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Listed by Michael Domino • Coldwell Banker Realty
$ 2,050,000
Est. payment /mo
Active Under Contract
1671 Park Avenue Long Beach, CA 90815
4,134 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,134 sqft
Price per Sqft $495
MLS Listing ID CRPW25046983
HOA Y/N No
Year Built 1949
Lot Size 7,648 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
No rent control! 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. The other two units consist of a two-bedroom, two-bath unit, and a one-bedroom, two-bath unit. All units, including the house 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 Junior ADU 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!
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Central Air
Flooring Wood
Fireplace No
Appliance Tankless Water Heater
Laundry Dryer, Gas Dryer Hookup, Washer, Other, Inside
Building
Lot Description Other
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