1209 E 1st ST Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90802
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
Subdivision Alamitos Beach (Ab)
MLS Listing ID IN25193325
HOA Y/N No
Year Built 1912
Lot Size 5,026 Sqft
Acres 0.1154
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
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS 1031 Exchange
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS Please do not disturb tenants. Offer subject to interior inspection.