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Listed by William Mulkey, DRE #00986020 • TR Wealth Management Inc.
$905,000
Est. payment /mo
5,386 Sqft Lot
Active
2310 Elm Long Beach, CA 90806
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26120106
Year Built 1921
Lot Size 5,386 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Back on the market with a major price reduction - and priced to sell. This exceptional triplex features a detached (3) bedroom 1 bath home, and a duplex with (2) 1 bedroom 1 bath units located in the rear. This unit mix delivers strong in-place income of $6,865/month with clear upside through market rent increases. Interiors have been updated with fresh finishes and systems and recent capital improvements remodels, roof work, and exterior paint - substantially reducing near-term maintenance obligations for a new owner. For the investor, this property generates immediate cash flow from day one. With a 30% down conventional loan, you step into positive cash flow at current rents with strong long-term appreciation potential and multiple built-in avenues to grow income over time. In addition, ADU permits were pursued to convert existing garages into more units (buyer to verify) offering another value-add play. For the owner-user, this is a rare live-and-earn opportunity. Occupy one of the units and let the other two work for you - tenant rents offset a substantial portion of your monthly carrying costs, making homeownership in Long Beach dramatically more attainable while you build equity in a cash-flowing asset. FHA and low-down owner-occupant financing options may apply.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Heating Wall Furnace
Laundry Laundry Area, Other
Exterior
Garage Spaces 5.0
Pool None
Roof Type Shingle
Building
Water District - Public
Others
Tax ID 7208016022
Special Listing Condition Not Applicable
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