is within walking distance of numerous major retail centers surrounding the Los Alamitos Traffic Circle. Additionally, the property is situated in close proximity of both California State University, Long Beach and the Timor Rubin VA Medical Center, two major housing and employment drivers for the city. Furthermore, the property's close proximity to Recreation Park and the Alamitos Bay provides residents with easy access to an abundance of recreation and leisure activities. The property's ideal Long Beach location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1701 Park Avenue.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR4R

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 3.0

Carport Spaces 1

Garage Description 3.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7220002009

Energy Description 1054.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Tyler Leeson • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com
Bought with Tyler Leeson • Marcus & Millichap RE Invest
agent

Elena Flores

Agent | License ID: 01810024

+1(619) 952-5104

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