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Vikas Shah

vikas@findbayhomes.com +1(408) 650-3463

Listed by Nhat Nguyen, DRE #02254340 • Villa Real Estate Partners Inc

$ 1,549,800

Est. payment | -/mo

6,089 Sqft Lot

Save

$ 1,549,800

Est. payment | -/mo

Save

6,089 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26096551

Style Cottage,Ranch

Year Built 1939

Lot Size 6,089 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

(4) unit multi-family building in Long Beach, CA. The building features unit mix of (1) 3 Bed/1 Bath unit and (3) 1 Bed/1 Bath units stretching across 2,800+/- rentable square feet. This stabilized asset offers tremendous opportunity for 1031 exchange buyers looking to increase their cash flow on Day 1. Further, a substantial portion of Rental Income of rents secured by Section 8 Vouchers by Housing Assistant Long Beach Minimizing risk and providing reliable cash flow, so the uncertainty of future rent moratoriums will significantly reduce the likelihood of lost revenue. The property also includes on site Washer and dryer laundry. **Front Units will be vacant and great for Owner Occupy One Units and Rents Out Others 3 Already Rented with Housing of Long Beach. The building is in excellent condition, and all (4) units have been extensively remodeled with professional grade finishes. In addition, the gated entry ensures secured access to the property. The property is located within close proximity to many retail, dining, and entertainment options that greatly benefit the tenant mix. This is an investment with strong existing cash flow and minimal maintenance required which is add this solid asset to your rental portfolio. Sellers is Real Estate License in state of California. AL

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Rooms

Kitchen Dishwasher, Oven Range - Gas

Interior

Heating Electric

Cooling None

Flooring Laminate

Laundry Laundry Area

Exterior

Parking Features No Parking

Pool 31, None

View None

Roof Type 2

Building

Story One Story, Split Level

Foundation Concrete Perimeter

Water District - Public

Architectural Style Cottage, Ranch

Others

Tax ID 7125015029

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(408) 650-3463

vikas@findbayhomes.com

2445 Augustine Dr, Santa Clara, CA 95054, USA

486 E Adair Long Beach, CA 90805

Vikas Shah

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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486 E Adair