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    1635 E 53rd Street

    Long Beach, CA 90805
    • $849,900
    • STATUS: ACTIVE
    • ON SITE: 57 days
    • ID#: 302969823
    UPDATED: 55 min ago
    $849,900
    • 3
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    A Great Investment Opportunity. This Well Maintain Triplex has Three Tudor style Buildings on a Lot Located in a Quiet Neighborhood . Low operating expances with upside in rents and long term tenants. No vacancy rate! Low utility bill on average of $68/ month. Front Home Features 1 Bedroom, 1 Bath and has been Beautifully Upgraded , Washer & Dryer hook ups, Includes 2 Driveway Parking spaces, Front Yard and Beautiful front porch. All Three Units are 1 Bedroom, 1 Bathroom with washer and dryer hook ups , u A Great Investment Opportunity. This Well Maintain Triplex has Three Tudor style Buildings on a Lot Located in a Quiet Neighborhood . Low operating expances with upside in rents and long term tenants. No vacancy rate! Low utility bill on average of $68/ month. Front Home Features 1 Bedroom, 1 Bath and has been Beautifully Upgraded , Washer & Dryer hook ups, Includes 2 Driveway Parking spaces, Front Yard and Beautiful front porch. All Three Units are 1 Bedroom, 1 Bathroom with washer and dryer hook ups , upgrated in 2017, Separately Metered for Electrical and Gas, coper plumbing and new wirering. Backyard and Side-yard for the Rear Units . Middle unit has 1 car garage. Rear unit has 1 car garage plus 1 parking space, currently used as outdoor entertaining space. Minutes to Downtown Long Beach, Local Beaches, Close to all Major Freeways the 405, 91, and 710 , Location near Schools, Parks, Bixby Knolls, Restaurants, Medical Facilities, Shopping, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. The triplex was built in 1941 and consists of 1,752 SF of living space situated on a 6,610 SF lot . Potencial of increasing income with an ADU! One of the strongest rental markets in California - this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low and increase a unit portfolio.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.lajollaagent.com/homes/112118761
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    1635 E 53rd Street Long Beach, CA 90805

    • Price: $849,900
    • Status: ACTIVE
    • Updated: 55 min ago
    • ID#: 302969823
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    Neighborhood:
    Long Beach (90805)
    County:
    Los Angeles
    Area:
    Long Beach (90805)
    Property Description
    A Great Investment Opportunity. This Well Maintain Triplex has Three Tudor style Buildings on a Lot Located in a Quiet Neighborhood . Low operating expances with upside in rents and long term tenants. No vacancy rate! Low utility bill on average of $68/ month. Front Home Features 1 Bedroom, 1 Bath and has been Beautifully Upgraded , Washer & Dryer hook ups, Includes 2 Driveway Parking spaces, Front Yard and Beautiful front porch. All Three Units are 1 Bedroom, 1 Bathroom with washer and dryer hook ups , u A Great Investment Opportunity. This Well Maintain Triplex has Three Tudor style Buildings on a Lot Located in a Quiet Neighborhood . Low operating expances with upside in rents and long term tenants. No vacancy rate! Low utility bill on average of $68/ month. Front Home Features 1 Bedroom, 1 Bath and has been Beautifully Upgraded , Washer & Dryer hook ups, Includes 2 Driveway Parking spaces, Front Yard and Beautiful front porch. All Three Units are 1 Bedroom, 1 Bathroom with washer and dryer hook ups , upgrated in 2017, Separately Metered for Electrical and Gas, coper plumbing and new wirering. Backyard and Side-yard for the Rear Units . Middle unit has 1 car garage. Rear unit has 1 car garage plus 1 parking space, currently used as outdoor entertaining space. Minutes to Downtown Long Beach, Local Beaches, Close to all Major Freeways the 405, 91, and 710 , Location near Schools, Parks, Bixby Knolls, Restaurants, Medical Facilities, Shopping, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. The triplex was built in 1941 and consists of 1,752 SF of living space situated on a 6,610 SF lot . Potencial of increasing income with an ADU! One of the strongest rental markets in California - this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low and increase a unit portfolio.
    Exterior Features

    Pool N/K Roof Composition Site CurbsSidewalks Spa N/K

    Interior Features

    Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Water Heater Type Gas

    Property Features

    Actual Cap Rate 4.7 Annual Expense Actual 12542 Assessments N/K Buildings 3 Gross Rent Multiplier Actual 16.0 Gross Scheduled Income Actual 59514 Home Owners Fees 0.0 Possession Other/Remarks Tenant Pays SewerTrashElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1525.0 Unit2 Rent Actual 1550.0 Unit3 Rent Actual 1475.0 Zoning Assessor

    Listing provided courtesy of Berkshire Hathaway H.S.C.P.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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