Unlock the potential of this charming 4-plex property with four spacious 1-bedroom, 1-bathroom units, ideally situated just steps from the beach in beautiful Long Beach. Whether you're looking to expand your portfolio or find a lucrative rental property, this gem offers exceptional value and prime positioning.Located just a short stroll… Read More from the beach, residents will enjoy easy access to coastal living, scenic views, and the laid-back California lifestyle. The property is within walking distance to the vibrant Belmont Shore area, known for its trendy shops, cafes, and entertainment venues, as well as the renowned Retro Row, famous for its eclectic mix of vintage shops and dining spots. With its proximity to the expanding Port of Long Beach, one of the busiest and most important ports in the world, this property offers strong rental demand, ideal for both long-term tenants and vacation rentals. As Long Beach continues to develop and the Port of Long Beach expands, this area is primed for even greater appreciation in property values and rental income potential. Each of the four 1-bed, 1-bath units offers comfortable living spaces, with plenty of room to make your own mark. This property has been lovingly maintained and is ready for its next owner. This rare opportunity combines a fantastic location with solid income potential and long-term growth. Don't miss out on this perfect blend of beachside charm and investment opportunity in one of Southern California's hottest real estate markets. Full Offering Memorandum in Documents. Read Less
Property listed by Wilshire Advisory Group, Inc, Craig Miller 310-202-9008
Listing Snapshot
Days Online
16
Last Updated
Property Type
Other
Beds
4
Square Ft.
3,296
Lot Size
0.06 Acres
Year Built
1922
MLS Number
25513849
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Washer
Building
Built in 1922, Building area total: 3,296, Levels: Two, Living area: 3296, 2 stories, 1 building
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross income: $94,128, Net operating income: $56,954
Lot
0.0593 acres, 2,581 square feet, Size: 2,581
Parking
OnStreet
Property
Zoning: LBR4R, OceanFront
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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