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$1,200,000
Est. payment /mo
4 Beds
2 Baths
6,501 Sqft Lot
Open House
Sun Jul 05, 1:00pm - 3:00pm
Sun Jul 12, 11:00am - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26142307
Bedrooms 4
Lot Size 6,501 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
TWO-BEDROOM UNIT AVAILABLE FOR OWNER-OCCUPIED BUYER. Meticulous updates in 2018. Owner Installed ALL NEW copper plumbing throughout, fully rewired with ALL NEW electrical, breaker box and ALL NEW vinyl windows. Located in Long Beach, this well-maintained two-unit residential property totals approximately 2,416 square feet on a generous 6,501 square foot lot. Built in 1934 and zoned LBR2N, the property features two 2-bedroom/1-bath units with current scheduled gross income of approximately $62,772 and pro forma scheduled gross income of approximately $66,000. This asset presents an excellent opportunity for an owner-user or investor seeking stable rental income, rental upside, and long-term appreciation in a strong Long Beach rental market.
Location
State CA
County Los Angeles
Zoning Assessor
Direction 710 Freeway, Exit Willow St and head east on W Willow St. Continue east to Magnolia Ave, then turn right/south on Magnolia Ave.
Interior
Heating Fireplace
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7205024006
Acceptable Financing Conventional, FHA
Listing Terms Conventional, FHA
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Listed by Cameron Samimi, DRE#02035763 Lyon Stahl Investment Real Estate, Inc.
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