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    3809 E 2nd Street

    Long Beach, CA 90803
    • $2,499,500
    • STATUS: CONTINGENT
    • ON SITE: 98 days
    • ID#: 302914648
    Under Contract
    UPDATED: 19 min ago
    $2,499,500
    • 8
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Beautiful Pride of Ownership 6 unit building in Belmont Heights. This Classic Spanish building is comprised of 5,888 square feet of living square footage and on a full lot of 6,749 square feet. The building is comprised of (4) 2bd/1bth units, (2) 1bd/1bth units, and 5 single car garages. The units are large and spacious and all six units have hardwood floors. Small outdoor courtyard between the front and rear structures. The building was made earthquake compliant by bolting the building to the foundation Beautiful Pride of Ownership 6 unit building in Belmont Heights. This Classic Spanish building is comprised of 5,888 square feet of living square footage and on a full lot of 6,749 square feet. The building is comprised of (4) 2bd/1bth units, (2) 1bd/1bth units, and 5 single car garages. The units are large and spacious and all six units have hardwood floors. Small outdoor courtyard between the front and rear structures. The building was made earthquake compliant by bolting the building to the foundation in 2018. The Belmont Heights location is one of the most desirable in all of Southern California. The property is walking distance to the beach, bike path as well as the popular 2nd Street shopping and dining. Upside in the rents without having to do any major capital improvements. Dense rental market with low vacancy and strong income growth. Don't miss this amazing investment opportunity on an excellent location.

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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.92130homesonline.com/homes/110826637
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    3809 E 2nd Street Long Beach, CA 90803

    • Price: $2,499,500
    • Status: CONTINGENT
    • Updated: 19 min ago
    • ID#: 302914648
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1924
    Built
    Neighborhood:
    Long Beach (90803)
    County:
    Los Angeles
    Area:
    Long Beach (90803)
    Property Description
    Beautiful Pride of Ownership 6 unit building in Belmont Heights. This Classic Spanish building is comprised of 5,888 square feet of living square footage and on a full lot of 6,749 square feet. The building is comprised of (4) 2bd/1bth units, (2) 1bd/1bth units, and 5 single car garages. The units are large and spacious and all six units have hardwood floors. Small outdoor courtyard between the front and rear structures. The building was made earthquake compliant by bolting the building to the foundation Beautiful Pride of Ownership 6 unit building in Belmont Heights. This Classic Spanish building is comprised of 5,888 square feet of living square footage and on a full lot of 6,749 square feet. The building is comprised of (4) 2bd/1bth units, (2) 1bd/1bth units, and 5 single car garages. The units are large and spacious and all six units have hardwood floors. Small outdoor courtyard between the front and rear structures. The building was made earthquake compliant by bolting the building to the foundation in 2018. The Belmont Heights location is one of the most desirable in all of Southern California. The property is walking distance to the beach, bike path as well as the popular 2nd Street shopping and dining. Upside in the rents without having to do any major capital improvements. Dense rental market with low vacancy and strong income growth. Don't miss this amazing investment opportunity on an excellent location.
    Exterior Features

    Exterior Stucco Pool N/K

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 3.58 Annual Expense Actual 48590 Assessments N/K Buildings 2 Gross Rent Multiplier Actual 17.13 Gross Scheduled Income Actual 145920 Home Owners Fees 0.0 Possession Close Of Escrow Tenant Pays Cable TvElectricityGas/Propane Terms Exchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 2100.0 Unit2 Rent Actual 2100.0 Unit3 Rent Actual 2080.0 Unit4 Rent Actual 2095.0 Zoning Assessor

    Listing provided courtesy of Pabst, Kinney & Associates. 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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    Wannebo Real Estate Group
    3636 Nobel Drive Suite 170
    San Diego CA, 92122