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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW24080313
Year Built 1909
Annual Tax Amount $7,736
Lot Size 7,531 Sqft
Property Description
Great Investment! Rarely on the market MIX USE PROPERTY in the The 4th Street Corridor, also known as Retro Row district. 3 Residential Units plus 1 commercial unit currently used as a restaurant (Jerry's Breakfast Place). Commercial Unit has a storage unit that is in the rear of restaurant. Front house is a Large 2 story 3bedrooms -1bathroom house. Attached is a non conforming 1 bedroom/ 3/4 bath unit that was present from inception of current ownership; Unit can possibly be converted to ADU. Detached back house is also a Large 1bedroom-1bathroom with dinning area, front yard and backyard; this house has room to add additional square footage possibly turning into a 2 bedroom and also converting the garage into a Junior ADU. Please verify with city of Long Beach. These units have a 5 car garage off alley. Central courtyard for entertaining. A few blocks to the ocean. Live in one unit and let the other units help cover your mortgage. Freshly painted, quiet area, great neighborhood! A Rare find.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBCNR
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Laundry Washer Hookup, Inside
Exterior
Parking Features Garage
Garage Spaces 5.0
Garage Description 5.0
Fence Wrought Iron
Pool None
Community Features Urban
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Roof Type Shingle
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard, Trust
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Bought with Jim Chhun • First American Team Realty Inc
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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