$1,100,000
$1,100,000
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5,019 SqFt
SOLD DATE : 06/26/2024
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,019 sqft
Price per Sqft $219
MLS Listing ID CL24395287
Sold Date 06/26/24
HOA Y/N No
Year Built 1930
Lot Size 8,549 Sqft
Acres 0.2
Property Sub-Type Other
Property Description
*Prime Multi-Unit Investment Opportunity in Long Beach, CA*Discover this exceptional multi-unit property located just 1.5 miles from downtown Long Beach and conveniently close to major freeways. This unique offering comprises seven units spread across three separate buildings, presenting an ideal investment with significant rental potential.*Property Highlights:*- *Three Separate Buildings:*- Stand-Alone Bungalow: A charming 2 bed, 1 bath home featuring an attached garage and private yard, perfect for attracting long-term tenants. -*Four-Unit Building:* A two-story structure, each unit offering 2 bedrooms and 1 bathroom, providing consistent rental income. - *Spanish-Style Duplex:* Classic architecture with two 1 bed, 1 bath units, adding diversity to your rental portfolio.- *Parking:* Dedicated parking for 4 cars located at the rear of the property.- *Occupancy:* All units are currently occupied, ensuring immediate rental income from day one. The property will be delivered fully occupied at close of escrow.- *Potential:* With some updating, this property can significantly increase its rental income, making it an excellent opportunity for investors looking to enhance their portfolio. This multi-unit property offers a blend of stable occupancy and potential for growth, all in a pr
Location
State CA
County Los Angeles
Zoning LBR2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Carpet
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 7431033007
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Bought with DanielKountz
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