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1672 E 56th Street

Long Beach, CA 90805
  • $899,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: OC21215273
UPDATED: 90 min ago
$899,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1944
County:

School Ratings & Info

Description

Great Area of Long Beach! Located in one of the strongest rental markets in California! 1672 E 56th St is a triplex located in North Long Beach. Built in 1944 consisting of 1,964 Square Feet of living space nicely situated on a great 6,858 Square Feet lot. This property offers a great unit mix which includes (2) 2-Bed/1-Bath units and (1) studio. The property has been well maintained and features a fenced-in back yard with a nicely remodeled studio. This is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low. Great Cash Flow incoming property at a 6% CAP, AS IS. With upside potential. Schedule your showing today!!!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-25T09:25:16.403. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/121885368
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1672 E 56th Street Long Beach, CA 90805

  • Price: $899,000
  • Status: Active
  • Updated: 90 min ago
  • ID#: OC21215273
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1944
Built
Neighborhood:
7 - North Long Beach
County:
Los Angeles
Area:
7 - North Long Beach
Property Description
Great Area of Long Beach! Located in one of the strongest rental markets in California! 1672 E 56th St is a triplex located in North Long Beach. Built in 1944 consisting of 1,964 Square Feet of living space nicely situated on a great 6,858 Square Feet lot. This property offers a great unit mix which includes (2) 2-Bed/1-Bath units and (1) studio. The property has been well maintained and features a fenced-in back yard with a nicely remodeled studio. This is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low. Great Cash Flow incoming property at a 6% CAP, AS IS. With upside potential. Schedule your showing today!!!
Exterior Features

Fencing Good ConditionWrought Iron Lot Features Front YardLandscaped Number Of Separate Electric Meters 2 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Shingle Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas OvenGas Range Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Flooring Laminate Interior Features Granite Counters

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Electricity - On Property Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 67800 Gross Scheduled Income 67800 Insurance Expense 626 Laundry Features Washer HookupElectric Dryer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Maintenance Expense 1458 Net Operating Income 54500 New Construction YN No New Taxes Expense 8322 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 13300 Other Expense 2300 Property Condition Updated/RemodeledTurnkey Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 5650 Trash Expense 0 Utilities Electricity AvailableNatural Gas AvailableSewer AvailableWater Available Water Sewer Expense 0 Water Source Public Zoning Lbr2n

Listing provided courtesy of Derek Gong of Re/Max Top Producers


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-25T09:25:16.403. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101