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Key Details
Sold Price $1,235,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision ,Unknown
MLS Listing ID IV24022286
Year Built 1956
Lot Size 6,263 Sqft
Property Description
MASSIVE 7 BEDROOMS AND 5 BATHS UNIT COMPLEX...ALL UNITS HAVE THEIR OWN LAUNDRY FACILITY AND ALL UNITS HAVE THEIR OWN ELECTRICAL AND GAS METERS AND SHARE A WATER METER...BEAUTIFUL RECENTLY REMODELED, UPGRADED AND BUILT 3 UNITS PROJECT JUST 2 BLOCKS WAY FROM LONG BEACH BLVD...UNITS CONSITS OF 2 SINGE FAMILY RESIDENCE TOTALLING 3 BEDROOMS AND 2 FULL BATHROOMS EACH UNIT AND A DETACHED GARAGE CONVERSION INTO ADU OF 1 BEDROOM AND 1 BATH OF ABOUT 400 SQ FT...UNITS INCLUDE NEW ROOF AND SHINGLES THROUGHOUT, NEW WINDOWS THROUGOUT, NEW PAINT ISIDE AND OUT AND TEXTURE, NEW ELECTRICAL WIRING, NEW ELECTRICAL FIXTURES, NEW ELECTRICAL PANELS, NEW GAS LINES AND GAS METERS, NEW PLUMBING THROGHOUT, NEW PLUMBING FIXTURES, NEW DRAIN SYSTEM, NEW FLOORING AND BASEBOARDS IN ALL 3 UNITS. NEW BATHROOMS (ALL 7 OF THEM), NEW KICTHENS AND GRANITE COUNTER-TOPS...TOO MUCH TOO MENTION BUT YOU GET THE IDEA... BRAND NEW UNITS FETURING A GREAT CASH FLOW TO FUTURE OWNERS WITH AN ROI OF OVER 7.5%...PRO-FORMA RENTS ARE BASED ON CITY OF LONG BEACH HOUSING AUTHORITY AND BASED ON INCOME GUIDELINES AS PER ZIP CODE AND A 3 UNIT RENTING FOR $3,550 MONTLHLY AND A 1 BEDROOM RENTING FOR $2,050.00 AS PER HOUSING AUTHORITY...SELLER INSTALLED A REAR GATE TO ALLEY ACCESS AND GRAVEL IN ORDER TO CREATE A 4 PARKING GARAGE OPEN SPACE IN REAR....
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR1N
Rooms
Other Rooms Guest House Detached, Guest House, Two On A Lot
Interior
Heating Heat Pump
Cooling Heat Pump, Wall/Window Unit(s)
Flooring Laminate
Fireplaces Type None
Laundry Washer Hookup, Stacked
Exterior
Exterior Feature Rain Gutters
Parking Features Electric Gate, Gravel
Fence New Condition, Wood
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks
Utilities Available Sewer Connected, Water Not Available
View Neighborhood, None
Roof Type Composition
Building
Lot Description 0-1 Unit/Acre, Front Yard
Story 1
Foundation Slab
Sewer Sewer Assessment(s), Sewer Tap Paid
Water Public, None
New Construction No
Others
Acceptable Financing Cash, Conventional, FHA, Freddie Mac, Government Loan
Listing Terms Cash, Conventional, FHA, Freddie Mac, Government Loan
Special Listing Condition Standard
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Bought with KIARASH JOHN HAKIMAZFAL • WEST CAPITAL LENDING INC
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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