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489 E 55th St

Long Beach, CA 90805
  • $1,600,000
  • STATUS: ACTIVE
  • ON SITE: 41 Days
  • ID#: 240001750
UPDATED: 161 min ago
$1,600,000
  • 9
    BEDS
  • 0.17
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

Amazing turn key investment opportunity. One 3 bed 2 bath and three 2 bed 1 bath. All units occupied. Great for an investor or to live in one and rent out the other 3. Each unit has its own single car detached garage and the three bedroom has a 2 car detached garage and private patio. Coin operated laundry in on the premises for additional income. Do not miss out on this opportunity to purchase a ready to go income producing investment property! Do not disturb tenants. All offers subject to interior inspection. (Additional pictures coming soon!)

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/146863134
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489 E 55th St Long Beach, CA 90805

  • Price: $1,600,000
  • Status: ACTIVE
  • On Site: 41 Days
  • Updated: 161 min ago
  • ID#: 240001750
9
Beds
5
Baths
0
½ Baths
0.17
Acres
1965
Built
Neighborhood:
Long Beach
County:
Los Angeles
Area:
Long Beach (90805)
Property Description
Amazing turn key investment opportunity. One 3 bed 2 bath and three 2 bed 1 bath. All units occupied. Great for an investor or to live in one and rent out the other 3. Each unit has its own single car detached garage and the three bedroom has a 2 car detached garage and private patio. Coin operated laundry in on the premises for additional income. Do not miss out on this opportunity to purchase a ready to go income producing investment property! Do not disturb tenants. All offers subject to interior inspection. (Additional pictures coming soon!)
Exterior Features

Exterior Brick Fencing Partial Parking Garage Desc Unit1 Detached Parking Garage Desc Unit2 Detached Parking Garage Desc Unit3 Detached Parking Garage Desc Unit4 Detached Parking Garage Spaces Unit1 2 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 1 Parking Garage Spaces Unit4 1 Roof Tile/Clay Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 4 Units With Patios 1

Interior Features

Cooling Zoned Area(s) Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 2 Units With Dishwashers 0 Units With Dryers 4 Units With Fireplaces 1 Units With Range Oven 4 Units With Refrigerators 0 Units With Washers 4

Property Features

Actual Cap Rate 6.6 Age Restrictions N/K Annual Expense Actual 9200 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Complex Park nk Cross Streets Linden Ave Gross Rent Multiplier Actual 15.0 Gross Scheduled Income Actual 105972 Mandatory Remarks None Known Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 540 Pets Yes Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TVElectricity Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 2460 Unit1 Occupied Tenant Unit1 Rent Actual 2860.0 Unit2 Deposit 2081 Unit2 Occupied Tenant Unit2 Rent Actual 2081.0 Unit3 Deposit 1895 Unit3 Occupied Tenant Unit3 Rent Actual 1895.0 Unit4 Deposit 1995 Unit4 Occupied Tenant Unit4 Rent Actual 1995.0 Zoning R

San Diego MLS logo Listing provided courtesy of Lucca Grassi of Compass: 619-301-3416. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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