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The Warburton Team Brokered By EXp

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

$2,595,000

Est. payment - /mo

2,426 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Peninsula (Pi)

MLS Listing ID SW26050870

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1942

Lot Size 2,426 Sqft

Property Sub-Type Quadruplex

Property Description

1031 EXCHANGE FOURPLEX, located in the highly desirable Peninsula area of Long Beach, just steps from the beach. The building consists of four units: two 1-bedroom/1-bath units located on the second floor, and one 1-bedroom/1-bath unit plus one studio/1 bath on the first floor. Each unit has its own private entrance, separate address (6514, 6516, 6518, and 6520), and electric is individually metered. All units are currently tenant-occupied.
Tenants in Units 6514 and 6516 also have use of the two one-car garages. The property is well maintained, with Unit 6514 fully updated in 2020. All tenants share a common laundry room equipped with a newer washer and dryer. Units 6514 and 6520 feature mini-split A/C and heating systems, while Units 6516 and 6518 have wall heaters and no air conditioning. Each unit offers great natural light and has been well cared for.
This property presents a fantastic opportunity to own a well-maintained investment building just steps from the beach. Ideally situated between the Pacific Ocean and Alamitos Bay on the highly sought-after Long Beach Peninsula. Enjoy close proximity to the shops, restaurants, and nightlife of Belmont Shore, along with beachside activities including kayaking, paddle boarding, sailing, and scenic biking and running paths leading to downtown and the iconic Queen Mary. Nearby access to the Alamitos Bay Yacht Club and Long Beach Yacht Club enhances the exceptional coastal lifestyle this property offers. ( Pictures are from 2020-2021 , updated pictures will be posted soon )- Subject to 1031 Exchange.

Location

State CA

County Los Angeles

Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr

Zoning LBR2I

Interior

Heating See Remarks, Wall Furnace

Flooring Laminate, Tile

Inclusions Laundry Room Washer/ Dryer & the Refrigerator in unit 6514

Fireplace No

Appliance Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Water To Refrigerator, Water Heater, Dryer, Washer

Laundry Common Area

Exterior

Exterior Feature Rain Gutters

Parking Features Door-Single, Garage, On Street

Garage Spaces 2.0

Garage Description 2.0

Fence Average Condition, Wood

Pool None

Community Features Biking, Curbs, Gutter(s), Street Lights, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Waterfront Description Across the Road from Lake/Ocean

View Y/N Yes

View Neighborhood

Roof Type Membrane

Total Parking Spaces 2

Private Pool No

Building

Lot Description 2-5 Units/Acre, Corner Lot, Near Public Transit, Walkstreet

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 7245025010

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit

Special Listing Condition Standard

Virtual Tour https://listings.benson-productions.com/videos/019ced70-9f46-7033-822f-fe07d18375b4?v=350

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Listed by Ana Hlavnicka WSR Real Estate Inc. 951-813-9062, DRE #01864852

NEARBY SCHOOL & BUSINESS

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6514 E Ocean BLVD Long Beach, CA 90803