1921 E Washington Street, Long Beach, CA 90805

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

Jul

Sun

Jul

Mon

Jul

Glen Henderson

[email protected] +1(619) 889-7646

$1,175,000

Est. payment - /mo

7 Beds

6 Baths

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID PW25003991

Bedrooms 7

Property Sub-Type Res Income 2-4 Units

Property Description

**PRICE REDUCTION** Located on a quiet side street off one of the major thoroughfares in North Long Beach providing a great location and ease of commute for tenants. The property is close to local bus stops, multiple parks, and shopping centers, as well as The Michelle Obama Library. The property sits within 2 miles of both the 91 and 710 freeways. The property is also only a short drive to both downtown Long Beach and the Beach. This fourplex consists of a front building made up of three 1 Bed 1 Bath units each with a garage, and a rear building which is a detached 4 Bed 2 Bath house The rear house sits at ~1728 sqft. While the front building units average ~485 sqft. The tenants pay their own utilities, keeping the utilities low. This building is currently fully occupied and has had less than 3% vacancy over the last 3 years. Two of the units have been partially renovated during the most recent tenant transitions. This property also has storage and laundry room opportunities for potential sellers to build out. Price $1,250,000 Price/Unit $312,500 Price/sqft $408 Current Cap Rate 5.35% Market Cap Rate 6.26% Current GRM 16.62 Market GRM 14.43

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Head South on Cherry Ave from route 91 and take a right on Washington street. It is the second property on the ride side.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7128032018

Read Less Info

Listed by Perry Karn Southland Property Group

Get More Information

Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

1921 E Washington Street Long Beach, CA 90805

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information