(4) unit multi-family building in Long Beach, CA. The building features unit mix of (1) 3 Bed/1 Bath unit and (3) 1 Bed/1 Bath units stretching across 2,800+/- rentable square feet. This stabilized asset offers tremendous opportunity for 1031 exchange buyers looking to increase their cash flow on Day 1.… Read More Further, a substantial portion of Rental Income of rents secured by Section 8 Vouchers by Housing Assistant Long Beach Minimizing risk and providing reliable cash flow, so the uncertainty of future rent moratoriums will significantly reduce the likelihood of lost revenue. The property also includes on site Washer and dryer laundry.
The building is in excellent condition, and all (4) units have been extensively remodeled with professional grade finishes. In addition, the gated entry ensures secured access to the property. The property is located within close proximity to many retail, dining, and entertainment options that greatly benefit the tenant mix. This is an investment with strong existing cash flow and minimal maintenance required which is add this solid asset to your rental portfolio. Sellers is Real Estate License in state of California. ALL OFFERS SUBJECT INTERIROR INSPECTION Read Less
Property listed by Villa Real Estate Partners Inc, Nhat Nguyen 714-467-8542
Listing Snapshot
Days Online
4
Last Updated
Property Type
Triplex
Lot Size
0.14 Acres
Year Built
1939
MLS Number
PW26096551
Additional Details
Appliances & Equipment
Dishwasher, GasRange
Building
Built in 1939, 3 buildings, Building faces North, 2 stories, Levels: One, MultiSplit, Entry level: 1, Entry location: 1, Construction Materials: Asphalt, LapSiding
Community
Stables, Sidewalks
Cooling
None
Expenses
Insurance: $2,600, Operating: $300
Fireplaces
None
Floors
Laminate
Foundation
ConcretePerimeter
Heating
Electric
Home Owner's Association
Association Fee: $0
Income
Gross Income: $8,900, Gross ScheduledIncome: $8,900, Net Operating Income: $300
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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