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Incredible investment opportunity in the Circle area of Long Beach. The property comprises a two-bed, two-bath single-family residence (owner occupied) and the recently built multi-family triplex. The tri-plex was completed in 2015. Each unit is highly spacious and has the custom feel and appearance more of a condominium than an apartment. The three units consist of a two-story, three-bed, three-bath, of which the lower bedroom has been converted into a studio apartment with a kitchenette. The other two units consist of a two-bedroom, two-bath unit, and a one-bedroom, two-bath unit. All units, including the house (except the studio), have two-car garage parking. Each unit has a built-in laundry, a tankless water heater, central air, a private balcony, and a separate electrical, gas, and water meter. In addition to the three units, an adjacent common area bonus room is plumbed with a kitchenette and could easily be converted into an additional studio rental unit. The single-family residence has been re-modeled, and the roof on both structures is less than ten years of age. This is a substantial area for rental income, and this property delivers!
Property Type(s):
Residential Income
| Last Updated | 3/3/2025 | Tract | Circle (CA) |
|---|---|---|---|
| Year Built | 1949 | Community | Eastside, Circle Area |
| Garage Spaces | 8.0 | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Tankless Water Heater, Washer |
| AREA | Eastside, Circle Area |
| GARAGE | Garage Faces Front, Yes |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Up, Balcony, Ceramic Counters, Granite Counters, High Ceilings |
| LOT | 7648 sq ft |
| LOT DESCRIPTION | Rectangular Lot, Walkstreet |
| PARKING | Garage Faces Front |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Contemporary |
| SUBDIVISION | Circle (CA) |
| UTILITIES | Electricity Connected |
| WATER | Public |
| ZONING | LBR4R |
Location
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Listed with Coldwell Banker Realty
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