6,673 Sqft Lot
6,673 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID PW24212754
HOA Y/N No
Year Built 1961
Lot Size 6,673 Sqft
Property Description
Offered at an unbeatable $1,229,900, most of the recently remodeled units, move-in-ready 3-unit property in Long Beach is a gem for investors and owner-occupants. Boasting an impressive 6% cap rate and the potential to generate over $100,800 in annual gross income, this property is a cash-flow dream. Each of the two 2-bedroom units rents for $2,600, while the spacious 3-bedroom unit brings in $3,200—all at current market rates.
Located just minutes from the beach, this property is primed for Airbnb potential, offering even higher returns for short-term rentals. It’s fully remodeled with modern amenities and high-quality finishes, ensuring it's completely turnkey with no additional work needed—just start collecting rent from day one.
The property also includes 4 single-car garages, providing secure parking for tenants and potential for extra income. With the possibility for future development or conversion to an Accessory Dwelling Unit (ADU), the opportunities here are endless.
Everything is separately metered (except water), keeping maintenance costs low for hassle-free ownership. Don’t miss out on this rare chance to own a high-income-producing property in a prime Long Beach location. Act fast—deals like this in Wrigley don’t last long!
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR1N
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights
View Y/N Yes
View Neighborhood
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Back Yard, Front Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7202030031
Acceptable Financing Cash, Cash to Existing Loan, Conventional, VA Loan
Listing Terms Cash, Cash to Existing Loan, Conventional, VA Loan
Special Listing Condition Standard
Why Work With The Raymond Team?
How Does The Raymond Team Deliver Exceptional Real Estate Service?
Expert Guidance
We educate you on the market and guide you to the best best decision about your move.
Proven Systems
Over 23 years of real estate experience has helped us perfect our results-driven buying and selling systems.
Results Driven
We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.
MORTGAGE CALCULATOR
By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.
Ready to Take the First Step?
We are a team of full-time, dedicated professionals who specialize in specific areas of real estate, and we get Results.
When you work with one of us, you receive a team of committed professionals working together, putting your goals above their own, to ensure you receive the best customer service.
GET MORE INFORMATION
Broker Associate | License ID: 01342959