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Listed by: Nhat Nguyen DRE #02254340 | Villa Real Estate Partners Inc (714) 467-8542
$1,598,000
6 Beds
- 1 Bath
--sqft
486 E Adair, Long Beach, CA 90805
$1,598,000
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Triplex
Built in 1939
$-- HOA
6,089 sqft lot
--/sqft
Description
(4) unit multi-family building in Long Beach, CA. The building features unit mix of (1) 3 Bed/1 Bath unit and (3) 1 Bed/1 Bath units stretching across 2,800+/- rentable square feet. This stabilized asset offers tremendous opportunity for 1031 exchange buyers looking to increase their cash flow on Day 1. Further, a substantial portion of Rental Income of rents secured by Section 8 Vouchers by Housing Assistant Long Beach Minimizing risk and providing reliable cash flow, so the uncertainty of future rent moratoriums will significantly reduce the likelihood of lost revenue. The property also includes on site Washer and dryer laundry.
The building is in excellent condition...
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1939
HOA Fees
-
Finished Area
- sqft
Lot Size
6,089 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26096551
MLS Status
Active
Days on Market
28
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