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Property Description

PRIME INVESTMENT OPPORTUNITY! Situated on a tranquil cul-de-sac and within walking distance to Steven’s Middle School, this meticulously maintained property offers four updated units, comprised of a diverse unit mix of (1) 3bd 1.5ba owners unit (1) 2bd 1.5 bath (3) 1bd 1ba and (1) studio. Recent upgrades include updated plumbing, electrical, water heater(s), wall heater(s), and interior renovations. The large driveway offers plenty of off street parking for the tenants.

This excellent value-add opportunity boasts over 70% upside in income potential. Additional income is available with a coin-operated laundry room with a $200 monthly revenue potential. Priced attractively at $259,167/ unit, this investment gem is a rare find in Long Beach. Don’t miss out on the chance to secure a lucrative investment property with strong tenant demand and substantial income growth potential.

Features
: Wall Furnace
: Wall/window Unit(s)
: Park/greenbelt, Neighborhood
1
1
: Common Area, Washer Hookup, Dryer Included, Washer Included, Community
0
: Street Lights, Park, Biking, Suburban
Additional Information
Buckingham Investments, Inc
0
SBCROSCHR
SB1301700
Christopher
7314014019
: Standard
One
35

Multi-Family For Sale

2123 Columbia Street, Long Beach, California 90810

3,338 Sqft
$1,555,000
Listing ID #SB24066151
Basic Details
Status : Active
DaysOnMarket : 15
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : SB24066151
Price : $1,555,000
Living Area : 3,338 Sqft
Lot Size : 9,278 Sqft
Year Built : 1946
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90810
Price Per Square Foot : $466
Subdivision : Westside/North of Willow (WNW)
ModificationTimestamp : 2024-04-18 16:29:37
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