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Listed by Michael Domino • Coldwell Banker Realty
$2,050,000
Est. payment /mo
7,648 Sqft Lot
Price Dropped by $150K
1671 Park AVE Long Beach, CA 90815
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25046983
Style Contemporary
Originating Board California Regional MLS
Year Built 1949
Lot Size 7,648 Sqft
Property Sub-Type Fourplex
Property Description
No rent control! Incredible investment opportunity in the Circle area of Long Beach. The property comprises a two-bed, two-bath single-family residence (owner occupied) and the recently built multi-family triplex. The tri-plex was completed in 2015. Each unit is highly spacious and has the custom feel and appearance more of a condominium than an apartment. The three units consist of a two-story, three-bed, three-bath, of which the lower bedroom has been converted into a Junior ADU. The other two units consist of a two-bedroom, two-bath unit, and a one-bedroom, two-bath unit. All units, including the house (except the Junior ADU), have two-car garage parking. Each unit has a built-in laundry, a tankless water heater, central air, a private balcony, and a separate electrical, gas, and water meter. In addition to the three units, an adjacent common area bonus room is plumbed with a kitchenette and could easily be converted into an additional Junior ADU rental unit. The single-family residence has been re-modeled, and the roof on both structures is less than ten years of age. This is a substantial area for rental income, and this property delivers!
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Rooms
Kitchen Dishwasher
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Gas Hookup, 30, Other, Washer, Dryer
Exterior
Parking Features Garage
Garage Spaces 8.0
Pool None
Building
Story One Story
Water District - Public
Architectural Style Contemporary
Others
Tax ID 7220002010
Special Listing Condition Not Applicable
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