Exceptional Investment Opportunity in Prime Long Beach Location! Low-maintenance property, ideal for both new and seasoned investors for adding to their real estate portfolio. This fourplex features 1 bedroom & 1 bath unit, 4 bedroom & 2 bath unit with garage, 3 bedroom & 2 baths unit with… Read More garage, and 3 bedroom & 1 bath unit, a well mixture of unit sizes to maximize the income possibility, and generating an impressive annual gross income of $132,000, boasting one of the most profitable fourplexes on the market. This property has undergone a remodel in 2021 with attention to detail to offer an added value to the property. Conveniently located close to stores, restaurants, public transportation, and easy access to the Pacific Coast Hwy and freeways, this is a property that delivers a perfect opportunity for immediate cash flow! Read Less
Property listed by Pinnacle Real Estate Group, Xinyao Ren 626-624-9072
Listing Snapshot
Days Online
34
Last Updated
Property Type
Quadruplex
Lot Size
0.07 Acres
Year Built
1963
MLS Number
OC25029958
30 Days Snapshot Of 90804
$618k
0%
(avg) sold price
8
-11%
homes sold
105
+32%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: CityStreet
Building
Built in 1963, Building area total: 3,658, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Community
StreetLights, Sidewalks
Cooling
None
Expenses
Insurance expense: $1,300, Operating expense: $22,995, Trash expense: $2,640, Water sewer expense: $1,824, Other expense: $16,631
Fireplaces
Outside
Floors
Laminate
Garage
2 spaces
Heating
NaturalGas
Income
Gross income: $132,000, Net operating income: $114,405
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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