Long Beach, CA 90814,4018 E Vermont ST
Long Beach, CA 90814,4018 E Vermont ST
Long Beach, CA 90814,4018 E Vermont ST
$1,495,000
Est. payment /mo
Est.Price: ?

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6 Beds
6 Baths
3,096 SqFt
SOLD DATE : 09/07/2022

Key Details

Sold Price $1,495,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,096 sqft

Price per Sqft $482

Subdivision Belmont Heights (Bh)

MLS Listing ID PW22135714

Bedrooms 6

Full Baths 6

Year Built 1922

Lot Size 6,747 Sqft

Property Description

Great Investor or occupant property w great mix 3/3 2/2 1/1 large units, low overhead (owner only pays water, sewer, minor gardening -all drought resistant) excellent parking and common area. With one vacancy currently, 2 long term 5 and 13 yr tenants are month to month, no rent increases for over a year, this will be operate at market rents asap w GRM 14.48x, $8600 per month, Current GRM 17.4x. The perfect opportunity in Prime Belmont Heights for owner occupant or Investor. Currently 2/1.5 Cottage and 2 attached units w 1/1 and 3/3 (includes garage) or easily covert to 2 2/2s, or a 4 bd home.. A premium location across from the elementary school offering a steady renter pool. This is turnkey well maintained asset with separate utilities and water heaters, private laundries in each unit, a 1.5 car garage, 4-6 car parking, common courtyard for bbq, gazebo, and a variety of improvements to roof, foundations, windows, kitchens and bathrooms, electric breakers and lighting, copper plumbing, etc. LIVE in one unit or detached rear home w private yard, forced air heat and parking, while rent from the duplex pays the expenses and mortgage. Proforma is based on market rents.

Location

State CA

County Los Angeles

Area 2 - Belmont Heights, Alamitos Heights

Interior

Heating Floor Furnace

Cooling None

Fireplaces Type None

Laundry Inside

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Curbs

View Y/N No

View None

Building

Lot Description Yard

Story Two

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Long Beach Unified

Others

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Roland • Coldwell Banker Realty
Bought with Renee Lawler • So Cal Dwell

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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