$1,599,000

1209 E 1st Street, Long Beach, CA 90802

  • 4 beds
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon5,027sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Listing Office:
Buckingham Investments, Inc. :
Listing Agent:
Tyson Storr : 424-212-2321
MLS ID:
IN25193325
  • Pool: N/K
  • Originating MLS: California Regional MLS
  • County: Los Angeles
  • Zoning: Public Rec7265011023
  • Source: California Regional MLS

This listing courtesy of Tyson Storr, Buckingham Investments, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Robert Louis Stevenson Elementary School

515 Lime Ave, Long Beach, CA, 90802

Grades KG-5

0.61 miles away

F

Franklin Classical Middle School

540 Cerritos Ave, Long Beach, CA, 90802

Grades 6-8

0.47 miles away

R

Renaissance High School for the Arts

235 E 8th St, Long Beach, CA, 90813

Grades 9-12

1.03 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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