$1,546,000
$1,579,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
3,006 SqFt
SOLD DATE : 02/29/2024
Key Details
Sold Price $1,546,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,006 sqft
Price per Sqft $514
Subdivision Eastside (Es)
MLS Listing ID SB23222873
Sold Date 02/29/24
HOA Y/N No
Year Built 1956
Lot Size 6,507 Sqft
Acres 0.1494
Property Description
Amazing opportunity to own this Four Unit Income Producing Property in the city of Long Beach. This Gorgeous Building sits on a Large 6,507 sqft lot, and features 4 Extensively Remodeled Units. Including 2 Detached Buildings with Two 2 Bedroom and 1 Bathroom Spacious Units with Private Front Yard in the front, and Two 1 Bedroom and 1 Bathroom Units in the back. Each Unit comes with a Separate Garage Space. All Kitchens are Meticulously Remodeled with Quartz Countertops, High-End Cabinetry and Fixtures, and Stainless Steel Appliances. Updated Bathrooms with Custom Tile Flooring, Newer Vanities and Fixtures, Quartz Counters, and many more. Front 2 Units have their own Washer and Dryer hookups inside. All 4 Units were Updated with Wood Laminate Flooring, Dual Pane Windows, New Front Doors, and Electrical and Plumbing upgrades as well. Roof on the back two units were replaced recently as well. Walking distance to shops and restaurants, about a Mile away from the Beach, and in very close proximity of California State University of Long Beach. This great property is currently operating at a 5.5% CAP Rate, which is extremely rare.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBCNR
Rooms
Ensuite Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room
Interior
Interior Features All Bedrooms Down
Laundry Location Electric Dryer Hookup,Gas Dryer Hookup,Inside,Laundry Room
Heating Wall Furnace
Cooling None
Flooring Laminate, Tile, Wood
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Sidewalks
Roof Type Flat,Spanish Tile
Total Parking Spaces 4
Private Pool No
Building
Lot Description Front Yard, Paved
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7258022011
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Kathleen Tedesco • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "