$1,525,000
$1,600,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
4 Baths
4,099 Sqft Lot
SOLD DATE : 11/22/2021
Key Details
Sold Price $1,525,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21155480
Sold Date 11/22/21
Bedrooms 12
HOA Y/N No
Lot Size 4,099 Sqft
Property Description
There are a ton of great income properties out there, but the income of 126 E. Eagle soars high above the rest. This 4-unit building has one of the highest income potentials of any small apartment building on the market, generating over $115,000 annually . The property has a great unit composition of four 3 Bedroom / 1 Bathroom units, each with over 1,000 SF. Eliminate the stress of whether the tenants are going to pay their rent, as these rents are guaranteed by the Housing Authority of Long Beach, who routinely inspects to ensure the property is being cared for.
There are a ton of great income properties out there, but the income of 126 E. Eagle soars high above the rest. This 4-unit building has one of the highest income potentials of any small apartment building on the market, generating over $115,000 annually . The property has a great unit composition of four 3 Bedroom / 1 Bathroom units, each with over 1,000 SF. Eliminate the stress of whether the tenants are going to pay their rent, as these rents are guaranteed by the Housing Authority of Long Beach, who routinely inspects to ensure the property is being cared for.
Location
State CA
County Los Angeles
Area Long Beach (90806)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, Exchange, VA
Space Rent $1,954
Listing Terms Cash, Conventional, Exchange, VA
Financing Exchange
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Bought with Tammie Holley • Gibson Realty