241 Lindero Ave, Long Beach, CA 90803, USA (不能交易)
出售, USD 1,800,000
241 Lindero Ave, Long Beach, CA 90803, USA, 长滩, 加利福尼亚, 美国
卧室 : 0
浴室 : 0
浴室(企缸) : 0
MLS#: N/A
楼盘简介
Prime Long Beach income property located in the highly desirable Belmont Heights / Bluff Heights area, just off Broadway, offering an exceptional opportunity for investors seeking a coastal multifamily asset. With a Walk Score of ninety-four out of one hundred, this highly walkable fourplex is approximately zero point three miles to the beach and conveniently close to Belmont Shore and Shoreline Village, providing easy access to dining, shopping, and entertainment.
This well-maintained four-unit property consists of approximately four thousand thirty-two square feet of living space on a six thousand one hundred nine square foot lot and was built in 1969. The property features a strong unit mix of one spacious three-bedroom, two-bath unit and three two-bedroom, one-bath units, spread across two levels.
One unit is currently vacant, offering immediate flexibility for an owner-occupant or the ability to lease at current market rent and increase cash flow. One of the units has recently been updated with a brand-new kitchen, flooring, and bathroom, enhancing overall tenant appeal.
Recent improvements include a roof replacement completed within the past few years. The property is also scheduled for termite clearance and exterior painting, providing a refreshed and updated appearance for future ownership.
The rear of the property features two two-car garages, with each unit assigned one garage space plus an additional dedicated parking space for the three-bedroom unit, totaling five parking spaces. Ample street parking adds further convenience, which is a valuable feature in this highly sought-after Long Beach location.
Priced at approximately four hundred forty-six dollars per square foot, this Long Beach multifamily property offers strong in-place income with upside potential. Based on current rents, the property is performing at approximately a four point eight percent cap rate with the ability to increase to roughly six percent plus once the vacant unit is leased at market rent.
Ideal for investors searching for a fourplex near the beach, a Long Beach income property with strong rental demand or a value-add multifamily opportunity in one of the most desirable coastal communities in Los Angeles County.
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This well-maintained four-unit property consists of approximately four thousand thirty-two square feet of living space on a six thousand one hundred nine square foot lot and was built in 1969. The property features a strong unit mix of one spacious three-bedroom, two-bath unit and three two-bedroom, one-bath units, spread across two levels.
One unit is currently vacant, offering immediate flexibility for an owner-occupant or the ability to lease at current market rent and increase cash flow. One of the units has recently been updated with a brand-new kitchen, flooring, and bathroom, enhancing overall tenant appeal.
Recent improvements include a roof replacement completed within the past few years. The property is also scheduled for termite clearance and exterior painting, providing a refreshed and updated appearance for future ownership.
The rear of the property features two two-car garages, with each unit assigned one garage space plus an additional dedicated parking space for the three-bedroom unit, totaling five parking spaces. Ample street parking adds further convenience, which is a valuable feature in this highly sought-after Long Beach location.
Priced at approximately four hundred forty-six dollars per square foot, this Long Beach multifamily property offers strong in-place income with upside potential. Based on current rents, the property is performing at approximately a four point eight percent cap rate with the ability to increase to roughly six percent plus once the vacant unit is leased at market rent.
Ideal for investors searching for a fourplex near the beach, a Long Beach income property with strong rental demand or a value-add multifamily opportunity in one of the most desirable coastal communities in Los Angeles County.
