4525 Pasadena Avenue, Long Beach, CA 90807

$1,550,000
List Price
$1,550,000
Status
ACTIVE
MLS#
DW22101428
Year Built
1945
Lot Size
5,203
Acres
0.1194
Lot Location
Item01UnitAcre, Back Yard, Front Yard, Landscaped, Yard
Days on Market
14
Property Type
Multifamily
Stories
One Level
Neighborhood
Bixby Knolls (Bk)

Property Description

Welcome to your new home and best investment opportunity, all in one flex property! This property consists of two full sized homes with an addition that was built for a third unit in mind. 70% of this property is brand new 2022 construction, built with the newest building code, fully permitted, engineered, and certified energy efficient. The opportunities are endless. Live in one full sized home and take the addition as your full-size office, rent the second full sized home. Or Live in one full sized home, rent the other full-size home, and have a second rental in your backyard as Junior ADU. Designed by a renowned house hack and luxury designer, this home will help you keep your living cost low while building tons of equity. No matter where you are in your stage of your life; you won’t ever have to burden the full heavy weight of all the mortgage with so many options in your hands. You could be an investor who wants a turnkey duplex or triplex. Maybe you’re a savvy young professional who wants to build equity and live communally. Or, you have a big extended family who’s been looking for a haven for everyone to stay together; the opportunities are endless here. Designed with the ACE hotel as inspiration, each material chosen and installation here are luxurious. From the herringbone ceramic floor, custom graphic tiled bathrooms, steel barn doors, custom welded + powder coated closet fixtures/gating, high end LED luminaries, imported wood facade from the island of Borneo. We went out of our way to use materials that you would only see in 5-star hotels and luxury homes. But since we know beauty is nothing without function, we’d like to showcase the smart functions we installed as well. Dual pane/argon gas windows Low-E, tempered glass partitions, PAID solar panels for the second full sized home, gutters which lead to LID water conserving planters, permeable pavers for LID engineering as well. R-30 ceiling insulation, R-15 + R-18 wall insulation, fulfilling title 24 energy act we were prescribed. Did we mention that the gas and electric panels are separated for easy accounting? A property like this is once in a lifetime. The measure, planning, and action taken to build such a smart investment is intensive. Make sure you check out our house hack cost breakdown to really comprehend how much of a value this property is. You won’t find another one like it, so come see it today!

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$96,000

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Joshua Glaz from Listing Office: Your Realty Inc.

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.