133 Corona AVE Long Beach, CA 90803
Active
$1,999,000
5%
4 Units
6 Beds
6 Baths
3,312 Area(sq.ft.)
2,952 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 1,950 | $ 1,950 | $ 3,586 |
| Unit 2 | 1 | 2 | 2 | No | $ 1,795 | $ 1,795 | $ 3,586 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,750 | $ 1,750 | $ 2,500 |
| Unit 4 | 1 | 1 | 1 | No | n/a | n/a | $ 2,500 |
| 4 | 4 | 6 | 6 | $ 5,495 | $ 5,495 | $ 12,172 |
| MLS #: | PW24183730MR |
| Days On Market: | 106 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 604 |
| Price per unit: | $ 499,750 |
| Year Built: | 1963 |
Property Details
Sage Real Estate is Proud to present this exceptional 4-Unit Investment Opportunity in Prime Belmont Shore! Discover the epitome of coastal living with this exquisite 4-unit property located in the heart of Belmont Shore, just steps from the beach and the vibrant shops and cafes of 2nd Street. This building offers a blend of lifestyle and investment potential, ideal for both family legacy and savvy investors. Unit Mix: Features two 2-bedroom, 2-bath units and two 1-bedroom, 1-bath units. Each unit showcases recent upgrades including new stucco, paint, windows, and a completely redone roof, blending modern comfort with elegant design. Amenities: Residents enjoy on-site parking, communal laundry facilities, and secure bicycle storage, enhancing both convenience and desirability. Investment Potential: Positioned in a high-demand rental market, this property offers strong rental yields and appreciation potential. A trophy asset that promises growth and stability. One bedroom unit will be delivered vacant at closing. Lifestyle: Offer your tenants a lifestyle of ease and luxury, where they can enjoy beach mornings and evenings exploring local dining and retail all within walking distance. This property is a unique opportunity to secure a piece of Belmont Shore, renowned for its strong community feel and high quality of life. Don t miss out on this chance to invest in a location where demand continues to grow.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 86,940 |
| Total Annual Expense: | $ 46,905 |
| Net Operating Income: | $ 40,035 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | LBR2S |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | None |
| Heating: | Wall |
| Fireplace Rooms: | None |
| Laundry: | Laundry Area |
Exterior
| Pool: | No |
| Roof: | Shingle |
| Spa: | No |
Detailed Map
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