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Key Details
Sold Price $1,100,889
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID WS23138554
Sold Date 09/20/23
HOA Y/N No
Year Built 1949
Lot Size 5,597 Sqft
Property Description
A concise 4-unit, one-story home is available for sale in this residential neighborhood of Long Beach. All units feature 2 bedrooms and 1 bathroom with a decent floor plan and well-proportioned layout. The property is conveniently located close to prime areas and is within reasonable distance of the beach, with easy access to freeways. It is situated in a high-demand rental area and is currently fully occupied, requiring low maintenance, which means you will yield a higher return on your investment. The listed rents are the actual rents being collected. Additionally, there are four parking spaces at the back of the property. Some of the units have been updated with certain items. The property generates stable income with upside potential in this growing area, offering endless potential for the buyer. Three tenants are on month-to-month leases and one tenant's lease will be expired soon. The location is just minutes away from supermarkets, restaurants, parks, shopping areas, and bus stations. The seller is motivated, and the offer is subject to inspection.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR2N
Interior
Interior Features All Bedrooms Down
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
Utilities Available Sewer Connected
View Y/N Yes
View City Lights
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7267025013
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Sam Alherech • Buckingham Investments, Inc