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$1,349,000
Est. payment /mo
12 Beds
6 Baths
4,008 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,008 sqft
Price per Sqft $336
MLS Listing ID 26635163
Bedrooms 12
HOA Y/N No
Year Built 1959
Lot Size 7,501 Sqft
Property Description
Priced to sell at 9.8 GRM with upside to 8.9 GRM and a 7.7% CAP. 6 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). All 2/1's. Electrical was updated in 2024. The property was updated in 2019 throughout and is professionally managed and well maintained. Property has onsite laundry and 4 parking spaces which are rented to tenants. Qualified Buyers can put down as little as 25%. EARN OVER A 11% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Email Listing Agent for more info including a Rent Roll and OM.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR1N
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7210012024
Special Listing Condition Standard
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Listed by Jonathan Swire The Agency
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