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$1,399,000
Est. payment /mo
8 Beds
7,551 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25237854
Bedrooms 8
Lot Size 7,551 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Fantastic opportunity to own a cash-flowing 4-unit property in the heart of Long Beach! This single-story building features four spacious 2-bed/1-bath units with long-term tenants on month-to-month leases. One unit was just renovated and is MOVE-IN READY, perfect for an owner user! The property offers secure gated entry, (4) 1-car garages, and a storage room, providing both convenience and extra income potential. The detached garage structure offers excellent ADU potential above (buyer to verify), creating the opportunity to add value and increase future cash flow. With its low-maintenance design and steady income, this property is ideal for investors or an owner-occupant looking to live in one unit and rent out the others. Located just minutes from Downtown Long Beach, parks, shopping, and major freeways, the property also benefits from the $175 million redevelopment of Washington Middle School just down the street on Cedar Ave, a transformative project that underscores the citys investment in the neighborhood and enhances long-term community appeal.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Cedar Ave & 17th St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7269039012
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
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Listed by Christopher Van Vuuren Lyon Stahl Investment Real Estate, Inc.