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Don't miss out on this excellent investment opportunity!!! Compound housing that consists of 3 structures with a total of 5 units that have been completely remodeled and furnished from top to bottom making it comfortable and welcoming stay for all tenants and guests. EVERTHING on the property is new!!! New roof, new flooring, new plumbing, new electric...everything! The property is very safe and secure offering an ADT and camera system, flood lights, and security gates. All units are individually metered for electric, water, gas, and have their own mini-split system for heating and cooling. This property is energy efficient, so the monthly expenses are extremely low! Other amenities include tankless water heaters, electric car chargers, private outdoor patio space, parking, and high-speed Wi-Fi. The 3bed/2bath is currently permitted for Airbnb which is the perfect opportunity for short term rentals with little to no vacancy ratio. Located within walking distance to St. Mary's Hospital where more than 50% of the employees are traveling from out of state. No need to worry about rent control! The income is approximately $15,000 a month for short term rentals. This location is within a 15-minute walking distance to popular Long Beach tourist attractions which include the Convention Center, Shoreline Village, Aquarium of the Pacific, Queen Mary, Pine St, beach, restaurants, and much more.
Last Updated | 8/22/2024 | Tract | Downtown (DT) |
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Year Built | 1963 | Community | Downtown Area, Alamitos Beach |
County | Los Angeles |
Price History
Prior to Jul 31, '24 | $1,900,000 |
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Jul 31, '24 - Aug 1, '24 | $1,850,000 |
Aug 1, '24 - Aug 22, '24 | $1,799,999 |
Aug 22, '24 - Today | $1,675,000 |
Additional Details
AIR | Ductless |
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AIR CONDITIONING | Yes |
APPLIANCES | Dishwasher, Dryer, Gas Oven, Washer |
AREA | Downtown Area, Alamitos Beach |
HEAT | Ductless |
HOA DUES | 0 |
INTERIOR | All Bedrooms Down |
LOT | 6517 sq ft |
LOT DESCRIPTION | Front Yard |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 1 |
SUBDIVISION | Downtown (DT) |
UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
WATER | Public |
Location
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