40 E Market Street, Long Beach, CA 90805
Property · 2 recorded sales since 2015
Sold July 2018
Listing Agent: Robert Diulio (DRE #01722187) · Listing Office: Keller Williams Realty Newport · Contact: 949-734-6500 · Bought with: Roger Arthur · Keller Williams South Bay · MLS #OC18083192 · Source: CRMLS
About this property
This well maintained property has two 2 bedroom, 2 bath units and two 2 bedroom, 3 bath units. Each unit has a double car garage with garage door opener & man door access, inside laundry, dishwasher, their own water heater as well as separate gas and electric meters. All units are rented under Section 8 so no need to worry about the monthly income - it always arrives on time! All repairs are up to date on all units with no deferred maintenance, several units had new carpet installed within the last year. There are no vacancies. This property is also conveniently located to several freeways and public transportation. The Long Beach Blvd. Redevelopment project with shopping, entertainment and restaurants are close by. There is a park across the street and a grade school down the street, all making for desirable tenant occupancy. Bring you investor, do the math on this one it all adds up to a great investment. The City of Long Beach is currently experiencing major redevelopment. The Long Beach Port is undergoing a large (estimated at over $4 billion) redevelopment that will create 14,000 new and permanent jobs in Southern California. The Long Beach market has always enjoyed strong rental growth and with this redevelopment it seems this will continue for years to come.
Listing description from the July 2018 sale, as reported to CRMLS.
Sale history
