486 E Adair, Long Beach, CA 90805
486 E Adair, Long Beach, CA 90805
486 E Adair, Long Beach, CA 90805
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,539,000
Est. payment /mo
6,089 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID PW26096551

Construction Status Turnkey

HOA Y/N No

Year Built 1939

Lot Size 6,089 Sqft

Property Sub-Type Triplex

Property Description

(4) unit multi-family building in Long Beach, CA. The building features unit mix of (1) 3 Bed/1 Bath unit and (3) 1 Bed/1 Bath units stretching across 2,800+/- rentable square feet. This stabilized asset offers tremendous opportunity for 1031 exchange buyers looking to increase their cash flow on Day 1. Further, a substantial portion of Rental Income of rents secured by Section 8 Vouchers by Housing Assistant Long Beach Minimizing risk and providing reliable cash flow, so the uncertainty of future rent moratoriums will significantly reduce the likelihood of lost revenue. The property also includes on site Washer and dryer laundry. Total rental income Annually all 4 units $107,700.00
The building is in excellent condition, and all (4) units have been extensively remodeled with professional grade finishes. In addition, the gated entry ensures secured access to the property. The property is located within close proximity to many retail, dining, and entertainment options that greatly benefit the tenant mix. This is an investment with strong existing cash flow and minimal maintenance required which is add this solid asset to your rental portfolio. Sellers is Real Estate License in state of California. ALL OFFERS SUBJECT INTERIROR INSPECTION

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Interior Features Ceiling Fan(s)

Heating Electric

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range

Laundry Common Area

Exterior

Parking Features None

Pool None

Community Features Stable(s), Sidewalks

Utilities Available Electricity Available, Natural Gas Available

View Y/N No

View None

Roof Type Asphalt

Private Pool No

Building

Lot Description Corner Lot

Faces North

Story 2

Entry Level One,Multi/Split

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Cottage, Ranch

Level or Stories One, Multi/Split

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 7125015029

Acceptable Financing Cash, Conventional, 1031 Exchange, Fannie Mae

Listing Terms Cash, Conventional, 1031 Exchange, Fannie Mae

Special Listing Condition Standard

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Listed by Nhat Nguyen Villa Real Estate Partners Inc #02254340

NEARBY SCHOOL & BUSINESS

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