1209 E 1st Street, Long Beach, CA 90802 – IN25193325

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$1,599,000

Est. payment - /mo

4 Beds

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UPDATED:

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

Senior Community No

Tax ID 7265011023

Acceptable Financing Exchange

Listing Terms Exchange

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Listed by Tyson Storr Buckingham Investments, Inc.

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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1209 E 1st Street Long Beach, CA 90802

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

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