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Listed by Nhat Nguyen, DRE #02254340 • Villa Real Estate Partners Inc
$ 1,598,000
Est. payment /mo
New
486 E Adair Long Beach, CA 90805
6,089 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26096551
Style Cottage,Ranch
Year Built 1939
Lot Size 6,089 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
(4) unit multi-family building in Long Beach, CA. The building features unit mix of (1) 3 Bed/1 Bath unit and (3) 1 Bed/1 Bath units stretching across 2,800+/- rentable square feet. This stabilized asset offers tremendous opportunity for 1031 exchange buyers looking to increase their cash flow on Day 1. Further, a substantial portion of Rental Income of rents secured by Section 8 Vouchers by Housing Assistant Long Beach Minimizing risk and providing reliable cash flow, so the uncertainty of future rent moratoriums will significantly reduce the likelihood of lost revenue. The property also includes on site Washer and dryer laundry. The building is in excellent condition, and all (4) units have been extensively remodeled with professional grade finishes. In addition, the gated entry ensures secured access to the property. The property is located within close proximity to many retail, dining, and entertainment options that greatly benefit the tenant mix. This is an investment with strong existing cash flow and minimal maintenance required which is add this solid asset to your rental portfolio. Sellers is Real Estate License in state of California. ALL OFFERS SUBJECT INTERIROR INSPECTION
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Rooms
Kitchen Dishwasher, Oven Range - Gas
Interior
Heating Electric
Cooling None
Flooring Laminate
Laundry Laundry Area
Exterior
Parking Features No Parking
Pool 31, None
View None
Roof Type 2
Building
Story One Story, Split Level
Foundation Concrete Perimeter
Water District - Public
Architectural Style Cottage, Ranch
Others
Tax ID 7125015029
Special Listing Condition Not Applicable
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