$1,300,000
$1,250,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
6,744 Sqft Lot
SOLD DATE : 03/02/2022
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22009684
Sold Date 03/02/22
Bedrooms 7
HOA Y/N No
Lot Size 6,744 Sqft
Property Description
Newly remodeled, no rent control, large 2 units on a huge corner lot, high yield and a quickly appreciatingneighborhood. What more could youask of a multifamily asset? All units are generously sized with two garage spaces, private laundry rooms inside each unit, open layout and plenty ofnatural light. The new owner will enjoy this fully leased property coupled trouble-free returns as each unit is equipped with separate meters for water, gas and electricity all paid by tenants. Mainhouse is two story, 5 bedrooms and 3 bathrooms with freshly remodeled interior & exterior and the other unit (ADU) is single floor, 2 bedrooms and 1 bathroom with itsown 2 car garage. Positive cash flow, healthy income stream and solid market appreciation as the area continues its upward trajectory. Easy access to the 710 and 405 freeways.
Newly remodeled, no rent control, large 2 units on a huge corner lot, high yield and a quickly appreciatingneighborhood. What more could youask of a multifamily asset? All units are generously sized with two garage spaces, private laundry rooms inside each unit, open layout and plenty ofnatural light. The new owner will enjoy this fully leased property coupled trouble-free returns as each unit is equipped with separate meters for water, gas and electricity all paid by tenants. Mainhouse is two story, 5 bedrooms and 3 bathrooms with freshly remodeled interior & exterior and the other unit (ADU) is single floor, 2 bedrooms and 1 bathroom with itsown 2 car garage. Positive cash flow, healthy income stream and solid market appreciation as the area continues its upward trajectory. Easy access to the 710 and 405 freeways.
Location
State CA
County Los Angeles
Area Long Beach (90805)
Zoning Public Rec
Interior
Cooling Central Forced Air
Building
Lot Description Corner Lot, Sidewalks
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, FHA
Space Rent $3,950
Listing Terms Cash, Conventional, FHA
Financing Conventional
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Bought with NON LISTED AGENT • San Diego