Prime 4-Unit income property near the beach featuring four spacious 1-bedroom, 1-bathroom units just steps from the sand in the thriving Long Beach market. Separate free standing 2-car garage in the back with sewer line that runs directly under allowing for a convenient conversion into a 2 bed 1 bath ADU(open parking available at end of driveway). GRM on market rents of 14.5X, 11.6X after ADU conversion. Three units recently remodeled. All units are 800 sqft+ and have their own laundry room A great option for a savvy investor looking to buy and hold in a prime location with the potential to greatly increase income with the addition of the ADU.
For sale
Listing Provided by:
Tyson Storr DRE #02179872 4242122321,
Buckingham Investments, Inc.
$1,599,000
1209 E 1st St, Long Beach, CA 90802
4beds
--baths
3,452sqft
Est.:
Quadruplex
Built in 1912
-- sqft lot
$1,576,300 Zestimate®
$463/sqft
$-- HOA
What's special
Steps from the sandOwn laundry room
- 46 days |
- 254 |
- 13 |
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