350 E South, Long Beach, CA 90805
- $599,000
- List Price
- $599,000
- Price Change
- ▼ $50,900 1779486934
- Status
- ACTIVE
- MLS#
- PW26100651
- Year Built
- 1956
- Lot Size
- 2,823
- Acres
- 0.06
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 80
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Neighborhood
- North Long Beach (Nlb)
Property Description
**2 units delivered vacant** Value-add opportunity in North Long Beach. The property features a 2 bed / 1 bath main house with a bonus room currently used as a third bedroom. There are two additional detached studio units—one in the front and one in the rear (both currently vacant). Property is separately metered with (4) electric meters and (3) gas meters. The property has operated as a triplex for over 30 years and tax records reflect triplex use; however, the current owner has been informed by the City of Long Beach that City records indicate that this is a single-family residence. Seller makes no representations about the legal use of the property. Buyer to independently verify legal use, zoning, and potential paths to legalization. Significant upside for an investor or owner-user willing to navigate the process. Interiors of the front and rear structures recently got new paint and flooring. Middle unit needs TLC.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $55,560
- Operating Expense
- 17034
Listing courtesy of Listing Agent: Cody Charnell (cody@sageregroup.com) from Listing Office: Sage Real Estate Group, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.