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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,785,000

Est. payment - /mo

6,512 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID SB25229317

Construction Status Turnkey

HOA Y/N No

Year Built 1988

Lot Size 6,512 Sqft

Property Sub-Type Triplex

Property Description

Absolutely enormous 1988 triplex with three huge homes on one lot in the heart of Rose Park South. Comprised of nearly 6000 rentable square feet, this rare unique property features a 3267 square foot 5 bed, 4 bath front house perfect for an owner-occupant including an attached 2 car direct access garage with laundry, huge primary suite with jacuzzi bathroom, dual vanity, vaulted ceilings, balcony, fireplace and a private back patio. Two separate townhome style rear units each with 3 beds, 2 baths, primary suites, fireplaces, laundry, balconies, and a 2 car garage for each unit. All three units have been renovated in the last few years with new vinyl flooring, cabinets, lighting, bathrooms, paint, and more. Priced to sell at under $300/sq ft in one of the best areas of the city. Move right in or maximize investment square footage. 11.6X GRM on in-place rents with an upside to 11.2X GRM. 5.6% cap rate on actuals and 5.9% cap rate on market rents.
Located on a quiet street in Rose Park South, one of the best historic neighborhoods in the city. 2 blocks from Retro Row, the trendiest strip of boutiques and restaurants on 4th st. Only 6 blocks to Alamitos Beach and a short walk to Carrol Park, Bixby Park, the Long Beach Museum of Art, and so much more.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Interior Features Quartz Counters

Heating Forced Air

Cooling Central Air

Flooring Tile, Vinyl

Fireplaces Type Family Room

Fireplace Yes

Appliance Dishwasher, Gas Oven, Gas Range

Laundry Laundry Closet

Exterior

Parking Features Garage Faces Front, Garage Faces Rear

Garage Spaces 6.0

Garage Description 6.0

Fence Block, Wrought Iron

Pool None

Community Features Suburban

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

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 6

Private Pool No

Building

Lot Description Rectangular Lot

Faces North

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 7263021023

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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2506 E 6th Long Beach, CA 90814