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$ 1,785,000
Est. payment | /mo
11 Beds
6,512 Sqft Lot
$ 1,785,000
Est. payment | /mo
11 Beds
6,512 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID SB25229317
Bedrooms 11
Lot Size 6,512 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Absolutely enormous 1988 triplex with three huge homes on one lot in the heart of Rose Park South. Comprised of nearly 6000 rentable square feet, this rare unique property features a 3267 square foot 5 bed, 4 bath front house perfect for an owner-occupant including an attached 2 car direct access garage with laundry, huge primary suite with jacuzzi bathroom, dual vanity, vaulted ceilings, balcony, fireplace and a private back patio. Two separate townhome style rear units each with 3 beds, 2 baths, primary suites, fireplaces, laundry, balconies, and a 2 car garage for each unit. All three units have been renovated in the last few years with new vinyl flooring, cabinets, lighting, bathrooms, paint, and more. Priced to sell at under $300/sq ft in one of the best areas of the city. Move right in or maximize investment square footage. 11.6X GRM on in-place rents with an upside to 11.2X GRM. 5.6% cap rate on actuals and 5.9% cap rate on market rents. Located on a quiet street in Rose Park South, one of the best historic neighborhoods in the city. 2 blocks from Retro Row, the trendiest strip of boutiques and restaurants on 4th st. Only 6 blocks to Alamitos Beach and a short walk to Carrol Park, Bixby Park, the Long Beach Museum of Art, and so much more.
Location
State CA
County Los Angeles
Zoning Assessor
Direction East of Junipero, South of 6th
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Tax ID 7263021023
Listed by Anthony Walker Buckingham Investments, Inc
