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    260 E 25th Street

    Long Beach, CA 90806
    • $1,350,000
    • STATUS: CONTINGENT
    • ON SITE: 31 days
    • ID#: 302584147
    Under Contract
    UPDATED: 41 min ago
    $1,350,000
    • 9
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    Owner-occupied opportunity available!! Remodeled, Townhouse style 4-plex located at 260 E. 25th St., Long Beach. Sitting at 5,081 Sq.Ft, this spacious property is an absolute steal for any new owner. The 25th St. property has an incredibly strong unit mix, being comprised of (1) 3-Bedroom/2-Bath unit, (2) 2-Bedroom/1.5-Bath units, and (1) 2 Bedroom/1-Bath unit. Three of the units offer large back door patios. Remodels to the property include new bathrooms/kitchens, hardwood and stone flooring, and granite Owner-occupied opportunity available!! Remodeled, Townhouse style 4-plex located at 260 E. 25th St., Long Beach. Sitting at 5,081 Sq.Ft, this spacious property is an absolute steal for any new owner. The 25th St. property has an incredibly strong unit mix, being comprised of (1) 3-Bedroom/2-Bath unit, (2) 2-Bedroom/1.5-Bath units, and (1) 2 Bedroom/1-Bath unit. Three of the units offer large back door patios. Remodels to the property include new bathrooms/kitchens, hardwood and stone flooring, and granite countertops. The property has also undergone a full copper re-pipe as well as a brand new roof put on only 2 years ago. One 2 Bed/1.5-Bath unit can be delivered vacant upon the close of escrow, allowing for owner occupancy or the new investor. There are (4) garages: (3) one-car and (1) two-car conveniently located for all tenants, as well as an opportunity for extra income for the new owner. Being offered at a current 4.62% Cap, there is still plenty of room in rental upside, offering a 6.55% Cap and 11.33 GRM. This "all electric" property is separately metered. With $6B in development flowing into the city, Long Beach has continued to rise as a top beach community. This is a perfect opportunity for any buyer or owner/user looking for a renovated 4-plex in one of Long Beachs fastest growing markets.

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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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/107607541
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    260 E 25th Street Long Beach, CA 90806

    • Price: $1,350,000
    • Status: CONTINGENT
    • Updated: 41 min ago
    • ID#: 302584147
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1968
    Built
    Neighborhood:
    Wrigley Area (Wr)
    County:
    Los Angeles
    Area:
    Long Beach (90806)
    Property Description
    Owner-occupied opportunity available!! Remodeled, Townhouse style 4-plex located at 260 E. 25th St., Long Beach. Sitting at 5,081 Sq.Ft, this spacious property is an absolute steal for any new owner. The 25th St. property has an incredibly strong unit mix, being comprised of (1) 3-Bedroom/2-Bath unit, (2) 2-Bedroom/1.5-Bath units, and (1) 2 Bedroom/1-Bath unit. Three of the units offer large back door patios. Remodels to the property include new bathrooms/kitchens, hardwood and stone flooring, and granite Owner-occupied opportunity available!! Remodeled, Townhouse style 4-plex located at 260 E. 25th St., Long Beach. Sitting at 5,081 Sq.Ft, this spacious property is an absolute steal for any new owner. The 25th St. property has an incredibly strong unit mix, being comprised of (1) 3-Bedroom/2-Bath unit, (2) 2-Bedroom/1.5-Bath units, and (1) 2 Bedroom/1-Bath unit. Three of the units offer large back door patios. Remodels to the property include new bathrooms/kitchens, hardwood and stone flooring, and granite countertops. The property has also undergone a full copper re-pipe as well as a brand new roof put on only 2 years ago. One 2 Bed/1.5-Bath unit can be delivered vacant upon the close of escrow, allowing for owner occupancy or the new investor. There are (4) garages: (3) one-car and (1) two-car conveniently located for all tenants, as well as an opportunity for extra income for the new owner. Being offered at a current 4.62% Cap, there is still plenty of room in rental upside, offering a 6.55% Cap and 11.33 GRM. This "all electric" property is separately metered. With $6B in development flowing into the city, Long Beach has continued to rise as a top beach community. This is a perfect opportunity for any buyer or owner/user looking for a renovated 4-plex in one of Long Beachs fastest growing markets.
    Exterior Features

    Pool N/K

    Interior Features

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

    Property Features

    Annual Expense Actual 27125 Buildings 1 Gross Scheduled Income Actual 92232 Terms Conventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1910.0 Unit2 Rent Actual 1925.0 Unit3 Rent Actual 2126.0 Unit4 Rent Actual 1725.0 Water Meter On Property Zoning Lbr2n

    Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2020 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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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