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Listed by Tyson Storr • Buckingham Investments, Inc.
$ 1,599,000
Est. payment /mo
Active
1209 East 1st Street Long Beach, CA 90802
3,452 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,452 sqft
Price per Sqft $463
MLS Listing ID IN-25193325
Year Built 1912
Lot Size 5,029 Sqft
Property Sub-Type Quadruplex
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
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4R
Interior
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Garage Spaces 2.0
Pool None
Community Features Biking, Golf, Watersports
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
