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$1,399,000
Est. payment /mo
7 Beds
7 Baths
5,014 Sqft Lot
Open House
Sun Apr 26, 2:00pm - 5:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26069198
Bedrooms 7
Lot Size 5,014 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Two fully reimagined detached homes on a single lot this is the rare Long Beach opportunity buyers have been waiting for. 901 E 10th St offers a spacious 4-bedroom, 3.5-bath residence, while 1014 Myrtle delivers a well-appointed 3-bedroom, 2-bath home each completely rebuilt from the ground up with all-new plumbing, electrical, roofing, kitchens, bathrooms, hardscape, landscaping, and decking. Both homes feature new AC and heating systems, tankless water heaters, and dual-pane windows throughout plus off-street parking for each residence. Two separate homes. Zero deferred maintenance. Total turnkey. Currently operating as a high-performing short-term rental, the property has generated over $10,000/month in gross income during peak periods making it equally compelling for owner-occupants looking to offset their mortgage, multi-generational families who want space without sacrificing proximity, or investors seeking a proven income asset. And the upside doesn't stop there. The property also includes a 600 SF commercial storefront, and comes with city-approved, Ready-to-Issue plans to convert the space into two ADUs one on the ground floor and one above. The permitting groundwork is done, putting the next buyer in an exceptional position to add two additional income-producing units with minimal friction. Located in Long Beach's active redevelopment corridor and steps from public transit, this is a genuine long-term wealth-building asset with the hard work already done. Live in one. Lease the others. Build generational wealth from there.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Myrtle Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7274010013
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
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Listed by Jeff Anderson, DRE#01729514 eXp Realty of California Inc
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