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Listed by Michelle Scales • College Park Realty, Inc
$1,575,000
Est. payment /mo
5,222 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,222 sqft
Price per Sqft $301
MLS Listing ID RS-26165029
Year Built 1929
Lot Size 6,524 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
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
Laundry See Remarks, Individual Room
Exterior
Garage Spaces 5.0
Pool None
Community Features Curbs, Sidewalks, Street Lights, Suburban
Building
Lot Description Front Yard
Sewer Public Sewer
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Naghmeh Keyvani
Broker Associate | License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823