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Key Details
Sold Price $1,139,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,095 sqft
Price per Sqft $543
MLS Listing ID OC21206297
Sold Date 01/07/22
Construction Status Updated/Remodeled,Turnkey,Under Construction
HOA Y/N No
Year Built 1930
Lot Size 5,841 Sqft
Acres 0.1341
Property Description
Renovated Triplex in the Poly District in Long Beach! Located down the street from Long Beach City College and a short commute to the Marina, this triplex makes for a perfect investment unit - you can rent all three units or live in one and rent out the rest. The back building consists of a 2 bed / 1 bath duplex with identical floor plans. The Unit to the right has been recently upgraded with new luxury vinyl flooring, fresh paint, new baseboards, tile surround tub with new fixtures, brand new kitchen with Quartz countertops and soft close cabinets, recessed lights in the kitchen and the living room and new doors. The outside has been freshly painted, new double pane windows (installation is in a few weeks) and a new roof with a 30 year warranty. The front unit consist of a 3 bed 1 bath apartment. In terms of rent, the duplex in the back can rent for $4,000 per month total (one of the units is currently rented for $2,000 per month) and the front 3 bedroom is currently renting for $3,000 per month bringing the total monthly pro forma to $7,000 per month ($84,000 / year). Recent comps: 4-plex on Gundry sold for almost $1.4 M producing $100k per year. Photos are from the renovated unit (virtually staged). Professional photos coming soon.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR34
Rooms
Ensuite Laundry Gas Dryer Hookup, In Kitchen, Stacked
Interior
Interior Features Recessed Lighting, Storage, All Bedrooms Down, Bedroom on Main Level
Laundry Location Gas Dryer Hookup,In Kitchen,Stacked
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Oven, Free-Standing Range, Gas Range
Laundry Gas Dryer Hookup, In Kitchen, Stacked
Exterior
Exterior Feature Lighting
Garage Off Street
Fence Block, Wrought Iron
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Park
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Available, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Composition
Parking Type Off Street
Private Pool No
Building
Lot Description 2-5 Units/Acre, Front Yard, Near Park
Story One
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Updated/Remodeled,Turnkey,Under Construction
Others
Senior Community No
Tax ID 7268035024
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Lindsey Iskierka • Keller Williams Coastal Prop.
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960