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Listed by Loree Scarborough, DRE #01257913 • Compass
$2,795,000
Est. payment /mo
4,343 Sqft Lot
Price Dropped by $90K
3409 E 2nd ST Long Beach, CA 90803
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26081664
Style Spanish
Year Built 1924
Lot Size 4,343 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
NEW PRICE! Exceptional Bluff Park Spanish Fourplex -Owner-User Opportunity, Current Income & Future Upside Just Two Blocks from the Beach. Rarely does a property offer this combination of location, income, flexibility, and extensive improvements. If all four residences were rented, the property has the potential to generate approximately $11,495 per month / $137,940 annually in gross income. The spacious 4-bedroom, 2.5-bath current owner's residence is estimated at $4,500 per month ($54,000 annually), while the three 1-bedroom residences currently generate a combined $6,995 per month ($83,940 annually). For an owner-user, the opportunity is equally attractive. Occupy the expansive four-bedroom main residence while collecting nearly $7,000 per month from the three additional residences, an exceptional combination of comfortable coastal living and substantial rental income. The property has benefited from over $700,000 in improvements, including an extensive reconstruction to the owners unit, taken down to the studs while carefully preserving the property's original Spanish architecture and character. Impr
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Rooms
Kitchen Oven Range - Built-In, Built-in BBQ Grill
Interior
Heating Wall Furnace , Central Forced Air
Cooling Central AC, Window / Wall Unit
Laundry In Laundry Room, Laundry Area, Washer/Dryer - Owned
Exterior
Parking Features Garage
Garage Spaces 4.0
Pool 31, None
View Local/Neighborhood, Ocean
Roof Type Tile
Building
Sewer Sewer Available
Water District - Public
Architectural Style Spanish
Others
Tax ID 7264002010
Special Listing Condition Not Applicable
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