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Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID DW21243543
Sold Date 03/10/22
HOA Y/N No
Year Built 1963
Lot Size 4,813 Sqft
Property Description
Great Investment Opportunity for your 1031 Exchange Clients ~ Quadruplex features: 4 / 2 Bedroom, 1 bath well. maintained units . inside washer / dryer hook ups, updated kitchen cabinets with granite counter tops!
All tenants are Section 8 tenants, remained current during housing moratorium and are on a month to month lease which are scheduled for rent increase of $345.00 by February 1, 2022.
Unit A $1640 5% applicable increase mid year
Unit B $1757 due for 5% increase of $105, Feb 1st, 2022
Unit C $1902 due for 5% increase of $114, Jan 1st, 2022
Unit D $1750 5% applicable increase mid year
Landlord pays Water & Trash, Tenants pay all other utilities!
Centrally located near 91, 710, 110 & 605 FWY
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR1N
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry In Kitchen, See Remarks
Exterior
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7120010028
Acceptable Financing Cash, Cash to Existing Loan, Conventional, FHA
Listing Terms Cash, Cash to Existing Loan, Conventional, FHA
Financing Conventional
Special Listing Condition Standard
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Bought with Leticia Rivera • RE/MAX Estate Properties
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