$1799000 Price Analysis   ♡   Long Beach, CA 90804 12 bed 6 bath 4620 SqFt ($389/SqFt) 6486SqFt lot. Built 1958 Listed 2024-07-10, Taxes $16596 | Ⓧ USDA Ineligible due to price & location near Long Beach |
Investment Opportunity in Prime Long Beach Location.
* Sale Pending *We are excited to present an exceptional investment opportunity in the highly sought-after Long Beach area. This well-maintaind property comprises six spacious, unfurnished units, each offering 2 bedrooms and 1 bathroom with approximately 770 square feet of living space and well over $120K in renovations and upgrades. The total building area is 4, 620 square feet, situated on plenty of 6, 486 square feet. Key Features: Fully Occupied Units: All six units are currently occupied, ensuring immediate and steady rental income.Desirable Layout: Each unit features 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces.
Enclosed Yard: Tenants enjoy the added benefit of an enclosed yard, enhancing the property's appeal. Prime Location: The property is ideally located near amenities, schools and transportation. Rent Controlled: The property operates under rent control, offering stability and predictability in rental income. This investment offers a combination of reliable income and the potential for long-term appreciation in a coveted area. Great long term tenants, low maintenance. Don't miss out on this outstanding opportunity to bolster your investment portfolio with this bread and butter 6-unit residential income property.
Presented by Monica Yekani at
The Beverly Hills Estates.
Property MLS #SR24139942 from CRMLS
Road Frontage Type: City Street
Road Surface Type: Paved
Lot Size Acres: 0.1488981
Lot Size Source: Assessor
Lot Size Square Feet: 6486
Parking Total: 12
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Gardener Expense: 1440.00
Maintenance Expense: 1200.00
Rent Control: Yes
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 4100.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
Number of Separate Electric Meters: 6
Number of Separate Gas Meters: 6
Parcel Number: 7260017021
Postal Code Plus 4: 1436
Trash Expense: 1200.00
Zoning: LBR2N
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $683400 + $612000 $1295400 | $16596 |
| 2021 | $84678 + $25342 $110020 | $2435 |
| 2020 | $83810 + $25083 $108893 | $2427 |
| 2019 | $82167 + $24592 $106759 | $2401 |
| 2018 | $80556 + $24110 $104666 | $2237 |
| 2017 | $78977 + $23638 $102615 | $2213 |
| 2016 | $77429 + $23175 $100604 | $2046 |
| 2015 | $76266 + $22827 $99093 | $1986 |
| 2014 | $74773 + $22380 $97153 | $2011 |
| 2013 | $74436 + $22279 $96715 | $1965 |
| 2012 | $72977 + $21843 $94820 | $1977 |
| 2010 | $71547 + $21415 $92962 | $1893 |
| 2009 | $71182 + $21306 $92488 | $1830 |
| 2009 | $71013 + $21255 $92268 | $1830 |
| 2008 | $69787 + $20889 $90676 | $1715 |
| 2007 | $68419 + $20480 $88899 | $1627 |
$0
CRMLS
Listed 2024-07-10
$1799000
CRMLS
Price Changed 2024-06-06
$1699000
CRMLS
Listed 2024-05-27
$1799000
CRMLS
Sold 2021-01-15
$1270000
CRMLS
Sold 1973-05-02
$50000
Public Record
Year Built: 1958
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: ground
Property Age: 66
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Commercial/Residential
House Style: Traditional
Year Built Source: Assessor
Electric Expense: 1200.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 2770.00
Cable Available
Electricity Connected
Natural Gas Available
Sewer Connected
Water Connected
Water Source: Public
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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.