486 E Adair, Long Beach, CA 90805
- $1,598,000
- List Price
- $1,598,000
- Status
- ACTIVE
- MLS#
- PW26096551
- Year Built
- 1939
- Lot Size
- 6,089
- Acres
- 0.14
- Lot Location
- Corner Lot
- Days on Market
- 85
- Property Type
- Multifamily
- Style
- Cottage, Ranch
- Property Sub Type
- Triplex
- Stories
- One Level, Multi Level
- Neighborhood
- North Long Beach (Nlb)
Property Description
(4) unit multi-family building in Long Beach, CA. The building features unit mix of (1) 3 Bed/1 Bath unit and (3) 1 Bed/1 Bath units stretching across 2,800+/- rentable square feet. This stabilized asset offers tremendous opportunity for 1031 exchange buyers looking to increase their cash flow on Day 1. Further, a substantial portion of Rental Income of rents secured by Section 8 Vouchers by Housing Assistant Long Beach Minimizing risk and providing reliable cash flow, so the uncertainty of future rent moratoriums will significantly reduce the likelihood of lost revenue. The property also includes on site Washer and dryer laundry. The building is in excellent condition, and all (4) units have been extensively remodeled with professional grade finishes. In addition, the gated entry ensures secured access to the property. The property is located within close proximity to many retail, dining, and entertainment options that greatly benefit the tenant mix. This is an investment with strong existing cash flow and minimal maintenance required which is add this solid asset to your rental portfolio. Sellers is Real Estate License in state of California. ALL OFFERS SUBJECT INTERIROR INSPECTION
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Additional Information
- Appliances
- Dishwasher, Gas Range
- Pool Description
- None
- Heat
- Electric
- Cooling Description
- None
- View
- None
- Exterior Construction
- Asphalt, Lap Siding
- Roof
- Asphalt
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $8,900
- Operating Expense
- 300
Listing courtesy of Listing Agent: Nhat Nguyen (nhat450@yahoo.com) from Listing Office: Villa Real Estate Partners Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.