11
See all 11 photos
$1,599,000
Est. payment /mo
4 Beds
New
1209 E 1st Street Long Beach, CA 90802
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID IN25193325
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
Prime 4-Unit income property near the beach featuring four spacious 1-bedroom, 1-bathroom units just steps from the sand in the thriving Long Beach market. Separate free standing 2-car garage in the back with sewer line that runs directly under allowing for a convenient conversion into a 2 bed 1 bath ADU(open parking available at end of driveway). GRM on market rents of 14.5X, 11.6X after ADU conversion. Three units recently remodeled. All units are 800 sqft+ and have their own laundry room A great option for a savvy investor looking to buy and hold in a prime location with the potential to greatly increase income with the addition of the ADU.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Off of Orange Ave and 1st St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 7265011023
Listed by Tyson Storr Buckingham Investments, Inc.