$2,400,000
$2,400,000
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8 Beds
4 Baths
4,934 Sqft Lot
SOLD DATE : 08/01/2024
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24098190
Sold Date 08/01/24
Bedrooms 8
HOA Y/N No
Lot Size 4,934 Sqft
Property Description
Beautiful 4-Plex nestled in the Historic Bluff Park neighborhood of Long Beach, CA, 3056 E Broadway presents a rare opportunity for investors seeking a meticulously maintained income-producing property just four blocks from the beach. Comprising four tastefully renovated 2-Bed/1-Bath units, this charming property boasts a prime location and exceptional condition. Each unit has been extensively remodeled, including kitchens, bathrooms, floors and paint. Bluff Park's desirable location offers tenants easy access to the beach, parks, dining and entertainment options, making these units highly desirable in Long Beach's thriving rental market. With its strong rental demand and proximity to the beach, this property promises consisted occupancy and rental income for investors. This asset is ideal for any investor or first time home buyer due to its offering of immediate returns and long-term appreciation. Bordering Belmont Shore and located in one of Long Beach's top rental markets, this truly is a one-of-a-kind building. It is just outside the $6B of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.
Beautiful 4-Plex nestled in the Historic Bluff Park neighborhood of Long Beach, CA, 3056 E Broadway presents a rare opportunity for investors seeking a meticulously maintained income-producing property just four blocks from the beach. Comprising four tastefully renovated 2-Bed/1-Bath units, this charming property boasts a prime location and exceptional condition. Each unit has been extensively remodeled, including kitchens, bathrooms, floors and paint. Bluff Park's desirable location offers tenants easy access to the beach, parks, dining and entertainment options, making these units highly desirable in Long Beach's thriving rental market. With its strong rental demand and proximity to the beach, this property promises consisted occupancy and rental income for investors. This asset is ideal for any investor or first time home buyer due to its offering of immediate returns and long-term appreciation. Bordering Belmont Shore and located in one of Long Beach's top rental markets, this truly is a one-of-a-kind building. It is just outside the $6B of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.
Location
State CA
County Los Angeles
Area Long Beach (90803)
Zoning Assessor
Building
Lot Description Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $72
Acceptable Financing Cash, Conventional, Exchange
Space Rent $3,200
Listing Terms Cash, Conventional, Exchange
Financing Cash
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Bought with Jimmy Reed • Re/Max Coastal Homes