$1,620,000
$1,799,000
9.9%For more information regarding the value of a property, please contact us for a free consultation.
6,486 Sqft Lot
SOLD DATE : 09/10/2024
Key Details
Sold Price $1,620,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR24139942
Sold Date 09/10/24
HOA Y/N No
Year Built 1958
Lot Size 6,486 Sqft
Property Description
Investment Opportunity in Prime Long Beach Location. We are excited to present an exceptional investment opportunity in the highly sought-after Long Beach area. This well-maintained property comprises six spacious, unfurnished units, each offering 2 bedrooms and 1 bathroom with approximately 770 square feet of living space and well over $120K in renovations and upgrades. The total building area is 4,620 square feet, situated on a lot of 6,486 square feet. Key Features: Fully Occupied Units: All six units are currently occupied, ensuring immediate and steady rental income.Desirable Layout: Each unit features 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces. Enclosed Yard: Tenants enjoy the added benefit of an enclosed yard, enhancing the property's appeal. Prime Location: The property is ideally located near amenities, schools, and transportation. Rent Controlled: The property operates under rent control, offering stability and predictability in rental income. This investment offers a combination of reliable income and the potential for long-term appreciation in a coveted area. Great long term tenants, low maintenance. Don't miss out on this outstanding opportunity to bolster your investment portfolio with this bread and butter 6-unit residential income property.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LBR2N
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Garage Assigned, Tandem, Uncovered
Fence Block
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Parking Type Assigned, Tandem, Uncovered
Total Parking Spaces 12
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7260017021
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Maly (Molly) Ly • Hyun Joo Hong, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "