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Key Details
Sold Price $1,675,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Artcraft Manor (Am)
MLS Listing ID PW22229836
Sold Date 07/07/23
HOA Y/N No
Year Built 1944
Lot Size 7,897 Sqft
Property Description
Welcome to this incredible investment opportunity in the heart of Long Beach. Located in a quiet residential neighborhood, this 4-unit property has been extensively remodeled to provide a complete turnkey investment. The front building (1536 sf), originally built in 1944 and completely remodeled in 2021, consists of two 2-bedroom, 1-bath units and the back building (990 sf, remodeled/converted in 2022) consists of one 1-bedroom, 1-bath unit (converted rumpus room) and one studio (ADU-converted garage). Each unit features shaker cabinets with soft-close drawers, quartz countertops, waterproof LVP flooring, stainless-steel appliances, multi-zoned mini-splits for air/heat, stackable in-unit laundry, new windows, new roof on back building, new gutters, tankless water heaters (servicing back building), recessed lighting, ceiling fans, new plumbing, new electrical wiring and panels, private entrances, and dedicated off-street parking space. Additionally, the front duplex has had voluntary seismic retrofit work completed in March. Each unit has their own address and is separately metered for water, gas and electricity. The property has been landscaped with artificial turf and rock minimizing any landscaping maintenance and water usage. There are security cameras (no monthly fee) installed around the perimeter of the property as well. Tenants pay all utilities (water, gas, electric) as well as sewer and trash. Owner responsible for property taxes, insurance and pest control. The property has easy access to the 405 FWY and is close proximity to the Traffic Circle shops and restaurants, Costco, Target, Home Depot, Lowes, Starbucks, CSULB, LBX and The Hangar, and much more.
Location
State CA
County Los Angeles
Area 35 - Artcraft Manor
Interior
Interior Features All Bedrooms Down
Heating Ductless, Zoned
Cooling Ductless, Zoned
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator, Tankless Water Heater, Water Heater, Dryer, Washer
Laundry Inside, Stacked
Exterior
Parking Features Assigned, Off Street, Paved, One Space
Pool None
Community Features Curbs, Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7218003005
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Miguel Belmonte • Century 21 Allstars