1921 E Washington Street
Long Beach, CA 90805
Active for $1,300,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 5,600 sqft
| MLS | PW24159134 |
| Year Built | 1949 |
| Property Type | Quadruplex |
| County | Los Angeles |
| Status | Active |
| Active | $1,300,000 |
| Structure Size | N/A sqft |
| Lot Size | 5,600 sqft |
| Beds | N/A |
| Baths | N/A |
Description
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 $1,300,000 Price/Unit $325,000 Price/sqft $408 Current Cap Rate 5.35% Market Cap Rate 6.26% Current GRM 16.62 Market GRM 14.43
Listing information courtesy of: Perry Karn, Southland Property Group . *Based on information from the Association of REALTORS/Multiple Listing as of 09/20/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Theresa Henderson
REALTOR®
Direct: 818.601.5341
Email: Email Me
DRE: 02137427
DRE #01873088
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