$649,900
Value-add opportunity in North Long Beach. The property features a 2 bed / 1 bath main house with a bonus room currently used as a third bedroom. There are two additional detached studio units—one in the front (tenant-occupied) and one in the rear (currently vacant). Property is separately metered with (4) electric meters and (3) gas meters. The property has operated as a triplex for over 30 years and tax records reflect triplex use; however, the current owner has been informed by the City of Long Beach that City records indicate that this is a single-family residence. Seller makes no representations about the legal use of the property. Buyer to independently verify legal use, zoning, and potential paths to legalization. Significant upside for an investor or owner-user willing to navigate the process. Interiors of the front and rear structures recently got new paint and flooring. Middle unit needs TLC.
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Listed by Cody Charnell with Sage Real Estate Group, Inc. (562) 400-7622
Property Type
Single Family Residence
Status
Active
MLS Number
PW26100761
Year Built
1956
Lot Size
2,823 sq ft