494-496 E Sunset St is an excellent investment opportunity tucked away in a quiet neighborhood corner of North Long Beach. This is a unique opportunity to own two identical duplexes on adjacent lots. The property consists of four 1bd/1ba units with ample parking and a 2-car garage in the back that provides ADU potential*, and the asset offers rental upside of +/- 12%. Just a short drive from the numerous grocery stores and vast selection of restaurants lining Atlantic Blvd., and a straight shot to the 710 and 91-Freeway junction, 494-496 E Sunset offers a fantastic level of convenience to its tenants. This property is listed separately but offers a unique opportunity to acquire 6 total units with the addition of the duplex at 491-491 ½ E 51st St that backs up to the property.
Sold for $716,666 on 02/08/24
Listing Provided by:
Robert Stepp DRE #01456379 310-463-2916,
Keller Williams - Santa Monica
Bought with: Keller Williams - Santa Monica
$716,666
494-496 E Sunset St, Long Beach, CA 90805
4beds
4baths
1,848sqft
Quadruplex
Built in 1954
-- sqft lot
$935,500 Zestimate®
$388/sqft
$2,408 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 09, 2024 at 10:11am
Listing Provided by:
Robert Stepp DRE #01456379 310-463-2916,
Keller Williams - Santa Monica
Bought with:
Robert Stepp, DRE #01456379
Keller Williams - Santa Monica
Source: CRMLS,MLS#: PW23211575
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1,848
- Total interior livable area: 1,848 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 6,886 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 7130011015
- Zoning: LBR1N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Long Beach
- Subdivision: North Long Beach (Nlb)
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange
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Estimated market value
$935,500