1325 East 11th Street is a triplex in Long Beach, California. This offering is a great opportunity for an investor to acquire an asset in a strong rental submarket and capture 28 percent potential upside in rents.
The property consists of a two-bed/one-bath house with a fenced patio and a rear building with two one-bed/one-bath units above four single-car garages. On-site parking is a sought-after amenity in this parking-impacted area of Long Beach, and the garages generate significant additional income. The units are separately metered for gas and electricity, and the property also offers shared laundry facilities.
1325 East 11th Street is located in Long Beach’s Cambodia Town neighborhood just south of Anaheim Street. This dense rental area has easy access to Downtown Long Beach and the 710 Freeway.
Sold for $750,000 on 02/09/23
Listing Provided by:
Steven Bogoyevac DRE #01332755 steve.bogoyevac@marcusmillichap.com,
Steven M. Bogoyevac, Broker
Bought with: Steven M. Bogoyevac, Broker
$750,000
1325 E 11th St, Long Beach, CA 90813
4beds
3baths
2,014sqft
Triplex
Built in 1919
-- sqft lot
$892,000 Zestimate®
$372/sqft
$2,683 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 09, 2023 at 12:22pm
Listing Provided by:
Steven Bogoyevac DRE #01332755 steve.bogoyevac@marcusmillichap.com,
Steven M. Bogoyevac, Broker
Bought with:
Steven Bogoyevac, DRE #01332755
Steven M. Bogoyevac, Broker
Source: CRMLS,MLS#: PW22253633
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,014
- Total interior livable area: 2,014 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Pool features: None
Lot
- Size: 5,111 sqft
- Features: Rectangular Lot
Details
- Parcel number: 7267002030
- Zoning: LBR2N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1919
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Long Beach
Other
Other facts
- Listing terms: Cash,Cash to New Loan
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Estimated market value
$892,000