A Prime Investment Opportunity in the heart of Long Beach. This exceptional multi-family property, located at 3400 E Andy Street in Long Beach, presents a lucrative investment opportunity. Well-maintained building that encompasses four spacious townhouse-style units, totaling approximately 5,175 square feet of living space on a 5,643 square foot lot.… Read More The complex includes one (1) 3-bedrooms + 1.5 baths unit and three (3) 2-bedrooms + 1.5 bath units. Each unit offers generous living areas of approximately 1,300 square feet. The property is generating a whopping $7575 gross rent per month. All the apartments feature in-unit laundry hookups with private patios and balcony, enhancing tenant convenience and appeal. The townhouse-style layout provides a desirable living arrangement, offering tenants a sense of privacy and space. The property has easy access to shopping (1 mile from Lakewood Mall), grocery, hospital (walking distance), schools and freeway. Situated in a sought-after rental area, this property has a history of strong occupancy rates. The combination of spacious units, in-demand amenities, and prime location makes it an attractive option for investors seeking long-term steady passive rental income and potential appreciation. Read Less
Property listed by Nanda Realty Inc., Vibhor Vineet 5624054854
Listing Snapshot
Days Online
90
Last Updated
Property Type
Quadruplex
Lot Size
0.13 Acres
Year Built
1963
MLS Number
RS25029580
Additional Details
Building
Built in 1963, Building area total: 5,175, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
Curbs, Urban
Cooling
WallWindowUnits
Expenses
Gardener expense: $600, Insurance expense: $2,788, New taxes expense: $14,364, Operating expense: $19,688, Trash expense: $6,480, Water sewer expense: $2,100
Fireplaces
None
Floors
Laminate, Tile, Vinyl
Garage
4 spaces
Heating
WallFurnace
Income
Gross income: $90,900, Net operating income: $64,568
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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