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$1,425,000   Price Analysis
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2123 W Columbia St
Long Beach, CA 90810
8 bed 8 bath 3,338 SqFt ($426/SqFt)
9,278SqFt lot. Built 1946
Listed 2024-04-04, Taxes $9,321
Ⓧ USDA Ineligible
due to price & location

near Long Beach

MOTIVATED SELLER!!

$130k Price Reduction in the first 60 days. Prime investment opportunity! Situated on a tranquil cul-de-sac and within walking distance to Steven's Middle School, this meticulously maintained property offers four updated units, comprised of a diverse unit mix of (1) 3bd 1.5ba owners unit (1) 2bd 1.5 bath (3) 1bd 1ba and (1) studio. Recent upgrades include updated plumbing, electrical, water heater(s), wall heater(s) and interior renovations.

The large driveway offers plenty of off street parking for the tennts. This excellent value-add opportunity boasts over 50% upside in income potential. Additional income is available with a coin-operated laundry room with a $200 monthly revenue potential. Priced attractively at $237, 500/ unit, this investment gem is a rare find in Long Beach. Don't miss out on the chance to secure a lucrative investment property with strong tenant demand and substantial income growth potential.


Presented by Christopher Crosby at
Buckingham Investments, Inc.


Property MLS #SB24066151 from CRMLS

Bedrooms: 8

All Bedrooms Down

Laundry Features: Common Area, Community, Dryer Included, Washer Hookup, Washer Included

Cooling Features: Wall/Window Unit(s)
Heating Features: Wall Furnace
Heating: Yes

Full Bathrooms: 8

Lot Description: Back Yard, Cul-De-Sac, Front Yard, Garden, Lawn, Park Nearby, Yard
Lot Size Acres: 0.2129936
Lot Size Source: Assessor
Lot Size Square Feet: 9278

Parking Total: 9

View: Neighborhood, Park/Greenbelt

Number of Units: 6
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 6
Vacancy Allowance: 2794
Rent Control: Yes

Community Features: Biking, Park, Street Lights, Suburban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 5007.00
Area: 11 - Westside
Source Neighborhood: Westside/North of Willow (WNW)
Number of Separate Electric Meters: 6
Number of Separate Gas Meters: 6
Number of Separate Water Meters: 1
Parcel Number: 7314014019
Postal Code Plus 4: 2917
Professional Management Expense: 4935.00
Subdivision: Westside/North of Willow (WNW)
Trash Expense: 2160.00
Zoning: LBR1N
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$346,481 + $352,316
$698,797
$9,321
2021$339,688 + $345,408
$685,096
$9,120
2020$336,205 + $341,867
$678,072
$9,096
2019$329,613 + $335,164
$664,777
$8,990
2018$323,150 + $328,593
$651,743
$8,687
2017$316,814 + $322,150
$638,964
$8,595
2016$310,602 + $315,834
$626,436
$7,994
2015$305,937 + $311,090
$617,027
$7,683
2014$234,000 + $351,000
$585,000
$7,432
2013$234,000 + $351,000
$585,000
$7,239
2012$210,000 + $315,000
$525,000
$6,794
2010$210,000 + $315,000
$525,000
$6,592
2009$382,034 + $297,138
$679,172
$8,246
2009$210,000 + $315,000
$525,000
$8,246
2008$374,544 + $291,312
$665,856
$7,685
2007$367,200 + $285,600
$652,800
$7,489

Price Changed 2024-05-28
$1,425,000
CRMLS
Price Changed 2024-05-06
$1,485,000
CRMLS
Listed 2024-04-04
$1,555,000
CRMLS
Sold 2005-09-01
$640,000
Public Record
Sold 2004-10-04
$581,000
Public Record
Sold 2003-08-11
$350,000
Public Record
Sold 1997-07-24
$150,000
Public Record

Net Operating Income: 51137.00

Total Square Feet Living: 3338
Year Built: 1946
Building Features: 4
Common Walls: 2+ Common Walls, No One Above, No One Below
Entry Level: 1
Entry Location: Street
Property Age: 78
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Apartment
Year Built Source: Assessor

Sewer: Water Sewer Expense: 2160.00
Water Source: Public

Stephens Middle School is a public middle school located approximately 0.2 miles away.
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Webster Elementary School is a public elementary school located approximately 0.6 miles away.
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Cabrillo High School is a public high school located approximately 1.1 miles away.
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St. Lucy School is a private elementary and middle school located approximately 0.7 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.