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The Warburton Team Brokered By EXp

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

$1,575,000

Est. payment - /mo

6,525 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID RS26165029

HOA Y/N No

Year Built 1929

Lot Size 6,525 Sqft

Property Sub-Type Quadruplex

Property Description

Exceptional Long Beach income property generating $136,020. in current annual rents. Property features two residential buildings with four 2BR/1BA residences plus a spacious rear 2BR/2BA residence above the garages. There are 5 garages. 100% occupancy and strong existing income, with substantial value. ADU potential under current CA and Long Beach regulations. Excellent opportunity for an investor seeking immediate income with additional long term upside. Property shows as a 4 unit on tax records. Owner divided a 6 bedroom 2 bath unit into 2 - 2 bedroom 1 bath units without permits.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Fireplace No

Laundry Laundry Room, See Remarks

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs, Street Lights, Suburban, Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7262004016

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Michelle Scales College Park Realty, Inc 714-264-1173, DRE #00952161

NEARBY SCHOOL & BUSINESS

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1043 Stanley AVE Long Beach, CA 90804