Long Beach, CA 90803,3315 E 2nd ST
$1,575,000
Est. payment /mo
Est.Price: ?

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SOLD DATE : 11/18/2016

Key Details

Sold Price $1,575,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Heights (Bh)

MLS Listing ID PW16707063

Year Built 1958

Property Description

HIGHLY SOUGHT AFTER 4PLEX IN PRIME BELMONT HEIGHTS LOCATION WITH A COVETED 2ND STREET ADDRESS. All 4 units are large Sq. Ft. with open floor plans featuring walk-in closets and large bedrooms. Built in 1958, The property consists of 1- 1bed/1 bath rented for $1330 with a carport, 1- owners unit 2bed/2bath rented for $2150 with 1 garage, dining room, inside laundry room and 2nd living room. The other 2 units are both 2 bed/2bath that have been completely rehabbed with new bathrooms, new kitchen including granite counter tops! The property is in pristine condition with no deferred maintenance. Total of 3 garages and 1 carport. Onsite laundry room brings additional income. Owner pays water only. Tenants pay for all other utilities. Rents are extremely low with tons of room to raise up to market price. PRICED TO SELL BASED ON PRO-FORMA RENTS AT A 3.5CAP AND 18 X GROSS. Trophy properties like this one do not come on the market often, hurry this property will not last long!

Location

State CA

County Los Angeles

Area 2 - Belmont Heights, Alamitos Heights

Zoning LBR3S

Exterior

Parking Features Assigned

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Street Lights, Sidewalks

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kristina Moore • Main Street Realtors
Bought with Kristina Moore • Main Street Realtors

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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