Price Reduced Listing**Major Price Reduction & 2 units delivered vacant** Value-add opportunity in North Long Beach. The property features a 2 bed / 1 bath main house with a bonus room currently used as a third bedroom. There are two additional detached studio unitsone in the front and one in the rear (both currently vacant). Property is separately metered with (4) electric meters and (3) gas meters. The property has operated as a triplex for over 30 years and tax records reflect triplex use; however, the current owner has been informed by the City of Long Beach that City records indicate that this is a single-family residence. Seller makes no representations about the legal use of the property. Buyer to independently verify legal use, zoning, and potential paths to legalization. Significant upside for an investor or owner-user willing to navigate the process.
| MLS # | PW26100651 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 108 |
| Listing Provided By | Sage Real Estate Group, Inc. | Cody Charnell |
| SQ Feet | 1,318 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 3 |
| Acreage | 0.06 |
| Lot Features | Zero To One Unit Acre |
|---|
| Garage Yes / No | No |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90805 |
| Area | 7 North Long Beach |
| Community Name | North Long Beach (NLB) |
| Listing VS Median (in North Long Beach (NLB)) | |
Price: $520,000 low | high Med: $1,272,944 sqft: 1,318 low | high Med: 2,848 $ / sqft: $395 low | high Med: $468 On site: 108 low | high Med: 115 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90805 |
| Area | 7 North Long Beach |
| Community Name | North Long Beach (NLB) |
| Listing VS Median (in North Long Beach (NLB)) | |
Price: $520,000 low | high Med: $1,272,944 sqft: 1,318 low | high Med: 2,848 $ / sqft: $395 low | high Med: $468 On site: 108 low | high Med: 115 | |