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1310 W Parade St Long Beach, CA 90810
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Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,019 sqft
Price per Sqft $219
MLS Listing ID 24-395287
Sold Date 06/26/24
Style California Bungalow
Bedrooms 12
Year Built 1930
Lot Size 8,549 Sqft
Acres 0.1963
Property Description
*Prime Multi-Unit Investment Opportunity in Long Beach, CA*Discover this exceptional multi-unit property located just 1.5 miles from downtown Long Beach and conveniently close to major freeways. This unique offering comprises seven units spread across three separate buildings, presenting an ideal investment with significant rental potential.*Property Highlights:*- *Three Separate Buildings:*- Stand-Alone Bungalow: A charming 2 bed, 1 bath home featuring an attached garage and private yard, perfect for attracting long-term tenants. -*Four-Unit Building:* A two-story structure, each unit offering 2 bedrooms and 1 bathroom, providing consistent rental income. - *Spanish-Style Duplex:* Classic architecture with two 1 bed, 1 bath units, adding diversity to your rental portfolio.- *Parking:* Dedicated parking for 4 cars located at the rear of the property.- *Occupancy:* All units are currently occupied, ensuring immediate rental income from day one. The property will be delivered fully occupied at close of escrow.- *Potential:* With some updating, this property can significantly increase its rental income, making it an excellent opportunity for investors looking to enhance their portfolio. This multi-unit property offers a blend of stable occupancy and potential for growth, all in a prime Long Beach location.
Location
State CA
County Los Angeles
Area Westside
Zoning LBR2N
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Flooring Carpet, Laminate
Equipment Range/Oven
Exterior
Parking Features Driveway - Concrete, Garage - 1 Car
Garage Spaces 5.0
View Y/N No
View None
Building
Story 2
Architectural Style California Bungalow
Level or Stories Multi/Split
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Keller Williams Studio City