Property · 2 recorded sales since 2014
Listing Agent: Cheryl Cotton (DRE #860384) · Listing Office: Keller Williams Pacific Estate · Contact: 562-513-7800 · Bought with: Beverly Marks · Berkshire Hathaway H.S.C.P. · MLS #PW13231914 · Source: CRMLS
This fourplex is located in the Circle Area of Long Beach, only several blocks from Recreation Park and Wilson High School. The street curves and slows, making it not a very traveled street; therefore, the neighborhood is quiet. The property has one large 3BR. 2BA in front with a fireplace plus three 2BR 1BA units. In addition, there are 5 garages and a community laundry room. Rents are right about market with the exception of one long term tenant who is well below market and is due for a large increase. This property shows some nice cash flow with 15% down (about $1,575 after PI) and for an owner occupant with 20% down, their estimated payment to live in the 3BR unit would be about $325/mo PI @ 4.5% APR. Call for details. Drive by, subject to inspection.
Listing description from the January 2014 sale, as reported to CRMLS.