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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,176 sqft
Price per Sqft $620
MLS Listing ID CRPW24046763
Sold Date 09/23/24
Bedrooms 3
HOA Y/N No
Year Built 1922
Lot Size 5,588 Sqft
Acres 0.13
Property Description
Now priced at an amazing price of $1,350,000. This remarkable 4-plex in Long Beach is not just another property—it's a lucrative venture waiting to be seized. Boasting an impressive gross income of $126,000 per year, this gem stands out as one of the most profitable 4-unit properties on the market. Here's what makes this property truly exceptional: Brand New ADU with EV Charging: Built with precision in 2023, this additional dwelling unit offers modern amenities and the convenience of electric vehicle charging—a forward-thinking feature that adds significant value. Diverse Rental Portfolio: With one fully operating Airbnb unit and three fully furnished units catering to traveling nurses on short-term rentals, this property offers a versatile income stream. While all units can be delivered vacant upon request, the substantial income generated makes it an enticing proposition to retain the existing tenants. Modern Comforts: Each unit is equipped with its own washer and dryer, along with brand new appliances, ensuring convenience and quality living for tenants. Ample Parking: Say goodbye to parking woes with generous off-street parking, providing convenience for both residents and guests. Comfortable Living Spaces: Enjoy year-round comfort with AC mini-splits installed in all fo
Location
State CA
County Los Angeles
Area Listing
Zoning LBPD
Interior
Cooling Other
Flooring Vinyl
Fireplace No
Laundry Inside
Exterior
Exterior Feature Other
Utilities Available Sewer Connected
View Y/N false
View None
Parking Type Other
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 7209003024
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with ShalondaChappel