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Presenting a prime investment opportunity in the heart of Long Beach's vibrant Eastside neighborhood! This fully renovated 9-unit property, originally built in 1961 and beautifully updated in 2019, offers 6,706 sq ft of living space on a 6,534 sq ft lot. The complex features 2 one-bedroom/one-bath units and 7 two-bedroom/one-bath units, all meticulously renovated with modern wood-style flooring, quartz countertops, Shaker-style cabinetry, stainless steel appliances, and designer fixtures. Located just two blocks from the bustling Fourth Street/Retro Row, this property boasts excellent walkability and access to a diverse array of shops, restaurants, and entertainment. With a current NOI of $152,215 and a strong occupancy rate, this turnkey investment promises strong returns in a highly desirable location.
Property Type(s):
Residential Income
| Last Updated | 12/13/2024 | Year Built | 1961 |
|---|---|---|---|
| Community | Not Defined | Garage Spaces | 5.0 |
| County | Los Angeles |
Price History
| Prior to Dec 13, '24 | $3,200,000 |
|---|---|
| Dec 13, '24 - Today | $3,225,000 |
Additional Details
| AREA | Not Defined |
|---|---|
| GARAGE | Yes |
| LOT | 6501 sq ft |
| LOT DESCRIPTION | Paved |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
| ZONING | LBR2N |
Location
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Listed with eXp Realty of California Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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