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2020 E Bermuda St, Long Beach, CA 90814
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2020 E Bermuda St Long Beach, CA 90814

$2,999,000
  • 17 Beds
  • 10 Baths
  • 7,741 Sq.Ft.
For Sale
$2,999,000 Get Pre-Qualified
Map preview of 2020 E Bermuda St, Long Beach, CA 90814

Property Overview: 2020 E Bermuda St Long Beach, CA has 17 bedrooms, 10 bathrooms, 7,741 living square feet and 6,796 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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!

Listed by Mylene Le Bail | BRE #01364484 | Keller Williams Pacific Estate
Last checked: 5 minutes ago | Last updated: February 6th, 2024 | Source CRMLS | DOM: 112
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Home details

Lot Sq. Ft
6,796
HOA Dues
$0/mo
Year built
1963
Garage
4 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW23230333
City
Long Beach
County
Los Angeles
Time on Site
130 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,986
  • Total Rent: $1,986
  • Pro Forma/Market Rent: $2,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $200,232
  • Net Operating Income: $136,632
  • Gross Operating Income: $200,232
  • Laundry Income: $60
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $63,600
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 2020 E Bermuda St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Garage Faces Front, Garage Door Opener
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 7263006004
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: Cherry and 2nd St.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 2020 E Bermuda St

Last sold for $1,490,000 on June 30th, 2006

  • December, 2023

  • Dec 27, 2023

    Date

    Active

    CRMLS: PW23230333

    $2,999,000

    Price

  • June, 2006

  • Jun 30, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,490,000

    Price

Show More

Tax History for 2020 E Bermuda St

Assessed Value (2020): $1,862,688
Year Land Value Improved Value Assessed Value
2020 $874,692 $987,996 $1,862,688

Home Value Compared to the Market

This property vs the competition

2020 E Bermuda St is listed 274.92% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $387.42 per/sqft which puts the price per square foot 39.84% lower than the median price per square foot for the city of Long Beach.

About 2020 E Bermuda St

Detailed summary of property

2020 E Bermuda St is a mixed use located in Long Beach, CA 90814 and is currently for sale. This mixed use property offers 17 bedrooms, 10 bathrooms, roughly 7,741 living square feet, and sits on an approximately 6,796 square foot lot. 2020 E Bermuda St was first listed on ArdentRealEstateGroup.com on December 27, 2023. The homeowner is currently asking $2,999,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 274.92% higher than the median priced home. Local competing homes currently for sale include 820 Lime Ave, 4130 E 10th St and 1756 Pacific Ave. While the average home in Long Beach, CA is selling in 54 days, 2020 E Bermuda St has a days on market of 112 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 2020 E Bermuda St Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2020 E Bermuda St

Public county record property details
Beds
17
Baths
9
Year built
1963
Sq. Ft.
7,741
Lot Size
6,795
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7263-006-004

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$793,676
Median List Price/Sq.Ft.
$642
Median Sold Price
$845,566
Median Sold Price/Sq.Ft.
$582
Total Inventory
37
Median Sale to List Price %
100%
Avg Days on Market
33
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (42.86%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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