$900,000
$900,000
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2,175 SqFt
SOLD DATE : 02/22/2019
Key Details
Sold Price $900,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,175 sqft
Price per Sqft $413
Subdivision Downtown (Dt)
MLS Listing ID OC19020580
Sold Date 02/22/19
HOA Y/N No
Year Built 2006
Lot Size 6,242 Sqft
Acres 0.1433
Property Description
Amazing and Newly Remodeled Triplex for sale in downtown Long Beach with a potential cap rate of more than 6% at the moment and with unimaginable upside potential with all the new city plans going on in Downtown and it's just a few blocks to the beach, convention center and grand prix racing track on the main street that leads to all of that. Watch the value grow year after year and with no rent control.
This property consists of a beautiful single family home in front and a duplex on top of a 6 car garage in the back with a very large lot and beautiful landscaping. Owner remodeled almost every inch of the property with a cost of more than 120k. Property extends from the main street to the alley and is gated from both ends with a long driveway that fits more cars in addition to all the garages. Front Home is a 3bed/2bath and back units each are 2 bed/1 bath which totals 7beds/4baths. Each unit has a spacious 2 car garage which is hard to find in downtown. Units have separate gas and electric meters and it's maintenance proof with a drip system.
Schedule a showing today as this amazing property will not last.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4N
Rooms
Ensuite Laundry Common Area, Electric Dryer Hookup
Interior
Laundry Location Common Area,Electric Dryer Hookup
Fireplace No
Laundry Common Area, Electric Dryer Hookup
Exterior
Garage Garage, Gated
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Street Lights, Sidewalks, Urban
Parking Type Garage, Gated
Total Parking Spaces 6
Private Pool No
Building
Lot Description Back Yard, Landscaped
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7274007029
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Monica Masuda • Monica Masuda, Realtor
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
3631 Truxel Rd # 1081, Sacramento, CA, 95834, United States