Discover an exceptional investment opportunity within this meticulously renovated quadraplex, boasting a generous 2,952 square feet of living space priced at a competitive $338 per square foot. Built in 1923, this property seamlessly merges historic charm with contemporary upgrades, offering a blend of character and functionality.
This four-plex presents four expansive one-bedroom units, thoughtfully designed to easily convert into two-bedroom layouts, providing versatility to accommodate varying tenant needs. Each unit is a testament to quality craftsmanship and modern convenience, featuring recent enhancements including new windows, stucco, paint, as well as essential plumbing and electrical upgrades.
With an impressive annual income of $71,280 this property promises a lucrative return on investment. Furthermore, the option to utilize one unit immediately or rent it out adds to its appeal, ensuring flexibility for both investors and owner-occupiers.
Convenience extends beyond the interiors, with the inclusion of four dedicated parking spaces, alleviating any concerns regarding parking availability. Whether you're an astute investor seeking a profitable venture or a homeowner looking to capitalize on rental income, this quadraplex offers an enticing proposition.
Sold for $999,975 on 08/30/24
Listing Provided by:
Juan Huizar DRE #01417642 562-307-0838,
Sage Real Estate Group, Inc.
Bought with: Sage Real Estate Group, Inc.
$999,975
930 E 11th St, Long Beach, CA 90813
4beds
4baths
2,952sqft
Quadruplex
Built in 1923
-- sqft lot
$979,300 Zestimate®
$339/sqft
$2,937 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 06:19pm
Listing Provided by:
Juan Huizar DRE #01417642 562-307-0838,
Sage Real Estate Group, Inc.
Bought with:
Juan Huizar, DRE #01417642
Sage Real Estate Group, Inc.
Source: CRMLS,MLS#: PW24089830
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: None
Features
- Flooring: Carpet, Laminate
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,952
- Total interior livable area: 2,952 sqft
Property
Parking
- Total spaces: 4
- Uncovered spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Street/2
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 3,162 sqft
- Features: 2-5 Units/Acre, Rectangular Lot
Details
- Parcel number: 7274010018
- Zoning: LBR4R
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Stucco, Wood Siding
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Curbs, Street Lights, Sidewalks
Location
- Region: Long Beach
HOA & financial
Other financial information
- Total actual rent: 71280
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,Submit
- Road surface type: Paved
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Estimated market value
$979,300