Investor’s Dream Opportunity – Seasoned or First-Time Multifamily BuyersDiscover 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 sfUnit 2: 2 bed 2 bath, approximately 1000 sfUnit 3: 2 bed 1 bath, approx 900 sfUnit 4: 2 bed, 1 bath, approx 1100 sfEach unit has a detached 1 car garage.All units are currently occupied on month-to-month leases.
|
DAYS ON MARKET
|
144
|
LAST UPDATED
|
11/29/2024
|
|
YEAR BUILT
|
1963
|
COMMUNITY
|
Eastside, Circle Area
|
|
GARAGE SPACES
|
4.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Convection Oven, Disposal |
| AREA |
Eastside, Circle Area |
| CONSTRUCTION |
Stucco, Wood Siding |
| EXTERIOR |
Rain Gutters |
| GARAGE |
Garage, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
5979 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| PARKING |
Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Sewer Tap Paid |
| STORIES |
2 |
| STYLE |
Traditional |
| UTILITIES |
Cable Available,Electricity Available,Sewer Connected,Water Available |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| WATERFRONT |
Yes |
| WATERFRONT DESCRIPTION |
Ocean Side Of Freeway |
| ZONING |
LBR34 |
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Listed with Re/Max Property Connection
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/21/25 9:41 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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