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$1,699,000
Est. payment /mo
8 Beds
8 Baths
6,369 Sqft Lot
OPEN HOUSE
Sun May 18, 11:00am - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS25102437
Bedrooms 8
HOA Y/N No
Lot Size 6,369 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
This fully remodeled 4-unit property in the heart of Long Beach is a rare, turnkey investment opportunity offering strong income potential and long-term value. Featuring four spacious 2-bedroom, 2-bathroom units across 3,712 square feet on a 6,369-square-foot lot, the building is currently vacantallowing for immediate lease-up at market rents. With proforma rents of $2,832 per unit, the projected gross income is $11,328 per month or $135,936 annually, positioning this asset as a high-yield performer. The property includes three garages and three uncovered parking spaces, providing ample tenant convenience. Recent renovations showcase modern finishes and high-quality interiors that appeal to todays renters. Ideally located in a vibrant and evolving neighborhood rich in dining, shopping, and entertainmentjust minutes from Cal State Long Beach, Rose Park, Retro Row, and Belmont Shorethis property is perfectly positioned to attract quality tenants and deliver solid returns.
This fully remodeled 4-unit property in the heart of Long Beach is a rare, turnkey investment opportunity offering strong income potential and long-term value. Featuring four spacious 2-bedroom, 2-bathroom units across 3,712 square feet on a 6,369-square-foot lot, the building is currently vacantallowing for immediate lease-up at market rents. With proforma rents of $2,832 per unit, the projected gross income is $11,328 per month or $135,936 annually, positioning this asset as a high-yield performer. The property includes three garages and three uncovered parking spaces, providing ample tenant convenience. Recent renovations showcase modern finishes and high-quality interiors that appeal to todays renters. Ideally located in a vibrant and evolving neighborhood rich in dining, shopping, and entertainmentjust minutes from Cal State Long Beach, Rose Park, Retro Row, and Belmont Shorethis property is perfectly positioned to attract quality tenants and deliver solid returns.
This fully remodeled 4-unit property in the heart of Long Beach is a rare, turnkey investment opportunity offering strong income potential and long-term value. Featuring four spacious 2-bedroom, 2-bathroom units across 3,712 square feet on a 6,369-square-foot lot, the building is currently vacantallowing for immediate lease-up at market rents. With proforma rents of $2,832 per unit, the projected gross income is $11,328 per month or $135,936 annually, positioning this asset as a high-yield performer. The property includes three garages and three uncovered parking spaces, providing ample tenant convenience. Recent renovations showcase modern finishes and high-quality interiors that appeal to todays renters. Ideally located in a vibrant and evolving neighborhood rich in dining, shopping, and entertainmentjust minutes from Cal State Long Beach, Rose Park, Retro Row, and Belmont Shorethis property is perfectly positioned to attract quality tenants and deliver solid returns.
Location
State CA
County Los Angeles
Area Long Beach (90804)
Zoning Estimated
Interior
Cooling Central Forced Air
Exterior
Roof Type Composition
Building
Lot Description Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Level or Stories 1 Story
Others
Monthly Total Fees $77
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Listed by Mark Perez • Circle Real Estate
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Donita Thompson
Broker Associate | License ID: 01113919
Broker Associate License ID: 01113919