$2,000,000
$2,050,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
7,649 Sqft Lot
SOLD DATE : 06/30/2025
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Circle (Ca)
MLS Listing ID PW25046983
Sold Date 06/30/25
HOA Y/N No
Year Built 1949
Lot Size 7,649 Sqft
Property Sub-Type Quadruplex
Property Description
No rent control! Incredible investment opportunity in the Circle area of Long Beach. The property comprises a two-bed, two-bath single-family residence (owner occupied) and the recently built multi-family triplex. The tri-plex was completed in 2015. Each unit is highly spacious and has the custom feel and appearance more of a condominium than an apartment. The three units consist of a two-story, three-bed, three-bath. The other two units consist of a two-bedroom, two-bath unit, and a one-bedroom, two-bath unit. All units, including the house have two-car garage parking. Each unit has a built-in laundry, a tankless water heater, central air, a private balcony, and a separate electrical, gas, and water meter. In addition to the three units, an adjacent common area bonus room is plumbed with a kitchenette and could easily be converted into an additional Junior ADU rental unit. The single-family residence has been re-modeled, and the roof on both structures is less than ten years of age. This is a substantial area for rental income, and this property delivers!
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR4R
Interior
Interior Features Balcony, Ceramic Counters, Granite Counters, High Ceilings, All Bedrooms Up
Heating Central
Cooling Central Air
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Tankless Water Heater, Dryer, Washer
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Parking Features Garage Faces Front
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Biking, Golf, Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected
Total Parking Spaces 8
Private Pool No
Building
Lot Description Rectangular Lot, Walkstreet
Story 1
Entry Level One,Two
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories One, Two
New Construction Yes
Others
Senior Community No
Tax ID 7220002010
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Nicolette Nikolic Dreamscape Real Estate
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Managing Broker, JD | Lic# DRE# 01065018/02178736