440 N Zona CT, Long Beach, CA 90802 – SB25234349

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Sean Beattie Jr.

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

$975,000

Est. payment - /mo

2,543 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID SB25234349

Construction Status Turnkey

HOA Y/N No

Year Built 1940

Lot Size 2,543 Sqft

Property Sub-Type Quadruplex

Property Description

Perfect starter 4 unit property on a quiet street only blocks from the Beach and Downtown. Front one bed, one bath bungalow plus three studios in the rear. Front house full of historic character with hardwood floors, craftsman built-ins, large windows, renovated bathroom, kitchen, dining room, service porch and interior paint. Three well laid out studios in the rear with separate entrances, full sized bathrooms and kitchens. Well priced on actual income at 12.8X GRM plus a 9% upside to 11.8X GRM and over a 5% cap rate. Upgrades from 2020 on include newer electrical panels, new roof on front house, refreshed roof on back structure, full exterior paint, remodeled front house and one studio. Separately metered for gas and electric.

Excellent location in Alamitos Beach just outside of Downtown Long Beach's East Village Arts District. Located on a small, quiet side street full of historic properties (not an alley like many "court" streets). Only 4 blocks to the beach, less than a block into the Downtown, and a few blocks to Retro Row. Walk Score 94/100

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Heating Wall Furnace

Cooling None

Flooring Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range

Laundry Common Area

Exterior

Fence Wood

Pool None

Community Features Suburban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat

Accessibility None

Private Pool No

Building

Lot Description Rectangular Lot

Faces West

Story 2

Entry Level Two

Foundation Raised

Sewer Private Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 7266008007

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Anthony Walker Buckingham Investments, Inc 310-561-4776

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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440 N Zona CT Long Beach, CA 90802

Sean Beattie Jr.

Key Details

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