$1,350,000
$1,350,000
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2,176 SqFt
SOLD DATE : 09/23/2024
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,176 sqft
Price per Sqft $620
Subdivision Poly High (Ph)
MLS Listing ID PW24046763
Sold Date 09/23/24
HOA Y/N No
Year Built 1922
Lot Size 5,588 Sqft
Property Description
Now priced at an amazing price of $1,350,000. This remarkable 4-plex in Long Beach is not just another property—it's a lucrative venture waiting to be seized. Boasting an impressive gross income of $126,000 per year, this gem stands out as one of the most profitable 4-unit properties on the market.
Here's what makes this property truly exceptional:
Brand New ADU with EV Charging: Built with precision in 2023, this additional dwelling unit offers modern amenities and the convenience of electric vehicle charging—a forward-thinking feature that adds significant value.
Diverse Rental Portfolio: With one fully operating Airbnb unit and three fully furnished units catering to traveling nurses on short-term rentals, this property offers a versatile income stream. While all units can be delivered vacant upon request, the substantial income generated makes it an enticing proposition to retain the existing tenants.
Modern Comforts: Each unit is equipped with its own washer and dryer, along with brand new appliances, ensuring convenience and quality living for tenants.
Ample Parking: Say goodbye to parking woes with generous off-street parking, providing convenience for both residents and guests.
Comfortable Living Spaces: Enjoy year-round comfort with AC mini-splits installed in all four units, ensuring a pleasant environment regardless of the season.
Comprehensive Renovation: With new electrical, plumbing, windows, and smooth stucco, this property has undergone a full remodel and rebuild in 2023. From top to bottom, every detail has been meticulously crafted to offer a turnkey, move-in ready experience. Say goodbye to maintenance headaches—this property promises hassle-free ownership.
Don't miss out on this rare opportunity to own a high-income-generating property that's not only profitable but also meticulously designed for long-term success. Whether you're a seasoned investor or new to the market, this 4-plex offers an unparalleled combination of income potential and modern amenities—a truly exceptional investment opportunity in Long Beach.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBPD25
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Ductless
Cooling Ductless
Flooring Vinyl
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Driveway
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
View Y/N No
View None
Parking Type Driveway
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction Yes
Others
Senior Community No
Tax ID 7209003024
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Shalonda Chappel • The Chappel Agency
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "