Bought with General NONMEMBER • NONMEMBER MRML
$1,235,000
$1,214,888
1.7%For more information regarding the value of a property, please contact us for a free consultation.
2,625 SqFt
SOLD DATE : 03/06/2024
Key Details
Sold Price $1,235,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,625 sqft
Price per Sqft $470
MLS Listing ID CRIV24022286
Sold Date 03/06/24
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1956
Lot Size 6,263 Sqft
Property Sub-Type Triplex
Property Description
MASSIVE 7 BEDROOMS AND 5 BATHS UNIT COMPLEX...ALL UNITS HAVE THEIR OWN LAUNDRY FACILITY AND ALL UNITS HAVE THEIR OWN ELECTRICAL AND GAS METERS AND SHARE A WATER METER...BEAUTIFUL RECENTLY REMODELED, UPGRADED AND BUILT 3 UNITS PROJECT JUST 2 BLOCKS WAY FROM LONG BEACH BLVD...UNITS CONSITS OF 2 SINGE FAMILY RESIDENCE TOTALLING 3 BEDROOMS AND 2 FULL BATHROOMS EACH UNIT AND A DETACHED GARAGE CONVERSION INTO ADU OF 1 BEDROOM AND 1 BATH OF ABOUT 400 SQ FT...UNITS INCLUDE NEW ROOF AND SHINGLES THROUGHOUT, NEW WINDOWS THROUGOUT, NEW PAINT ISIDE AND OUT AND TEXTURE, NEW ELECTRICAL WIRING, NEW ELECTRICAL FIXTURES, NEW ELECTRICAL PANELS, NEW GAS LINES AND GAS METERS, NEW PLUMBING THROGHOUT, NEW PLUMBING FIXTURES, NEW DRAIN SYSTEM, NEW FLOORING AND BASEBOARDS IN ALL 3 UNITS. NEW BATHROOMS (ALL 7 OF THEM), NEW KICTHENS AND GRANITE COUNTER-TOPS...TOO MUCH TOO MENTION BUT YOU GET THE IDEA... BRAND NEW UNITS FETURING A GREAT CASH FLOW TO FUTURE OWNERS WITH AN ROI OF OVER 7.5%...PRO-FORMA RENTS ARE BASED ON CITY OF LONG BEACH HOUSING AUTHORITY AND BASED ON INCOME GUIDELINES AS PER ZIP CODE AND A 3 UNIT RENTING FOR $3,550 MONTLHLY AND A 1 BEDROOM RENTING FOR $2,050.00 AS PER HOUSING AUTHORITY...SELLER INSTALLED A REAR GATE TO ALLEY ACCESS AND GRAVEL IN ORDER TO CREATE A 4 PARKING GARAGE OPEN SPACE
Location
State CA
County Los Angeles
Interior
Heating Heat Pump
Cooling Wall/Window Unit(s), Heat Pump
Flooring Laminate
Fireplace No
Appliance Tankless Water Heater
Laundry Washer, Other
Exterior
View Other, None
Handicap Access Other, See Remarks
Building
Lot Description Front Yard
Water Public
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