$959,000
3 units in Long Beach NOT subject to local rent control. 3 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located on a beautiful, quiet, tree lined street. Excellent Owner User opportunity as well - live in one unit and offset your mortgage with the rent from the others. The property has a 3 car garage in the back (separate structure) which could be converted to ADU's - Buyer to verify. Adding additional units could generate significant rental income. It also features onsite laundry and has a storage space currently rented for $200/month. The property is well maintained and has been updated as follows: Completely replaced and upgraded electrical service including main and sub panels with 200 amp service (fully permitted) - done in 2025. Installed new common laundry room - done in 2023 (generates $50/mo per unit = $150/mo total). EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
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Listed by Jonathan Swire with The Agency (424) 230-3700
Property Type
Residential Income
Status
Active
MLS Number
26665817
Year Built
1954
Lot Size
6,521 sq ft