Long Beach, CA 90806,1967 Atlantic AVE
Long Beach, CA 90806,1967 Atlantic AVE
Long Beach, CA 90806,1967 Atlantic AVE
Long Beach, CA 90806,1967 Atlantic AVE
Long Beach, CA 90806,1967 Atlantic AVE
Long Beach, CA 90806,1967 Atlantic AVE
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$1,350,000

$1,350,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Juan Huizar • Sage Real Estate • 562-307-0838
Bought with Shalonda Chappel • The Chappel Agency
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28391 Sheridan Dr, Niguel, California, 92677, United States

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