Exceptional Investment Opportunity in Prime Long Beach Location! Low-maintenance property, ideal for both new and seasoned investors for adding to their real estate portfolio. This fourplex features 1 bedroom & 1 bath unit, 4 bedroom & 2 bath unit with garage, 3 bedroom & 2 baths unit with garage, and 3 bedroom & 1 bath unit, a well mixture of unit sizes to maximize the income possibility, and generating an impressive annual gross income of $132,000, boasting one of the most profitable fourplexes on the market. This property has undergone a remodel in 2021 with attention to detail to offer an added value to the property. Conveniently located close to stores, restaurants, public transportation, and easy access to the Pacific Coast Hwy and freeways, this is a property that delivers a perfect opportunity for immediate cash flow!
MLS# | OC25029958 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1963 |
Days On Site | 64 |
Listing Provided By | Pinnacle Real Estate Group 626-888-9808 | Xinyao Ren |
SQ Feet | 3,658 |
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Garage | 2 |
Story(s) | 2 |
Units | 4 |
Building(s) | 1 |
Zoning | LBR1N |
Acreage | 0.07 |
State | CA |
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County | Los Angeles |
City | Long Beach |
Zip Code | 90804 |
Area | 3 Eastside | Circle Area |
Listing VS Median (In 90804) | |
Price: $1,699,000 low | high Med: $749,500 SqFt: 3,658 low | high Med: 825 $ / SqFt: $464 low | high Med: $919 On site: 64 low | high Med: 134.000000 |