Description
Investor’s dream opportunity – seasoned or first-time multifamily buyers
discover the perfect investment opportunity with this fantastic and highly sought-after four-plex in long beach, conveniently located near the outer traffic circle. this property offers a variety of attractive features, including:
front house: spacious 3-bedroom, 2-bath home with huge dining room, living room, and newly remodeled showers.
additional units: three large 2-bedroom units, each with easy access to a community courtyard, open space and laundry room.
parking & storage: every unit includes an assigned private garage.
recent upgrades: both showers in the front until have been remodeled, roof was replaced approx. 6 years ago.
convenience: individually metered for electricity and gas.
built in the 1960s, and not many opportunities for a four-plex in this area, this property includes spacious courtyard and secure, income generating community laundry room with shared machines and separate garages. both showers in the front unit have been remodeled.
prime location: just blocks from alamitos and junipero beaches, and close to california state university long beach, the 2nd & pch shopping center, long beach exchange, the hangar, golf courses, parks, and public transit.
rental potential: all units are well under current market rates. opportunity to increase noi immediately.
don’t miss this rare chance to own a versatile multifamily property in a high-demand area. contact agent today for more details!
unit 1: 3 bed, 2, bath, approximately 1300 sf
unit 2: 2 bed 2 bath, approximately 1000 sf
unit 3: 2 bed 1 bath, approx 900 sf
unit 4: 2 bed, 1 bath, approx 1100 sf
each unit has a detached 1 car garage.
all units are currently occupied on month-to-month leases.
Property Type
Residential IncomeCounty
Los AngelesStyle
TraditionalAD ID
47889888
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Sewer Tap Paid
Interior Features
- Roof : Composition
- Exterior Property Features : Rain Gutters
- Interior Features: Ceiling Fan(s)
- Windows: Skylight(s)
- Property Appliances: Convection Oven,Disposal
- Fireplace: None
- Flooring: Carpet,Laminate
Cooling Features
- Wall/Window Unit(s)
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1963
- Building Area Total: 4,300
- Construction: Stucco,Wood Siding
- Roof: Composition
Exterior Features
- Rain Gutters
Foundation
- Slab
Security Features
- Carbon Monoxide Detector(s),Smoke Detector(s)
Accessibility Features
- None
Pool Features
- None
Laundry Features
- Common Area
Fencing
- Block,Wood
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1373
- Lot Size Source: Assessor
- Lot Size Square Feet: 5979
-
Listing Information
Listing Price Information
- Original List Price: 1,999,999
- Listing Contract Date: 2024-11-13
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 7219008030
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Garage
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Cable TV,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 3 - Eastside, Circle Area
- Postal Code Plus 4: 2647
- Directions: Lakewood Blvd west to Outer Way, right to Mendez, right on Mendez. House is on the right.
- Zoning: LBR34
- Source Property Type: Residential Income
- Area: 3 - Eastside, Circle Area
- Property SubType: Quadruplex
Building and Construction
- Property Age: 61
- Common Walls: 2+ Common Walls
- Structure Type: Quadruplex
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: ground
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 12/18/2024 @ 02:45
- MLS: OC24232104
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 9 bedrooms which is for sale, it has 4,300 sqft, 5,979 sized lot, and 4 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 90815, this Los Angeles County Home , it is in the Artcraft Manor (AM) Subdivision, are nearby neighborhoods.