$1,300,000
$1,250,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
3,000 SqFt
SOLD DATE : 03/02/2022
Key Details
Sold Price $1,300,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $433
Subdivision North Long Beach (Nlb)
MLS Listing ID OC22009684
Sold Date 03/02/22
HOA Y/N No
Year Built 2019
Lot Size 6,743 Sqft
Acres 0.1548
Property Description
Newly remodeled, no rent control, large 2 units on a huge corner lot, high yield and a quickly appreciating neighborhood. What more could you ask of a multifamily asset? All units are generously sized with two garage spaces, private laundry rooms inside each unit, open layout and plenty of natural light. The new owner will enjoy this fully leased property coupled trouble-free returns as each unit is equipped with separate meters for water, gas and electricity all paid by tenants. Main house is two story, 5 bedrooms and 3 bathrooms with freshly remodeled interior & exterior and the other unit (ADU) is single floor, 2 bedrooms and 1 bathroom with its own 2 car garage. Positive cash flow, healthy income stream and solid market appreciation as the area continues its upward trajectory. Easy access to the 710 and 405 freeways.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR1N
Rooms
Ensuite Laundry Inside, See Remarks
Interior
Laundry Location Inside,See Remarks
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Inside, See Remarks
Exterior
Garage Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Park, Sidewalks
Utilities Available See Remarks
Parking Type Garage
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Corner Lot, Front Yard
Story One, Two
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 7131036028
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Submit
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Grace Chow • KW Advisors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "