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$ 2,600,000
Est. payment | /mo
5 Beds
3 Baths
3,743 Sqft Lot
$ 2,600,000
Est. payment | /mo
5 Beds
3 Baths
3,743 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID SB26155227
Bedrooms 5
Lot Size 3,743 Sqft
Lot Dimensions 50 x 75
Property Sub-Type Res Income 2-4 Units
Property Description
Excellent investment opportunity in the heart of Long Beach. This well-maintained four-unit property features an attractive unit mix consisting of three 2-bedroom/1-bath units and one spacious 3-bedroom/2-bath unit. The property is currently fully occupied and generates approximately $10,197 in monthly rental income. Recent improvements include upgraded electrical panels, providing additional value and reduced future capital expenditure. Conveniently located near Downtown Long Beach, shopping, dining, public transportation, major freeways, and the waterfront. An ideal opportunity for investors seeking stable in-place income with potential for future rental growth. Please do not disturb occupants. Drive by only. Property will be shown with an accepted offer. Buyer and buyers agent to independently verify all property information, rents, expenses, permits, and square footage.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction From Alamitos Avenue, head east on E Broadway. The property is located between Orange Avenue and Bonito Avenue.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7265002024
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Makoto Ozaki, DRE#02194514 Person Realty Inc.
NEARBY SCHOOL & BUSINESS
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