$1,195,887
$1,175,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
3,650 Sqft Lot
SOLD DATE : 05/23/2022
Key Details
Sold Price $1,195,887
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision ,Washington
MLS Listing ID SB22058126
Sold Date 05/23/22
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1951
Lot Size 3,650 Sqft
Property Description
Turnkey opportunity! This clean and well-maintained 4-unit property is outperforming the local market on many different levels. Each unit was recently taken down to the studs and fully renovated with new kitchens, bathrooms, flooring, appliances, painting, lighting, ceiling fans, etc. Major improvements to the property include new windows, roofs, garages doors, hot water heaters, gates, fences, landscaping, exterior lighting, plumbing, and electrical. The property consists of one 2bed/1bath front house and three 1bed/1bath units in the back with a separate community laundry room and two 1car garages - perfect for an ADU conversion, which can easily add a ton of value. Each unit is in great condition, offers a functional layout, and is separately metered for gas and electricity. Located in the path of progress - this dense rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. Close proximity to Downtown Long Beach provides maximum accessibility, with plenty of public transportation, freeway access, and a high walk score. The beach, parks, and other community amenities/ attractions are just minutes away. Long Beach is resurging due to hundreds of millions of dollars invested in private and public developments, a growing local economy with strong employment, and the increasing demand to "live, work, and play" in this remarkable community. This easy to own asset is a great addition to any portfolio!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4N
Interior
Interior Features Built-in Features, Ceiling Fan(s), Open Floorplan
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Driveway Level, Door-Single, Garage, On Site, Private, Garage Faces Rear
Garage Spaces 2.0
Garage Description 2.0
Fence New Condition, Security, Wood
Pool None
Community Features Biking, Curbs, Park, Street Lights, Sidewalks, Gated
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition,Shingle
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Near Public Transit
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 7269038009
Security Features Gated Community
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Wayne Liu • All USA Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "