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Key Details
Sold Price $1,235,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision ,Unknown
MLS Listing ID IV24022286
Sold Date 03/06/24
Construction Status Termite Clearance,Turnkey
HOA Y/N No
Year Built 1956
Lot Size 6,263 Sqft
Property Description
MASSIVE 7 BEDROOMS AND 5 BATHS UNIT COMPLEX...ALL UNITS HAVE THEIR OWN LAUNDRY FACILITY AND ALL UNITS HAVE THEIR OWN ELECTRICAL AND GAS METERS AND SHARE A WATER METER...BEAUTIFUL RECENTLY REMODELED, UPGRADED AND BUILT 3 UNITS PROJECT JUST 2 BLOCKS WAY FROM LONG BEACH BLVD...UNITS CONSITS OF 2 SINGE FAMILY RESIDENCE TOTALLING 3 BEDROOMS AND 2 FULL BATHROOMS EACH UNIT AND A DETACHED GARAGE CONVERSION INTO ADU OF 1 BEDROOM AND 1 BATH OF ABOUT 400 SQ FT...UNITS INCLUDE NEW ROOF AND SHINGLES THROUGHOUT, NEW WINDOWS THROUGOUT, NEW PAINT ISIDE AND OUT AND TEXTURE, NEW ELECTRICAL WIRING, NEW ELECTRICAL FIXTURES, NEW ELECTRICAL PANELS, NEW GAS LINES AND GAS METERS, NEW PLUMBING THROGHOUT, NEW PLUMBING FIXTURES, NEW DRAIN SYSTEM, NEW FLOORING AND BASEBOARDS IN ALL 3 UNITS. NEW BATHROOMS (ALL 7 OF THEM), NEW KICTHENS AND GRANITE COUNTER-TOPS...TOO MUCH TOO MENTION BUT YOU GET THE IDEA... BRAND NEW UNITS FETURING A GREAT CASH FLOW TO FUTURE OWNERS WITH AN ROI OF OVER 7.5%...PRO-FORMA RENTS ARE BASED ON CITY OF LONG BEACH HOUSING AUTHORITY AND BASED ON INCOME GUIDELINES AS PER ZIP CODE AND A 3 UNIT RENTING FOR $3,550 MONTLHLY AND A 1 BEDROOM RENTING FOR $2,050.00 AS PER HOUSING AUTHORITY...SELLER INSTALLED A REAR GATE TO ALLEY ACCESS AND GRAVEL IN ORDER TO CREATE A 4 PARKING GARAGE OPEN SPACE IN REAR....
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR1N
Rooms
Other Rooms Guest House Detached, Guest House, Two On A Lot
Interior
Interior Features Ceiling Fan(s), Furnished
Heating Heat Pump
Cooling Heat Pump, Wall/Window Unit(s)
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Free-Standing Range, Gas Oven, Gas Range, Tankless Water Heater, Washer
Laundry Washer Hookup, Stacked
Exterior
Exterior Feature Rain Gutters
Garage Electric Gate, Gravel
Fence New Condition, Wood
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks
Utilities Available Sewer Connected, Water Not Available
View Neighborhood, None
Roof Type Composition
Accessibility Parking, See Remarks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Front Yard
Story 1
Entry Level One
Foundation Slab
Sewer Sewer Assessment(s), Sewer Tap Paid
Water Public, None
Architectural Style Contemporary
Level or Stories One
Additional Building Guest House Detached, Guest House, Two On A Lot
New Construction No
Construction Status Termite Clearance,Turnkey
Others
Senior Community No
Tax ID 7132010040
Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA, Freddie Mac, Government Loan
Listing Terms Cash, Conventional, FHA, Freddie Mac, Government Loan
Financing Conventional
Special Listing Condition Standard
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Bought with KIARASH JOHN HAKIMAZFAL • WEST CAPITAL LENDING INC
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692