Value-add opportunity in North Long Beach. The property features a 2 bed / 1 bath main house with a bonus room currently used as a third bedroom. There are two additional detached studio units—one in the front (tenant-occupied) and one in the rear (currently vacant). Property is separately metered with… Read More (4) electric meters and (3) gas meters. The property has operated as a triplex for over 30 years and tax records reflect triplex use; however, the current owner has been informed by the City of Long Beach that City records indicate that this is a single-family residence. Seller makes no representations about the legal use of the property. Buyer to independently verify legal use, zoning, and potential paths to legalization. Significant upside for an investor or owner-user willing to navigate the process. Interiors of the front and rear structures recently got new paint and flooring. Middle unit needs TLC. Read Less
Property listed by Sage Real Estate Group, Inc., Cody Charnell 562-896-3851
Listing Snapshot
Days Online
1
Last Updated
Property Type
Triplex
Lot Size
0.06 Acres
Year Built
1956
MLS Number
PW26100651
Additional Details
Building
Built in 1956, 3 buildings, 1 storey, Entry level: 1, Entry location: Front
Community
Sidewalks
Expenses
Operating: $17,034
Income
Gross ScheduledIncome: $55,560, Net Operating Income: $36,859
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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