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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$879,000

Est. payment - /mo

4,721 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID PW26218245

HOA Y/N No

Year Built 1959

Lot Size 4,721 Sqft

Property Sub-Type Triplex

Property Description

Excellent Investment Opportunity – Triplex with ADU Potential! Welcome to this versatile triplex with ADU potential, ideally situated in a highly desirable rental area. This property presents an excellent opportunity for investors seeking to expand their portfolio or owner-occupants looking for rental income to offset costs. The front of the property features a very spacious, updated barbershop with modern finishes and a big screen TV, creating an inviting and contemporary space. Toward the rear of the building are two one-bedroom units, both featuring select upgrades and offering additional rental income potential. Adding more value is a large two-car garage with high ceilings, presenting exciting potential for a future ADU. In addition, the property offers four parking spaces, adding convenience and always a valuable commodity. With new construction homes just one block away, this property presents an investment opportunity in a neighborhood experiencing continued development. Conveniently located, it is minutes from Bixby Knolls, Trader Joe's, shopping, parks, and easy freeway access. With existing rental income, ample parking, and the potential to further maximize the property's value, this triplex offers flexibility and exciting possibilities and is a great opportunity for both investors and owner-occupants seeking long-term growth.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Street Lights, Sidewalks, Park

Total Parking Spaces 6

Private Pool No

Building

Lot Description Near Park

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7125034022

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan

Special Listing Condition Standard

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Listed by Denise Reesha Keller Williams Pacific Estate 562-301-9538, DRE #01411207

NEARBY SCHOOL & BUSINESS

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5949 Atlantic AVE Long Beach, CA 90805