Active
$1,350,000
9%
4 Units
7 Beds
5 Baths
2,918 Area(sq.ft.)
Lot: 4,526 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,500 | $ 18,000 | $ 1,500 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,700 | $ 20,400 | $ 1,800 |
| Unit 3 | 1 | 3 | 2 | No | $ 2,800 | $ 33,600 | $ 3,000 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,250 | $ 27,000 | $ 2,500 |
| 4 | 7 | 5 | $ 8,250 | $ 99,000 | $ 8,800 |
| MLS #: | PW24248729MR |
| Days On Market: | 335 |
| Listing Date: | January 13, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 463 |
| Price per unit: | $ 337,500 |
| Year Built: | 1938 |
Property Details
A Beautiful historical Victorian style fourplex in Long Beach downtown area. An Excellent income producing property consist of two (2 ) 1 bedroom + 1 Bath and one (1) 2 bedrooms+1 bath with an extra attic space and a Beautiful 3 bedrooms+ 2 bath space with 2 enclosed patio room . All units are remodeled in 2018. And New roofing was done back in 2020 through-out the property. This Property is situated on the corner of W. 9th St. and Chestnut Ave. in the heart of Long Beach downtown area 1.3 miles from the famous Aquarium of the Pacific and exactly one mile north of the Long Beach city Hall.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 1 |
| Net Operating Income: | $ 655,000 |
| Cap Rate: | 4.85% |
| Gross Rent Multiplier: | 13.64 |
Structure
| Community Features: | Curbs |
| Style: | Victorian |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBPD10 |
| Land Lease Type: | Fee |
| Parking Garage: | On street |
Interior
| Fireplace Rooms: | None |
| Laundry: | None |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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Income
