58
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$2,795,000
Est. payment /mo
7 Beds
6 Baths
4,343 Sqft Lot
Price Dropped by $90K
3409 E 2nd Street Long Beach, CA 90803
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Bluff Park (Blf)
MLS Listing ID PW26081664
Bedrooms 7
Lot Size 4,343 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
NEW PRICE! Exceptional Bluff Park Spanish Fourplex Owner-User Opportunity, Current Income & Future Upside Just Two Blocks from the Beach. Rarely does a property offer this combination of location, income, flexibility, and extensive improvements. If all four residences were rented, the property has the potential to generate approximately $11,495 per month / $137,940 annually in gross income. The spacious 4-bedroom, 2.5-bath current owners residence is estimated at $4,500 per month ($54,000 annually), while the three 1-bedroom residences currently generate a combined $6,995 per month ($83,940 annually). For an owner-user, the opportunity is equally attractive. Occupy the expansive four-bedroom main residence while collecting nearly $7,000 per month from the three additional residences, an exceptional combination of comfortable coastal living and substantial rental income. The property has benefited from over $700,000 in improvements, including an extensive reconstruction to the owners unit, taken down to the studs while carefully preserving the propertys original Spanish architecture and character. Improvements include updated plumbing and electrical systems, countertops, garage reconstruction, seismic retrofitting, HVAC, whole-house stereo, private laundry, and a private patio with built-in seating and BBQ. The residence also includes a two-car garage. Each of the three 1-bedroom residences enjoys its own private patio, while the property is centered around a beautifully landscaped courtyard accented by fountains, creating a wonderful sense of privacy, charm, and separation
Location
State CA
County Los Angeles
Zoning Assessor
Direction Redondo, east on to 2nd St
Interior
Cooling Central Forced Air, Wall/Window
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7264002010
Listed by Loree Scarborough, DRE#01257913 Compass
NEARBY SCHOOL & BUSINESS
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