111 East 67th Way Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90805
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,268 sqft
Price per Sqft $572
Subdivision North Long Beach
MLS Listing ID OC-24239230
Style Modern
Year Built 1929
Lot Size 6,473 Sqft
Property Sub-Type Triplex
Property Description
Back on Market - Major Price Reduction | Turnkey 3-Unit Income Property | High Cap Rate Now offered at $1,299,000, this fully permitted 3-unit property is back on the market after falling out of escrow due to FHA restrictions -- not due to property condition. The new price reflects exceptional value for investors or hybrid buyers seeking strong cash flow and minimal maintenance. All units are upgraded or newly constructed with permits and high-quality systems. A rare opportunity to own a luxurious and fully rebuilt three-unit income property in North Long Beach -- perfect for families seeking multi-generational living or investors seeking strong returns. All upgrades were completed with permits and attention to detail, delivering both lifestyle and long-term value. Live in one unit and collect rent from the other two to offset your mortgage -- or lease all three for high-yield passive income. Property Highlights: o Rebuilt Front Home (3BD/2BA): Modern finishes, open floor plan, double Milgard windows, new roof, HVAC, electric, and plumbing o Brand New ADU (2BD/2BA): Detached, private entry, lighted mirrors, stone-accented bathrooms o Brand New JADU (1BD/1BA): Stylishly designed with stone shower walls and efficient layout All units feature: o Independent electric and gas meters o Modern kitchens with new appliances o In-unit washers and dryers o Beautiful landscaping with fresh lawn, fruit trees, and 4-car parking o Private front yard areas for each unit -- perfect for gardening or outdoor dining Pro Forma Rent Roll: o Front House (3/2): $4,300 o ADU (2/2): $3,300 o JADU (1/1): $2,200 Projected Monthly Income: $9,800 Estimated Cap Rate: 7.3% Low operating expenses due to all new systems Note: FHA financing not eligible due to property classification and self-sufficiency rules. Ideal for conventional, DSCR, or cash buyers. Video Tour: https://vimeo.com/1036491765?share=copy#t=0 Property Website: https://111East67thWay1818171mls.f8re.com/ https://111East67thWay1818171mls.f8re.com/ https://vimeo.com/1036491765?share=copy#t=0
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR1N
Interior
Heating Zoned,See Remarks
Cooling Zoned,See Remarks
Flooring See Remarks
Fireplaces Type None
Laundry Dryer Included,In Closet,Stackable,Washer Included
Exterior
Parking Features Gravel,No Driveway,Parking Space,Paved,Private
Garage Spaces 4.0
Pool None
Community Features Curbs
Utilities Available Sewer Connected,Water Connected,Electricity Connected,Natural Gas Connected
View Y/N No
View None
Building
Lot Description Front Yard,Garden,Lawn,Sprinkler System,Sprinklers In Front,Sprinklers In Rear,2-5 Units/Acre,Back Yard
Sewer Public Sewer
Others
Virtual Tour https://111East67thWay1818171mls.f8re.com/