$1,699,000
ONE UNIT WILL BE DELIVERED READY TO MOVE IN!! Investor's Dream Opportunity! Live in one unit and rent out the others! - Seasoned or First Time Multifamily Buyers discover the perfect investment opportunity with this fantastic and highly sought after four-plex in Long Beach, conveniently located near the Outer Traffic Circle. This property offers a variety of attractive features including; Front House: spacious 3 bedroom, 2 bath home with huge dining room living room, and newly remodeled showers. Additional units: Three large 2 Bedroom units, each with easy access to a community courtyard, open space, and laundry room. Parking and Storage: Every unit includes an assigned private garage. Recent Upgrades: Both showers in the front unit have been remodeled. Roof was replaced approx. 7 years ago. Convenience: Individually metered for electricity and gas. Built in the 1960's and not many opportunities for a four-plex in this area, this property includes a spacious courtyard and secure, income generating community laundry room with shared machines and separate garages. Prime Location: Just blocks from Alamitos and Junipero Beaches, and close to Cal State University Long Beach, the 2nd & PCH shopping center, Long Beach Exchange, The Hangar, golf courses, parks, and public transit. Rental Potential: All three rented units are well under current market rates. Opportunity to increase NOI immediately. Don't miss this rare chance to own a versatile multi-family property in a high demand area. Unit 1: 3 bed, 2 bath, approx. 1300 sqft. Unit 2: 2 bed, 2 bath approx 1000 sqft. Unit 3: 2 bed, 1 bath approx. 900 sqft Unit 4: 2 bed, 1 bath approx 1100 sq.ft. Each unit has a detached one car garage. All units that are occupied are on a month to month lease.
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Listed by Bryn Hutchinson with Re/Max Property Connection (949) 388-8822
Property Type
Quadruplex
Status
Active
MLS Number
OC25239518
Year Built
1963
Lot Size
5,981 sq ft