UPDATED:
12/26/2024 10:00 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24232104
HOA Y/N No
Year Built 1963
Lot Size 5,980 Sqft
Property Description
Discover the perfect investment opportunity with this fantastic and highly sought-after four-plex in Long Beach, conveniently located near the Outer Traffic Circle. This property offers a variety of attractive features, including:
Front House: Spacious 3-bedroom, 2-bath home with huge dining room, living room, and newly remodeled showers.
Additional Units: Three large 2-bedroom units, each with easy access to a community courtyard, open space and laundry room.
Parking & Storage: Every unit includes an assigned private garage.
Recent Upgrades: Both showers in the front until have been remodeled, roof was replaced approx. 6 years ago.
Convenience: Individually metered for electricity and gas.
Built in the 1960s, and not many opportunities for a four-plex in this area, this property includes spacious courtyard and secure, income generating community laundry room with shared machines and separate garages. Both showers in the front unit have been remodeled.
Prime Location: Just blocks from Alamitos and Junipero Beaches, and close to California State University Long Beach, the 2nd & PCH shopping center, Long Beach Exchange, The Hangar, golf courses, parks, and public transit.
Rental Potential: All units are well under current market rates. Opportunity to increase NOI immediately.
Don't miss this rare chance to own a versatile multifamily property in a high-demand area. Contact agent today for more details!
Unit 1: 3 bed, 2, bath, approximately 1300 sf
Unit 2: 2 bed 2 bath, approximately 1000 sf
Unit 3: 2 bed 1 bath, approx 900 sf
Unit 4: 2 bed, 1 bath, approx 1100 sf
Each unit has a detached 1 car garage.
All units are currently occupied on month-to-month leases.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR34
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate
Fireplaces Type None
Inclusions washer and dryer in laundry room
Fireplace No
Appliance Convection Oven, Disposal
Laundry Common Area
Exterior
Exterior Feature Rain Gutters
Parking Features Garage
Garage Spaces 4.0
Garage Description 4.0
Fence Block, Wood
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Available, Sewer Connected, Water Available
Waterfront Description Ocean Side Of Freeway
View Y/N No
View None
Roof Type Composition
Accessibility None
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Foundation Slab
Sewer Sewer Tap Paid
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7219008030
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Trust
