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Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24167088
Sold Date 10/04/24
Bedrooms 4
HOA Y/N No
Lot Size 6,502 Sqft
Property Description
Two homes on a lot plus a brand new 1bd/1bth ADU unit, 3 separate structures. The property is on a large 6,502 SF lot and is comprised of a Spanish style 2bd/1bth home, 1bd/1bth home in rear, and new 1bd/1bth ADU unit. Both the front 2bd/1bth home and rear 1bd/1bth house are currently rented, and eligible for 8.9% rent increases, bringing their rents to $2,130 and $1,535, new ADU unit currently vacant but market rent should be $1,795-$1,895. The home features beautiful hardwood, granite counter tops, and lots of classic charm. The brand new all electric ADU unit features new Milgard Tuscany windows, vinyl plank flooring, custom bathroom with tile surround, spacious bedroom with mini split HVAC. There is ample outdoor space for all the units. Large yard behind the front house, and another large yard behind both the 1bd/1bth house and 1bd/1bth ADU unit. New 400 amp 3 gang panel. This is a great opportunity for Investor or Owner Occupant. Located around the corner from Compound LB (art gallery and restaurant).
Two homes on a lot plus a brand new 1bd/1bth ADU unit, 3 separate structures. The property is on a large 6,502 SF lot and is comprised of a Spanish style 2bd/1bth home, 1bd/1bth home in rear, and new 1bd/1bth ADU unit. Both the front 2bd/1bth home and rear 1bd/1bth house are currently rented, and eligible for 8.9% rent increases, bringing their rents to $2,130 and $1,535, new ADU unit currently vacant but market rent should be $1,795-$1,895. The home features beautiful hardwood, granite counter tops, and lots of classic charm. The brand new all electric ADU unit features new Milgard Tuscany windows, vinyl plank flooring, custom bathroom with tile surround, spacious bedroom with mini split HVAC. There is ample outdoor space for all the units. Large yard behind the front house, and another large yard behind both the 1bd/1bth house and 1bd/1bth ADU unit. New 400 amp 3 gang panel. This is a great opportunity for Investor or Owner Occupant. Located around the corner from Compound LB (art gallery and restaurant).
Location
State CA
County Los Angeles
Area Long Beach (90804)
Zoning Assessor
Building
Lot Description Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $49
Acceptable Financing Cash
Space Rent $1,960
Listing Terms Cash
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Bought with Spencer Pabst • Pabst, Kinney & Associates
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "