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

Nicole Hazelton-Meacham

[email protected] +1(619) 206-1892

$2,795,000

Est. payment - /mo

7 Beds

6 Baths

4,343 Sqft Lot

Save

Open House

Sun Aug 23, 1:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Bluff Park (Blf)

MLS Listing ID PW26081664

Bedrooms 7

Lot Size 4,343 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

NEW PRICE! Exceptional Bluff Park Spanish Fourplex Owner-User Opportunity, Current Income & Future Upside Just Two Blocks from the Beach. Rarely does a property offer this combination of location, income, flexibility, and extensive improvements. If all four residences were rented, the property has the potential to generate approximately $11,495 per month / $137,940 annually in gross income. The spacious 4-bedroom, 2.5-bath current owners residence is estimated at $4,500 per month ($54,000 annually), while the three 1-bedroom residences currently generate a combined $6,995 per month ($83,940 annually). For an owner-user, the opportunity is equally attractive. Occupy the expansive four-bedroom main residence while collecting nearly $7,000 per month from the three additional residences, an exceptional combination of comfortable coastal living and substantial rental income. The property has benefited from over $700,000 in improvements, including an extensive reconstruction to the owners unit, taken down to the studs while carefully preserving the propertys original Spanish architecture and character. Improvements include updated plumbing and electrical systems, countertops, garage reconstruction, seismic retrofitting, HVAC, whole-house stereo, private laundry, and a private patio with built-in seating and BBQ. The residence also includes a two-car garage. Each of the three 1-bedroom residences enjoys its own private patio, while the property is centered around a beautifully landscaped courtyard accented by fountains, creating a wonderful sense of privacy, charm, and separation

Location

State CA

County Los Angeles

Zoning Assessor

Direction Redondo, east on to 2nd St

Interior

Cooling Central Forced Air, Wall/Window

Fireplace No

Exterior

Utilities Available Sewer Connected

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7264002010

Read Less Info

Listed by Loree Scarborough, DRE#01257913 Compass

Nearby School & Business

Get More Information

Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

Quick Search

3409 E 2nd Street Long Beach, CA 90803

Nicole Hazelton-Meacham

Open House

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information