2123 W Columbia Street, Long Beach, CA 90810

About this property

Back on market after buyer unable to perform. Prime investment opportunity for a savvy investor! The property is now priced under $225,000 per unit, situated on a tranquil cul-de-sac and within walking distance to Steven's Middle School. This meticulously maintained property offers four updated units, comprised of a diverse unit mix of (1) 3bd 1.5ba owners unit (1) 2bd 1.5 bath (3) 1bd 1ba and (1) studio. Recent upgrades include updated plumbing, electrical, water heater(s), wall heater(s), and interior renovations. The large driveway offers plenty of off street parking for the tenants. This excellent value-add opportunity boasts a huge upside in income potential. Additional income is available with a coin-operated laundry room with a $200 monthly revenue potential. Priced attractively under $225,000/ unit, this investment gem is a rare find in Long Beach. Don't miss out on the chance to secure a lucrative investment property with strong tenant demand and substantial income growth potential.

Listing description from the October 2024 sale, as reported to CRMLS.

Sale history

$1,150,000

Sold October 2024 · listed $1,349,000, orig. $1,555,000, on market March 2024 · MLS #SB24066151 · Source: CRMLS

Listing Agent: Christopher Crosby · Listing Office: Buckingham Investments, Inc · Contact: 650-549-4849 · Bought with: Christopher Crosby · Buckingham Investments, Inc

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