1635 E 53rd Street, Long Beach, CA 90805

$849,900
1,752
SqFt
List Price
$849,900
Price Change
▼ $40,100 1606648692
Status
ACTIVE
MLS#
PW20244736
Year Built
1941
Living Sq. Ft
1,752
Lot Size
6,610
Acres
0.1517
Lot Location
2-5 Units/Acre
Days on Market
19
Property Type
Multifamily
Style
Ranch
Property Sub Type
Triplex
Stories
One Level
Builders Tract Code
Cherry Manor (CM)
Neighborhood
North Long Beach (Nlb)

Property Description

A Great Investment Opportunity. This Well Maintain Triplex has Three Tudor style Buildings on a Lot Located in a Quiet Neighborhood . Low operating expances with upside in rents and long term tenants. No vacancy rate! Low utility bill on average of $68/ month. Front Home Features 1 Bedroom, 1 Bath and has been Beautifully Upgraded , Washer & Dryer hook ups, Includes 2 Driveway Parking spaces, Front Yard and Beautiful front porch. All Three Units are 1 Bedroom, 1 Bathroom with washer and dryer hook ups , upgrated in 2017, Separately Metered for Electrical and Gas, coper plumbing and new wirering. Backyard and Side-yard for the Rear Units . Middle unit has 1 car garage. Rear unit has 1 car garage plus 1 parking space, currently used as outdoor entertaining space. Minutes to Downtown Long Beach, Local Beaches, Close to all Major Freeways the 405, 91, and 710 , Location near Schools, Parks, Bixby Knolls, Restaurants, Medical Facilities, Shopping, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. The triplex was built in 1941 and consists of 1,752 SF of living space situated on a 6,610 SF lot . Potencial of increasing income with an ADU! One of the strongest rental markets in California - this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low and increase a unit portfolio.

Additional Information

Tract Number
.
Lot Description
Curbs, Sidewalks
Appliances
Gas Range, Gas Water Heater, Water Heater
Pool Description
None
Heat
Wall Furnace
View
Neighborhood
Roof
Composition, Shingle
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$59,514
Operating Expense
12542
Unit One Total Units
1
Unit One Beds
1
Unit One Baths
1
Unit One Garage Spaces
2.00
Unit One Actual Rent
1525.00
Unit One Total Rent
18300.00
Unit One Pro Forma
19947
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
1
Unit Two Baths
1
Unit Two Garage Spaces
1.00
Unit Two Actual Rent
1550.00
Unit Two Total Rent
18600.00
Unit Two Pro Forma
20274
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
1
Unit Three Baths
1
Unit Three Garage Spaces
2.00
Unit Three Actual Rent
1475.00
Unit Three Total Rent
17700.00
Unit Three Pro Forma
19293
Unit Three Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Elena Zhurbenko from Berkshire Hathaway H.S.C.P.

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.