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The Warburton Team Brokered By EXp

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

$1,150,000

Est. payment - /mo

6,499 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26142307

HOA Y/N No

Year Built 1934

Lot Size 6,499 Sqft

Property Sub-Type Apartment

Property Description

TWO-BEDROOM UNIT AVAILABLE FOR OWNER-OCCUPIED BUYER. Meticulous updates in 2018. Owner Installed ALL NEW copper plumbing throughout, fully rewired with ALL NEW electrical, breaker box and ALL NEW vinyl windows. Located in Long Beach, this well-maintained two-unit residential property totals approximately 2,416 square feet on a generous 6,501 square foot lot. Built in 1934 and zoned LBR2N, the property features two 2-bedroom/1-bath units with current scheduled gross income of approximately $62,040 and pro forma scheduled gross income of approximately $63,600. This asset presents an excellent opportunity for an owner-user or investor seeking stable rental income, rental upside, and long-term appreciation in a strong Long Beach rental market.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Interior

Heating Fireplace(s)

Flooring Wood

Fireplaces Type Family Room

Fireplace Yes

Appliance Gas Range

Laundry Inside

Exterior

Parking Features Assigned

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Sidewalks, Urban

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7205024006

Acceptable Financing Conventional, FHA, Government Loan

Listing Terms Conventional, FHA, Government Loan

Special Listing Condition Standard

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Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc. 310-259-7556, DRE #02035763

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2250 Magnolia Long Beach, CA 90806