Great 4-plex in North Long Beach tucked on a tree lined street with 3,609 rentable square feet on a 7,534 square foot lot. Excellent unit mix with a front stand-alone 2 bed/1 bath house featuring original hard wood flooring along with laundry hookups in the kitchen plus two back… Read More town house style units (2 bed/1.5 bath and 2 bed/2 bath) and a 4th apartment (2 bed/1 bath). Strong in-place income with an 11.9 GRM and a 4.5% cap rate with a 19.4% upside to rents and a market cap rate of 5.9%. (4) separate garages for off-site parking, additional income, or ADU potential.
Easy access to the 710 freeway being just blocks away. Less than a mile from Bixby Knolls dining and shopping. Walkable immediate neighborhood, just blocks from The Pan, CVS, and McDonald’s, and other retail. Read Less
Property listed by Buckingham Investments, Inc, Anthony Walker 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Property Type
Quadruplex
Lot Size
0.17 Acres
Year Built
1963
MLS Number
SB26098969
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Appliances & Equipment
WaterHeater
Building
Built in 1963, 3 buildings, Building faces West, 2 stories, Levels: Two, Entry level: 1, Entry location: 1, Construction Materials: Stucco
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, Standard, 4 separate electric meters, 4 separate gas meters
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Based on information from California Regional Multiple Listing Service, Inc. as of 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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