A great opportunity to own a well-maintained triplex income property near downtown Long Beach In the beautiful historical Willmore City/Drake Park District which was the first historic district declared by the City of Long Beach . This triplex offers 3 – large one bedroom units each with their own 1-car garages and dual paned windows throughout. The ground floor unit has a private patio yard area and a 1-car garage with direct access into the unit. Upstairs features a newly remodeled unit with laminate flooring throughout, a remodeled kitchen with quartz countertops and has new paint. The building has a gated secured entrance with approximately 1,914 sqft of living space and is situated on a 5,253 sqft lot (total including the community garden), and features a separate laundry room with a new owner coin operated washer and dryer plus large storage room. The lot next door is currently being used as a community garden, but it has its own address of 646 Chestnut and a separate water meter. A historical house was moved from there to Drake Park in the 1980’s. Potential to build an ADU, please check with the City of Long Beach to verify.
Sold for $975,000 on 10/17/23
Listing Provided by:
Kym Elder DRE #01320231 562-254-1489,
Coldwell Banker Realty
Bought with: Coldwell Banker Realty
$975,000
348 W 7th St, Long Beach, CA 90813
3beds
3baths
1,914sqft
Triplex
Built in 1960
-- sqft lot
$1,057,300 Zestimate®
$509/sqft
$2,893 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 17, 2023 at 11:50am
Listing Provided by:
Kym Elder DRE #01320231 562-254-1489,
Coldwell Banker Realty
Bought with:
Kym Elder, DRE #01320231
Coldwell Banker Realty
Source: CRMLS,MLS#: PW23163067
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Gas Range, Gas Water Heater, Dryer, Washer
- Laundry: Common Area, Laundry Room
Features
- Ceiling Fan(s), Quartz Counters
- Flooring: Carpet, Laminate, Vinyl, Wood
- Windows: Double Pane Windows
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,914
- Total interior livable area: 1,914 sqft
Property
Parking
- Total spaces: 3
- Parking features: Door-Single, Garage Faces Front, Garage, Off Street
- Garage spaces: 3
Features
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Good Condition,Wood,Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 5,253 sqft
- Features: Corner Lot
Details
- Parcel number: 7272022002
- Zoning: LBPD10
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Copper Plumbing
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Long Beach
- Subdivision: Downtown (Dt)
HOA & financial
Other financial information
- Total actual rent: 2545
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange,FHA,VA Loan
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Estimated market value
$1,057,300