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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,599,999

Est. payment - /mo

3,249 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Junipero Gardens (Jpg)

MLS Listing ID PF25218738

HOA Y/N No

Year Built 1963

Lot Size 3,249 Sqft

Property Sub-Type Quadruplex

Property Description

Welcome to this exceptional investment opportunity, a remodeled fourplex offering a diverse mix of unit sizes and strong rental income potential. Renovated in 2021, the property combines modern updates with impressive cash flow, making it an ideal choice for both seasoned investors and owner-occupants seeking to offset their mortgage with rental income.

The fourplex features a one-bedroom, one-bath unit with 559 square feet of comfortable living space, a spacious four-bedroom, two-bath unit with 1,080 square feet and its own garage, a three-bedroom, two-bath unit with 1,094 square feet and garage access, and a three-bedroom, one-bath unit with 915 square feet. This well-balanced variety of layouts appeals to a wide range of tenants, maximizing occupancy and rental demand. Currently generating an impressive annual gross income of approximately $132,000, the property delivers reliable returns with room for further growth.

With one unit vacant, buyers may qualify for FHA financing or take advantage of owner-occupant opportunities, allowing favorable terms while benefiting from immediate rental income from the remaining tenants. The remodel completed in 2021 included thoughtful updates designed to enhance comfort, durability, and long-term value, reducing the need for significant near-term improvements.

From its strong rental history to its desirable unit mix and updated condition, this fourplex is a rare find in today's market. Whether you are looking to expand your investment portfolio with a high-yield, low-vacancy property or secure a home that pays for itself through rental income, this opportunity checks all the boxes.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type Outside

Fireplace Yes

Laundry In Garage

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks

Utilities Available None

View Y/N No

View None

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre, Paved

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7262010002

Acceptable Financing Cash, Cash to New Loan, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, FHA, VA Loan

Special Listing Condition Standard

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Listed by Charlene Hoang Redfin Corporation

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2122 E 10th ST Long Beach, CA 90804