Bought with Christopher Crosby • Buckingham Investments, Inc
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Key Details
Sold Price $1,150,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,338 sqft
Price per Sqft $344
MLS Listing ID CRSB24066151
Sold Date 10/11/24
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1946
Lot Size 9,278 Sqft
Property Description
Back on market after buyer unable to perform. Prime investment opportunity for a savvy investor! The property is now priced under $225,000 per unit, situated on a tranquil cul-de-sac and within walking distance to Steven's Middle School. This meticulously maintained property offers four updated units, comprised of a diverse unit mix of (1) 3bd 1.5ba owners unit (1) 2bd 1.5 bath (3) 1bd 1ba and (1) studio. Recent upgrades include updated plumbing, electrical, water heater(s), wall heater(s), and interior renovations. The large driveway offers plenty of off street parking for the tenants. This excellent value-add opportunity boasts a huge upside in income potential. Additional income is available with a coin-operated laundry room with a $200 monthly revenue potential. Priced attractively under $225,000/ unit, this investment gem is a rare find in Long Beach. Don't miss out on the chance to secure a lucrative investment property with strong tenant demand and substantial income growth potential.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dryer
Laundry Community Facility, Dryer, Washer, Other
Exterior
View Greenbelt, Other
Building
Lot Description Cul-De-Sac, Other, Back Yard, Front Yard, Garden
Water Public
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