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Key Details
Sold Price $740,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID RS15235168
Sold Date 03/24/16
HOA Y/N No
Year Built 1957
Lot Size 9,365 Sqft
Property Description
BACK ON THE MARKET DUE TO BUYER FINANCING ISSUES! Great opportunity to own 4 units in North Long Beach! Buy as an investment or live in one and use rental income to offset mortgage. All units are 100% tenant occupied. Front building features two units. One unit has 3 bedrooms, 2 baths, approx 1,534 sq. ft. (Front). Perfect for Owner or Manager's unit. Second unit features 2 bedrooms, 1 bath, approx 748 sq. ft. (Adjacent to front unit). Rear building features two units. One unit is 2 bedrooms, 1 bath, approx 616 sq. ft and second unit is a studio apartment, approx. 360 sq. ft. ALL units have single car garages and laundry hook-ups. Front building has 2 year old roof. Rear building had NEW roof installed in August 2015. NEWER water heaters in all units. Studio completely remodeled in 2015 with ceramic floor throughout, NEW dual pane, vinyl energy efficiency Anlin windows; New lower kitchen cabinets & granite counter top; New bathroom vanity, toilet, plumbing for shower. New drywall and paint. Front 3 bedroom unit had NEW electrical panel and some rewiring completed approximately 2 years ago. Rents are conservative and can be increased. NO RENT CONTROL! Conveniently located near shopping, transportation & freeways! SELLER MOTIVATED!
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Fireplace No
Exterior
Parking Features Garage, On Street
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Utilities Available Sewer Available
Total Parking Spaces 8
Private Pool No
Building
Lot Description Corner Lot, Yard
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 7124022001
Acceptable Financing Cash, Cash to New Loan, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with David DeLaTorre • David DeLaTorre Broker