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Investor’s Dream Opportunity – Seasoned or First-Time Multifamily BuyersDiscover the perfect investment opportunity with this fantastic and highly sought-after four-plex in Long Beach, conveniently located near the Outer Traffic Circle. This property offers a variety of attractive features, including:Front House: Spacious 3-bedroom, 2-bath home with huge dining room, living room, and newly remodeled showers.Additional Units: Three large 2-bedroom units, each with easy access to a community courtyard, open space and laundry room.Parking & Storage: Every unit includes an assigned private garage.Recent Upgrades: Both showers in the front until have been remodeled, roof was replaced approx. 6 years ago.Convenience: Individually metered for electricity and gas.Built in the 1960s, and not many opportunities for a four-plex in this area, this property includes spacious courtyard and secure, income generating community laundry room with shared machines and separate garages. Both showers in the front unit have been remodeled. Prime Location: Just blocks from Alamitos and Junipero Beaches, and close to California State University Long Beach, the 2nd & PCH shopping center, Long Beach Exchange, The Hangar, golf courses, parks, and public transit.Rental Potential: All units are well under current market rates. Opportunity to increase NOI immediately.Don’t miss this rare chance to own a versatile multifamily property in a high-demand area. Contact agent today for more details! Unit 1: 3 bed, 2, bath, approximately 1300 sfUnit 2: 2 bed 2 bath, approximately 1000 sfUnit 3: 2 bed 1 bath, approx 900 sfUnit 4: 2 bed, 1 bath, approx 1100 sfEach unit has a detached 1 car garage.All units are currently occupied on month-to-month leases.
Property Type(s):
Residential Income
| Last Updated | 11/29/2024 | Year Built | 1963 |
|---|---|---|---|
| Community | Eastside, Circle Area | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Convection Oven, Disposal |
| AREA | Eastside, Circle Area |
| CONSTRUCTION | Stucco, Wood Siding |
| EXTERIOR | Rain Gutters |
| GARAGE | Garage, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | Ceiling Fan(s) |
| LOT | 5979 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| SEWER | Sewer Tap Paid |
| STORIES | 2 |
| STYLE | Traditional |
| UTILITIES | Cable Available,Electricity Available,Sewer Connected,Water Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Ocean Side Of Freeway |
| ZONING | LBR34 |
Location
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Listed with Re/Max Property Connection
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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