2020 E Bermuda Street Long Beach, CA $ 2,999,000
2020 E Bermuda Street
$ 2,999,000
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2020 E Bermuda Street

Long Beach, CA, 90814
$ 2,999,000
Bedrooms17 Baths10.0 Sq 7,741

Monthly Estimate*

$ 20,949

Listed by Keller Williams Pacific Estate
2020 E Bermuda Street, Long Beach, CA 90814 - Image 1
2020 E Bermuda Street, Long Beach, CA 90814 - Image 2

Multi-Family Home for sale in Long Beach, CA

for $2,999,000 with 17 bedrooms and 10 full baths. This 7,741 square foot home was built in 1963 on a lot size of 0.156.

This well maintained 8-unit complex with obvious pride of ownership is an excellent investment opportunity. Located in the Alamitos Beach Area, minutes away from the ocean on a nice wide street, it features a 2-story, possible Owner/Manager 3 Bedroom,3 Bath unit with a private balcony. As well as (7) 2 Bedroom, 1 Bath units. All units are a good size, check out the square footage. There is room to increase the current rental rates. All units feature individual electric meters. A portion of the units have A/C. And most of the units have double pane windows. All units feature garbage disposals. Flooring throughout the complex is as follows: Ceramic tile floors in living, hallway, kitchen and bathrooms area. All Bedrooms have engineered wood floors. The entire complex also has granite countertops in the kitchen and bathrooms. Garages and parking are included on the lot. The composite roof is about 3 years old. Onsite Laundry is also available for your tenants. This well-maintained complex will be a great income opportunity, allowing an owner to either live on site or provide upgraded accommodations for your property manager. Only 3 blocks away from the Ocean! This is a great opportunity, come and drive by today!

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Multi-Family Active

Price

$ 2,999,000

Bedrooms

17

Full Bath

10

Property Type

Multi-Family

Taxes

$ 0

Style

MixedUse

Lot Size

0.156

Year Built

1963

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23230333

Days on Market

141

Features
General
Sewer PublicSewer
Possession SeeRemarks
Zoning LBR1N
Garage Spaces 4.0
Pool Features None
Year Built 1963
Tenant Pays Electricity
Property SubType MixedUse
Gross Income 200232.0
Community Features Urban
County Los Angeles
Net Operating Income 136632.0
Operating Expense 63600.0
Insurance Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency Buyer to cooperate with 3031 Exchange!
Subdivision Name Belmont Heights (BH)
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Cherry and 2nd St.
City Long Beach
Entry Location Side
View Y/N N
Senior Community Y/N N
Open Parking Spaces 6.0
Total Units 8
MLS Area 2 - Belmont Heights Alamitos Heights
Lot Size Square Feet 6796.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 8
Street Name Bermuda
Listing Terms Cash CashtoExistingLoan CashtoNewLoan Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 40
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 4
Property Sub Type Additional MixedUse
Cap Rate 4.5
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Exterior
Parking Features GarageFacesFront Garage GarageDoorOpener
Lot Features Item610UnitsAcre
Water Source Public
Total Parking 10.0
Lot Size Area 6796.0
Number of Buildings 1
Spa N
Building Area Total 7741.0
Lot Size Acres 0.156
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 0
Number of Separate Electric Meters 8
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 2020
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* Excluded Features
List By
Keller Williams Pacific Estate

Broker

(562) 513-7800

Phone

Affordability Calculator

$20,949
Per Month
100%
0%
0%
Monthly Principal & Interest
$20,949
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/28/2023$2,999,000 Listed Price

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2020 E Bermuda Street, Long Beach, CA, 90814 is a Multi-Family Home for sale at $2,999,000 with 7,741 sqft and a lot size of 0.156. 2020 E Bermuda Street has 17 bedrooms, 10.0 baths, and was built in 1963. The property's zip code is 90814 which is in Long Beach, CA