4005 E Vernon Street, Long Beach, CA 90815

About this fourplex

Welcome to this incredible investment opportunity in the heart of Long Beach. Located in a quiet residential neighborhood, this 4-unit property has been extensively remodeled to provide a complete turnkey investment. The front building (1536 sf), originally built in 1944 and completely remodeled in 2021, consists of two 2-bedroom, 1-bath units and the back building (990 sf, remodeled/converted in 2022) consists of one 1-bedroom, 1-bath unit (converted rumpus room) and one studio (ADU-converted garage). Each unit features shaker cabinets with soft-close drawers, quartz countertops, waterproof LVP flooring, stainless-steel appliances, multi-zoned mini-splits for air/heat, stackable in-unit laundry, new windows, new roof on back building, new gutters, tankless water heaters (servicing back building), recessed lighting, ceiling fans, new plumbing, new electrical wiring and panels, private entrances, and dedicated off-street parking space. Additionally, the front duplex has had voluntary seismic retrofit work completed in March. Each unit has their own address and is separately metered for water, gas and electricity. The property has been landscaped with artificial turf and rock minimizing any landscaping maintenance and water usage. There are security cameras (no monthly fee) installed around the perimeter of the property as well. Tenants pay all utilities (water, gas, electric) as well as sewer and trash. Owner responsible for property taxes, insurance and pest control. The property has easy access to the 405 FWY and is close proximity to the Traffic Circle shops and restaurants, Costco, Target, Home Depot, Lowes, Starbucks, CSULB, LBX and The Hangar, and much more.

Listing description from the July 2023 sale, as reported to CRMLS.

Sale history

$1,675,000

Sold July 2023 · listed $1,725,000, orig. $1,995,000, on market October 2022 · MLS #PW22229836 · Source: CRMLS

Listing Agent: Eugene Rogachevsky · Listing Office: Broadmoor Realty, Inc. · Contact: 562-596-1000 · Bought with: Miguel Belmonte · Century 21 Allstars

$842,000

Sold June 2020 · listed $830,000, on market April 2020 · MLS #OC20059557 · Source: CRMLS

Listing Agent: Maria Valencia · Listing Office: Realty One Group Diamond · Contact: 562-444-8940 · Bought with: Eugene Rogachevsky · Broadmoor Realty, Inc.

$595,000

Sold July 2015 · listed $610,000, orig. $630,000, on market May 2015 · MLS #OC15108735 · Source: CRMLS

Listing Agent: Susan Turner · Listing Office: Realty One Group Inc · Contact: 714-698-5300 · Bought with: Maria Valencia · Keller Williams Realty

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