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$1,390,000   Price Analysis
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1120-1124 E Hellman St
Long Beach, CA 90813
10 bed 5 bath 3,000 SqFt ($463/SqFt)
6,969SqFt lot. Built 1923
Listed 2024-05-13, Taxes $8,001
Ⓧ USDA Ineligible
due to price & location

near Long Beach

California Dreamin' Ow n a Piece of the Future in Long Beach!

* Sale Pending *

This captivating detached fourplex offers a unique opportunity for investors and owner-occupants alike. Nestled in the heart of vibrant Downtown, Long Beach, this California Bungalow property boasts an approx. 3, 000 square feet, a fantastic walkable location near the Beach and 3 individual Garages+ The crown jewel is the stunning main house, newly built in 2017. This 4-bedroom, 2-bathroom residence offers modern living with a touch of classic California charm. Perfect for an owner-occupant, it provides a comfortable and stylish home base. But that's not all. Three additional units, each with 2 bedrooms and 1 bathroom, create a steady rental income stream. With one unit currently vacant, this property presents an ideal scenario for first-time homebuyers seeking an FHA financing option or a savvy investor looking to expand their portfolio. The cherry on top? This exceptional property resides in an Opportunity Zone, offering potentil tax benefits. Don't miss this chance to own a piece of the future in a thriving community!

Contact us today to schedule a showing.


Presented by CORAL ROMERO at
Good Opportunity Homes & Investments.
Listing Agent Photo

Property MLS #DW24096231 from CRMLS

Bedrooms: 10

Laundry Features: Gas & Electric Dryer Hookup

Full Bathrooms: 5

Lot Description: 2-5 Units/Acre, Near Public Transit
Lot Size Acres: 0.1599862
Lot Size Source: Assessor
Lot Size Square Feet: 6969

Garage Spaces: 3
Parking Features: Parking YN: Yes, Parking Features: Assigned, Garage
Parking Total: 5

Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 4
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 2
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1

Number of Units Leased: 3
Tenant Pays: All Utilities

Community Features: Biking, Curbs, Dog Park, Fishing, Urban

Source Listing Status: Pending
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 1173.00
Area: 4 - Downtown Area, Alamitos Beach
Source Neighborhood: Downtown (DT)
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 7266003007
Postal Code Plus 4: 4817
Subdivision: Downtown (DT)
Trash Expense: 616.00
Zoning: LBR2N
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$242,034 + $358,094
$600,128
$8,001
2021$237,289 + $351,073
$588,362
$7,829
2020$234,856 + $347,474
$582,330
$7,808
2019$230,251 + $340,661
$570,912
$7,718
2018$178,716 + $333,982
$512,698
$6,831
2017$175,212 + $327,434
$502,646
$6,759
2016$171,777 + $321,014
$492,791
$6,286
2015$132,597 + $316,193
$448,790
$5,611
2014$71,634 + $110,713
$182,347
$2,660
2013$71,311 + $110,213
$181,524
$2,586
2012$69,913 + $108,052
$177,965
$2,618
2010$68,543 + $105,934
$174,477
$2,495
2009$68,193 + $105,393
$173,586
$2,455
2009$68,031 + $105,143
$173,174
$2,455
2008$66,856 + $103,327
$170,183
$2,292
2007$65,546 + $101,301
$166,847
$2,216

Listed 2024-05-13
$1,390,000
CRMLS
Listing removed 2023-07-30
$0
CRMLS
Listed 2023-07-11
$1,380,000
CRMLS
Sold 2014-03-05
$440,000
Public Record
Listing removed 2014-02-11
$475,000
CRMLS
Relisted 2013-12-18
$475,000
CRMLS
Listing removed 2013-11-16
$475,000
CRMLS
Price Changed 2013-09-26
$475,000
CRMLS
Price Changed 2013-09-05
$498,000
CRMLS
Listed 2013-07-16
$550,000
CRMLS
Sold 1997-09-16
$158,000
Public Record
Sold 1986-10-17
$176,000
Public Record

Net Operating Income: 68429.00

Total Square Feet Living: 3000
Year Built: 1923
Building Features: 3
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 101
Levels or Stories: Two
Building Total Stories: 1
Structure Type: Quadruplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 4560.00
Water Source: Public

Franklin Classical Middle School is a public middle school located approximately 0.2 miles away.
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Lincoln Elementary School is a public elementary school located approximately 0.3 miles away.
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Polytechnic High School is a public high school located approximately 0.8 miles away.
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Saint Anthony High School is a private high school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.