2207 E 2nd Street

    Long Beach, CA 90803
    • $1,350,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: RS18166480
    UPDATED: 35 min ago
    $1,350,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,991
      SQFT
    • $338
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    Rare opportunity to purchase a massive Triplex in the prestigious Bluff Park neighborhood in Long Beach, CA. Incredible opportunity for both investors or someone looking to live in the massive 3 Bed / 3 Bath Owner's unit and rent the other two. The 3 Bed / 3 Bath sits below a large 3 Bed / 2 Bath with an enclosed patio and there is a separate spacious studio over a two car garage. Premier Bluff Park location next to multi-million dollar homes and within walking distance to local amenities (Walk Score of 89 & Bike Score of 91). The property is located in a historical district, but does NOT hold a historical designation, allowing for a much smoother renovation process. Units feature charming early 1900's original hardwood floors and built-ins, allowing an owner to restore the original charm, modernize the interiors and raise rents significantly.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-24T07:27:42.12. 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.
    www.playavistaliving.com/homes/85507336

    2207 E 2nd Street Long Beach, CA 90803

    • Price: $1,350,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: RS18166480
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,991
    SQFT
    $338
    $/SQFT
    1911
    Built
    Neighborhood:
    Bluff Park (Blf)
    County:
    Los Angeles
    Area:
    2 - Belmont Heights, Alamitos Heights
    Property Description
    Rare opportunity to purchase a massive Triplex in the prestigious Bluff Park neighborhood in Long Beach, CA. Incredible opportunity for both investors or someone looking to live in the massive 3 Bed / 3 Bath Owner's unit and rent the other two. The 3 Bed / 3 Bath sits below a large 3 Bed / 2 Bath with an enclosed patio and there is a separate spacious studio over a two car garage. Premier Bluff Park location next to multi-million dollar homes and within walking distance to local amenities (Walk Score of 89 & Bike Score of 91). The property is located in a historical district, but does NOT hold a historical designation, allowing for a much smoother renovation process. Units feature charming early 1900's original hardwood floors and built-ins, allowing an owner to restore the original charm, modernize the interiors and raise rents significantly.
    Exterior Features

    Garage Spaces 2.00 Lot Features 21-25 Units/AcreBack YardFront YardLevel With StreetYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway - ConcreteGarage Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Flooring Wood Laundry Features Gas Dryer HookupInsideWasher Hookup

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.32 Community Features CurbsGuttersStorm DrainsStreet LightingUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 71700.00 Gross Multiplier 18.83 Gross Operating Income 69549.00 Gross Scheduled Income 71700.00 Insurance Expense 1596.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Maintenance Expense 3000.00 Net Operating Income 44860.00 New Taxes Expense 17043.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 24689.00 Operating Expense Percent 35.00 Other Expense 1200.00 Other Expense Description Utilitie Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Bluff Park (Blf) Tenant Pays ElectricityGasTrash Collection Total Expenses 24689.00 Trash Expense 0.00 Vacancy Allowance 2151 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lbr3s

    Listing provided courtesy of Andrew Mcallister of Nationwide Real Estate Execs.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-24T07:27:42.12. 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.
     
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