1921 E Washington Street

Long Beach, CA 90805

  • 7 Bed(s)
  • 6 Bath(s)
  • 3,184 Sqft
  • 5600
    Sqft(Lot)
$1,250,000

Description

Located on a quiet side street off one of the major thoroughfares in north long beach providing a great location and ease of commute for tenants.

the property is close to local bus stops, multiple parks, and shopping centers, as well as the michelle obama library. the property sits within 2

miles of both the 91 and 710 freeways. the property is also only a short drive to both downtown long beach and the beach. this fourplex consists

of a front building made up of three 1 bed 1 bath units each with a garage, and a rear building which is a detached 4 bed 2 bath house the rear

house sits at ~1728 sqft. while the front building units average ~485 sqft. the tenants pay their own utilities, keeping the utilities low. this

building is currently fully occupied and has had less than 3% vacancy over the last 3 years. two of the units have been partially renovated during

the most recent tenant transitions. this property also has storage and laundry room opportunities for potential sellers to build out.

price

$1,250,000

price/unit $312,500

price/sqft $408

current cap rate 5.35%

market cap rate 6.26%

current grm 16.62

market grm 14.43

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48317597

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1949
    • Building Area Total: 3,184

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1286
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 5600

  • Listing Price Information

    • Original List Price: 1,250,000
    • Listing Contract Date: 2025-01-06

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7128032018

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 7 - North Long Beach
    • Directions: Head South on Cherry Ave from route 91 and take a right on Washington street. It is the second property on the ride side.
    • Zoning: LBR2N
    • Source Property Type: Residential Income
    • Area: 7 - North Long Beach
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 76
    • Common Walls: No Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: Front of building
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 01/18/2025 @ 05:00

  • MLS: PW25003991
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 7 bedrooms which is for sale, it has 3,184 sqft, 5,600 sized lot, and 3 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90805, this Los Angeles County Home , it is in the North Long Beach (NLB) Subdivision, are nearby neighborhoods.