2513 11th st, Long Beach, CA 90804
Active
$699,000
2 Units
2 Beds
2 Baths
1,122 Area(sq.ft.)
Lot: 2,661 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,950 | $ 1,950 | $ 2,000 |
| Unit 2 | 1 | 1 | 1 | No | n/a | n/a | $ 2,000 |
| 2 | 2 | 2 | $ 1,950 | $ 1,950 | $ 4,000 |
| MLS #: | OC25080536MR |
| Days On Market: | 7 |
| Listing Date: | April 12, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 623 |
| Price per unit: | $ 349,500 |
| Year Built: | 1924 |
Property Details
Renovated Duplex with Old-World Charm & Modern Comforts Prime Location Step into a beautifully renovated duplex that blends timeless character with modern convenience. This charming property features original polished hardwood floors, deep vintage bathtubs, and a touch of old-world elegance throughout. Each unit includes its own laundry, ensuring privacy and ease for residents. The backyard is a serene oasis fully fenced with a lush garden, a mature lemon tree, and frequent visits from hummingbirds. Enjoy peaceful mornings or warm summer evenings under the covered outdoor area, perfect for coffee, dining, or relaxing. Additional features include: One single-car garage and two off-street parking spaces Modern air conditioning units for year-round comfort Brand new blinds throughout both units Three separate gas and water meters ideal for future ADU potential in the garage Location is everything: just a 10-minute bike ride to the beach and a 15-minute walk to the vibrant Fourth Street shops and restaurants. Live in one unit and enjoy rental income from the other one side is move-in ready with market rent already flowing from the second unit. A rare find that offers flexibility, charm, and income potential.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 11,676 |
| Net Operating Income: | $ 36,974 |
| Cap Rate: | 5.2% |
| Gross Rent Multiplier: | 14.50 |
Structure
| Community Features: | Curbs, Sidewalks, Storm Drains, Street Lights |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | LBR2N |
| Land Lease Type: | Fee |
Interior
| AC/Cooling: | Ductless |
| Heating: | Ductless |
| Fireplace Rooms: | None |
| Laundry: | In Kitchen, Room, Washer, Washer Hookup, Washer Included |
Exterior
| Pool: | No |
| Roof: | Flat |
| Spa: | No |
Detailed Map
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