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The Warburton Team Brokered By EXp

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

$1,350,000

Est. payment - /mo

7,505 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID SB26242198

HOA Y/N No

Year Built 1917

Lot Size 7,505 Sqft

Property Sub-Type Quadruplex

Property Description

Simple, easy-to-own investment property with a great unit mix of (3) 2 bed/1 bath and (1) 3 bed/1 bath. Each unit nicely sized with the building totaling 4,028 sqft overall. Offered at a 12.68 GRM and 4.7% cap rate on current rents, which are at or near market. Updated electrical, most windows replaced, and all units separately metered. Large 7,500 sqft lot with a central courtyard and 4 single-car garages with ADU potential. Just 8 blocks north of Downtown Long Beach and its $8B+ in new development, with the Metro A Line (Blue Line), PCH and the 710 Fwy a few blocks away for easy access to the waterfront, Port and LA.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Yard

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7269039005

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan

Special Listing Condition Standard

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Listed by Kristen Mussenden Buckingham Investments, Inc 407-341-3254, DRE #02096276

NEARBY SCHOOL & BUSINESS

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1620 Chestnut Long Beach, CA 90813