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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$995,000

Est. payment - /mo

5,597 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW26066695

Construction Status Termite Clearance

HOA Y/N No

Year Built 1918

Annual Tax Amount $4,825

Lot Size 5,597 Sqft

Property Sub-Type Duplex

Property Description

Prime Income-Producing Duplex in the Heart of Long Beach. This exceptional investment opportunity in one of Southern California's most dynamic coastal cities is centrally located in a high-rental demand market and offers the perfect blend of steady rental income, future growth, and great location.
The property is comprised of 2 separate units, ideal for investors or owner-occupants. Both units have new exterior & interior paint. Each unit features its own private garage - a highly desirable amenity for tenants giving it a competitive advantage to surrounding rentals and added rental value. The Front unit is currently rented at $3180/month, providing immediate income from day one. The front unit is comprised of 5 bedrooms (smaller sized) that have recent hard surface floor updates and 2 bathrooms. The spacious living room has tiled floors that extend to the ample kitchen equipped with abundant dark-stained cabinetry, granite countertops and includes a stove with fan/hood and double well sink. There's also a charming shaded front porch, ample driveway parking that accommodates up to 3 vehicles and comes equipped with a wall heater. The back unit is currently vacant and has 4 rooms and 2 bathrooms with tile floors and hard floor surfaces throughout. The kitchen has ample wood-stained cabinetry with granite countertops and includes a stove and fan hood. The main bathroom has a tub and shower combo with pedestal sink and 2nd bathroom has a stand-alone shower. The driveway is accessible from an alley in the back that accommodates 1 car plus a 1 car garage. There's also a private backyard with nice avocado tree.
The property is conveniently located close by to everything that makes Long Beach so desirable. Close to Retro Row for unique boutiques, cafes, and local charm. Enjoy top-rated eateries and nightlife along 4th Street Corridor and a short 1.5-mile drive to Long Beach City Beach and waterfront attractions. Outdoor Recreation includes nearby Bixby Park and conveniently located just 3.5 miles from California State University, Long Beach. The property is just steps away from the bus pick-up and local grocery store and restaurants. Don't miss out on this great investment property with multiple possibilities for owner occupants, house-hacking and pad splitting.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Interior Features Ceiling Fan(s), Granite Counters, Unfurnished

Heating Natural Gas, Wall Furnace

Cooling None

Flooring See Remarks, Tile

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Water Heater

Laundry None

Exterior

Parking Features Door-Single, Garage Faces Front, Garage, Garage Faces Rear

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

Fence Wood

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Shingle

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Termite Clearance

Others

Senior Community No

Tax ID 7262008023

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac, VA Loan

Special Listing Condition Standard

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Listed by Omar Ruiz Home Choice Property Mgt 7143093823, DRE #02219862

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent License ID: 01854556

1060 Cherry #A & B Long Beach, CA 90813

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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