440 N Zona Court, Long Beach, CA 90802

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Glen Henderson

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

$975,000

Est. payment - /mo

2 Beds

2,546 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID SB25234349

Bedrooms 2

Lot Size 2,546 Sqft

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

Property Description

Perfect starter 4 unit property on a quiet street only blocks from the Beach and Downtown. Front one bed, one bath bungalow plus three studios in the rear. Front house full of historic character with hardwood floors, craftsman built-ins, large windows, renovated bathroom, kitchen, dining room, service porch and interior paint. Three well laid out studios in the rear with separate entrances, full sized bathrooms and kitchens. Well priced on actual income at 12.8X GRM plus a 9% upside to 11.8X GRM and over a 5% cap rate. Upgrades from 2020 on include newer electrical panels, new roof on front house, refreshed roof on back structure, full exterior paint, remodeled front house and one studio. Separately metered for gas and electric. Excellent location in Alamitos Beach just outside of Downtown Long Beach's East Village Arts District. Located on a small, quiet side street full of historic properties (not an alley like many "court" streets). Only 4 blocks to the beach, less than a block into the Downtown, and a few blocks to Retro Row. Walk Score 94/100

Location

State CA

County Los Angeles

Zoning Assessor

Direction Just SouthWest of Alamitos and 5th St

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7266008007

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Listed by Anthony Walker Buckingham Investments, Inc

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

440 N Zona Court Long Beach, CA 90802

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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