Description
Please read description carefully. This is a package of two condos (#507 = 777 sq.ft & #508 = 951 sq.ft + 38 sq.ft vestibule deeded to parcel) that were merged on title decades ago into a single APN. There is a process through city of Long Beach/Department of RE that an owner can go through to legally obtain two separate APN's again, and make the two units legally separate. They are physically separate now and occupied by two separate occupants so it's a good opportunity for two buyers to go in on together as partners (Tenants in Common loans available for two separate borrowers purchasing together) and keep the legal description as is. The location within the building is excellent, with beautiful views of the vibrant downtown area. You're smack dab in the middle of all the action in a building with great character and style. This is a great value when compared to neighboring condos selling for a much higher price per square foot. Both 507 and 508 are located on a corner of the building, with windows on two sides of each unit bringing in great natural light. The building offers a top floor common room with phenomenal views of the ocean and Queen Mary. Walk out the door to great dining and entertainment from your wise investment in the middle of a downtown that is undergoing massive transformation. This makes a solid long term investment. Parking is available in adjacent structure at affordable monthly rate.
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3BEDS
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0.17ACRES
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2BATHS
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01/2 BATHS
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1,766SQFT
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$416$/SQFT
Description
Please read description carefully. This is a package of two condos (#507 = 777 sq.ft & #508 = 951 sq.ft + 38 sq.ft vestibule deeded to parcel) that were merged on title decades ago into a single APN. There is a process through city of Long Beach/Department of RE that an owner can go through to legally obtain two separate APN's again, and make the two units legally separate. They are physically separate now and occupied by two separate occupants so it's a good opportunity for two buyers to go in on together as partners (Tenants in Common loans available for two separate borrowers purchasing together) and keep the legal description as is. The location within the building is excellent, with beautiful views of the vibrant downtown area. You're smack dab in the middle of all the action in a building with great character and style. This is a great value when compared to neighboring condos selling for a much higher price per square foot. Both 507 and 508 are located on a corner of the building, with windows on two sides of each unit bringing in great natural light. The building offers a top floor common room with phenomenal views of the ocean and Queen Mary. Walk out the door to great dining and entertainment from your wise investment in the middle of a downtown that is undergoing massive transformation. This makes a solid long term investment. Parking is available in adjacent structure at affordable monthly rate.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-02T23:28:20.91. 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 deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group. Licensed in the State of California, USA.