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Key Details
Sold Price $1,695,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,364 sqft
Price per Sqft $503
Subdivision Bixby Knolls
MLS Listing ID PW-21255999
Year Built 1929
Lot Size 0.291 Acres
Property Description
The subject property is located at the prime Bixby Knoll location in Long Beach. It is surrounded by million-dollar single family homes. The average household income exceeds $110,000 within one mile of the property. It is only minutes from the prestigious Virginia Country club, Steelcraft, Trader Joes and retail and restaurants. The triplex property is consisted of 3 Bedroom 2 Bath house in the front and a 2 Bedroom 1 Bath unit and a 1 Bedroom 1 Bath unit in the back. It is nicely layout with plenty of open spaces on a rare to find extra-large 12,692 sqft lot. Each unit has its own private yards. Due to the size of the land, an astute investor may find great value added opportunities through redevelopment or adding ADUs to the property(please check with the city). There are also tremendous upside in the rent and better management in expenses. The owner pays for the gas and water for the 2 Bedroom unit. The 1 Bedroom 1 Bath unit is an all electricity unit and the electricity is paid by the tenant. The 3 Bedroom 2 Bath room front house tenant also pay for its own utilities including water. There are 3 garage parking space and 1 open parking space. The property was built in 1929 with a few upgrades (electricity & plumbing) and additions throughout the year. Broker/Agent does not guarantee the accuracy of square footage, unit type, lot size, ordinances, zoning, permits, use code, concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information.
Location
State CA
County Los Angeles
Zoning LBR1N
Interior
Heating Wall Furnace
Laundry In Garage
Exterior
Parking Features Gated
Garage Spaces 3.0
Pool None
Community Features Urban
Utilities Available Sewer Available, Electricity Available, Natural Gas Available
Building
Lot Description Front Yard, Garden, Lot 10000-19999 Sqft, Back Yard
Sewer Public Sewer
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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