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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24176786
Sold Date 10/16/24
Bedrooms 3
HOA Y/N No
Lot Size 2,681 Sqft
Property Description
**Charming Duplex in Long Beach: Live & Earn in a Prime Coastal Location** Discover this **quaint duplex** in the heart of Long Beach, perfectly suited for both homeowners and investors. This **move-in-ready property** offers a unique opportunity to **live in one unit and rent out the other,** providing a seamless blend of comfortable living and income generation. (Unit 1 is a 2 bdrm 1 bath. Unit 2 is a 1 bdrm 1 bath) **Property Highlights:** - **Dual Units:** Each unit features a private entrance, newer floors, and updated kitchens.. - **Outdoor Spaces:** The exterior features classic architectural details with a touch of bungalow coastal charm, complete with a well-maintained front yard. - **Prime Location:** Situated in a desirable Long Beach neighborhood, with easy access to shops, restaurants, beaches, and public transportation. **Why This Duplex is a Smart Investment:** - **Rental Income Potential:** Generate steady income by renting out one unit while living in the other, significantly offsetting your mortgage. - **Build Equity:** Use rental income to pay down your mortgage, steadily increasing your property equity. - **Tax Benefits:** Take advantage of various tax deductions, including mortgage interest, property taxes, and maintenance costs. - **Flexibility:** Manage your rental property with ease while enjoying the flexibility to rent out both units in the future. - **Increased Value:** Maintain and update the property to boost its market value, ensuring a profitable sale down the line. - **Community & Security:** Benefit from living close to your tenant, creating
**Charming Duplex in Long Beach: Live & Earn in a Prime Coastal Location** Discover this **quaint duplex** in the heart of Long Beach, perfectly suited for both homeowners and investors. This **move-in-ready property** offers a unique opportunity to **live in one unit and rent out the other,** providing a seamless blend of comfortable living and income generation. (Unit 1 is a 2 bdrm 1 bath. Unit 2 is a 1 bdrm 1 bath) **Property Highlights:** - **Dual Units:** Each unit features a private entrance, newer floors, and updated kitchens.. - **Outdoor Spaces:** The exterior features classic architectural details with a touch of bungalow coastal charm, complete with a well-maintained front yard. - **Prime Location:** Situated in a desirable Long Beach neighborhood, with easy access to shops, restaurants, beaches, and public transportation. **Why This Duplex is a Smart Investment:** - **Rental Income Potential:** Generate steady income by renting out one unit while living in the other, significantly offsetting your mortgage. - **Build Equity:** Use rental income to pay down your mortgage, steadily increasing your property equity. - **Tax Benefits:** Take advantage of various tax deductions, including mortgage interest, property taxes, and maintenance costs. - **Flexibility:** Manage your rental property with ease while enjoying the flexibility to rent out both units in the future. - **Increased Value:** Maintain and update the property to boost its market value, ensuring a profitable sale down the line. - **Community & Security:** Benefit from living close to your tenant, creating a safe and friendly community atmosphere. This **versatile duplex** offers the perfect balance of **comfortable living and smart investment,** all within the vibrant, coastal city of Long Beach. Whether you're looking to establish a home base or expand your real estate portfolio, this property is a must-see! **Schedule a viewing today** and take the first step toward owning a prime piece of Long Beach real estate that pays for itself!
Location
State CA
County Los Angeles
Area Long Beach (90804)
Zoning Assessor
Building
Lot Description Curbs
Story 1
Lot Size Range 1-3999 SF
Level or Stories 1 Story
Others
Monthly Total Fees $33
Acceptable Financing Cash, Conventional
Space Rent $2,530
Listing Terms Cash, Conventional
Financing Conventional
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Rick Rodriguez • Century 21 Realty Masters