1442 Alamitos Avenue, Long Beach, CA 90813

About this property

A gorgeous, income-producing, recently-remodeled triplex near the bustling downtown area and Long Beach Community College. You will struggle to find a more affordable triplex in Long Beach. Five minutes from Alamitos Beach with easy access to the 710 and 405 freeways. The property was remodeled in 2021 with a new roof, new bathrooms, and interior and exterior paint throughout. The property is well furnished and is being sold with the furniture. Two units are on month-to-month leases, and the third unit is being rented as an Airbnb rental. The tenants and residents have access to a shared, on-site laundry. This property cashflows well and is being offered at a 10x GRM relative to existing income levels. All three units are studios.

Listing description from the October 2022 sale, as reported to CRMLS.

Sale history

$670,000

Sold October 2022 · on market June 2022 · MLS #PV22125273 · Source: CRMLS

Listing Agent: George Chigogidze · Listing Office: George Chigogidze, Broker · Contact: 323-628-6289 · Bought with: Lara Andrews · Compass

$495,000

Sold October 2020 · on market August 2020 · MLS #SB20156989 · Source: CRMLS

Listing Agent: Ron Riggs · Listing Office: NextGen Realty Group · Contact: 310-930-2828 · Bought with: George Chigogidze · George Chigogidze, Broker

$320,000

Sold February 2016 · listed $319,000, orig. $324,000, on market September 2015 · MLS #DW15209432 · Source: CRMLS

Listing Agent: Leticia Munoz · Listing Office: Century 21 My Real Estate · Contact: 562-927-2626 · Bought with: Ron Riggs · California Homes - Riggs & Ass

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