REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,300,000
Est. payment /mo
4 Beds
4 Baths
4,878 Sqft Lot
UPDATED:
10/17/2024 12:15 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24213157
Bedrooms 4
HOA Y/N No
Lot Size 4,878 Sqft
Property Description
Extremely rare opportunity to own a fourplex in the highly sought after coastal community of Belmont Shore. The Belmont Shore lifestyle offers exceptional recreation and life-style opportunities. This equates to a strong rental market. You can walk to 2nd Street for shopping and restaurants or the beach. It is located north of 2nd Street where street parking is easier to obtain. This property has 4 one bedroom/one bath units. It also has 2 double car garages renting for $200 each. Actual rents total $7,826 per month which equals a 13.8 GRM. Potential rents based on the average RentOmeter analysis equals $8,196 per month, for a 13.2 GRM.
Extremely rare opportunity to own a fourplex in the highly sought after coastal community of Belmont Shore. The Belmont Shore lifestyle offers exceptional recreation and life-style opportunities. This equates to a strong rental market. You can walk to 2nd Street for shopping and restaurants or the beach. It is located north of 2nd Street where street parking is easier to obtain. This property has 4 one bedroom/one bath units. It also has 2 double car garages renting for $200 each. Actual rents total $7,826 per month which equals a 13.8 GRM. Potential rents based on the average RentOmeter analysis equals $8,196 per month, for a 13.2 GRM.
Extremely rare opportunity to own a fourplex in the highly sought after coastal community of Belmont Shore. The Belmont Shore lifestyle offers exceptional recreation and life-style opportunities. This equates to a strong rental market. You can walk to 2nd Street for shopping and restaurants or the beach. It is located north of 2nd Street where street parking is easier to obtain. This property has 4 one bedroom/one bath units. It also has 2 double car garages renting for $200 each. Actual rents total $7,826 per month which equals a 13.8 GRM. Potential rents based on the average RentOmeter analysis equals $8,196 per month, for a 13.2 GRM.
Location
State CA
County Los Angeles
Area Long Beach (90803)
Zoning Assessor
Exterior
Garage Unit1:Assigned
Building
Lot Description Corner Lot, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $66
Acceptable Financing Cash
Space Rent $1,880
Listing Terms Cash
Read Less Info
Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
Get More Information
Nicole Hazelton
Broker Associate | License ID: 01819363
Broker Associate License ID: 01819363
Quick Search
- Home for Sale in Rancho Santa Fe
- Homes for Sale in Santaluz
- Home for Sale in Rancho Bernardo
- Home for Sale in Downtown
- Home for Sale in Mission Hills
- Homes For Sale in Point Loma, San Diego, CA
- Homes For Sale in La Jolla, CA
- Homes For Sale in Del Mar, CA
- Homes For Sale in Solana Beach, CA
- Home for Sale in Encinitas
- Home for Sale in Coronado
- Home for Sale in Cardiff By The Sea
- Home for Sale in Carlsbad
- Home for Sale in Oceanside
- Home for Sale in Carmel Valley
- Home for Sale in Kensington
- New Condos in San Diego
- Home for Sale in Pacific Gate Tower
- Home for Sale in Savina Tower