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$1,229,990
Est. payment /mo
7 Beds
6,674 Sqft Lot
UPDATED:
11/14/2024 03:33 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PW24212754
Bedrooms 7
HOA Y/N No
Lot Size 6,674 Sqft
Property Description
One of the Best Deals in Wrigley! Investor or Owner-Occupant Opportunity Offered at an unbeatable $1,229,900, most of the recently remodeled units, move-in-ready 3-unit property in Long Beach is a gem for investors and owner-occupants. Boasting an impressive 6% cap rate and the potential to generate over $100,800 in annual gross income, this property is a cash-flow dream. Each of the two 2-bedroom units rents for $2,600, while the spacious 3-bedroom unit brings in $3,200all at current market rates. Located just minutes from the beach, this property is primed for Airbnb potential, offering even higher returns for short-term rentals. Its fully remodeled with modern amenities and high-quality finishes, ensuring it's completely turnkey with no additional work neededjust start collecting rent from day one. The property also includes 4 single-car garages, providing secure parking for tenants and potential for extra income. With the possibility for future development or conversion to an Accessory Dwelling Unit (ADU), the opportunities here are endless. Everything is separately metered (except water), keeping maintenance costs low for hassle-free ownership. Dont miss out on this rare chance to own a high-income-producing property in a prime Long Beach location. Act fastdeals like this in Wrigley dont last long!
One of the Best Deals in Wrigley! Investor or Owner-Occupant Opportunity Offered at an unbeatable $1,229,900, most of the recently remodeled units, move-in-ready 3-unit property in Long Beach is a gem for investors and owner-occupants. Boasting an impressive 6% cap rate and the potential to generate over $100,800 in annual gross income, this property is a cash-flow dream. Each of the two 2-bedroom units rents for $2,600, while the spacious 3-bedroom unit brings in $3,200all at current market rates. Located just minutes from the beach, this property is primed for Airbnb potential, offering even higher returns for short-term rentals. Its fully remodeled with modern amenities and high-quality finishes, ensuring it's completely turnkey with no additional work neededjust start collecting rent from day one. The property also includes 4 single-car garages, providing secure parking for tenants and potential for extra income. With the possibility for future development or conversion to an Accessory Dwelling Unit (ADU), the opportunities here are endless. Everything is separately metered (except water), keeping maintenance costs low for hassle-free ownership. Dont miss out on this rare chance to own a high-income-producing property in a prime Long Beach location. Act fastdeals like this in Wrigley dont last long!
One of the Best Deals in Wrigley! Investor or Owner-Occupant Opportunity Offered at an unbeatable $1,229,900, most of the recently remodeled units, move-in-ready 3-unit property in Long Beach is a gem for investors and owner-occupants. Boasting an impressive 6% cap rate and the potential to generate over $100,800 in annual gross income, this property is a cash-flow dream. Each of the two 2-bedroom units rents for $2,600, while the spacious 3-bedroom unit brings in $3,200all at current market rates. Located just minutes from the beach, this property is primed for Airbnb potential, offering even higher returns for short-term rentals. Its fully remodeled with modern amenities and high-quality finishes, ensuring it's completely turnkey with no additional work neededjust start collecting rent from day one. The property also includes 4 single-car garages, providing secure parking for tenants and potential for extra income. With the possibility for future development or conversion to an Accessory Dwelling Unit (ADU), the opportunities here are endless. Everything is separately metered (except water), keeping maintenance costs low for hassle-free ownership. Dont miss out on this rare chance to own a high-income-producing property in a prime Long Beach location. Act fastdeals like this in Wrigley dont last long!
Location
State CA
County Los Angeles
Area Long Beach (90806)
Zoning Public Rec
Building
Lot Description Curbs
Story 2
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $64
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
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Listed by Ray Miramontes • Circle Real Estate
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