349 N Colorado Place, Long Beach, CA 90814

$1,650,000
3,116
SqFt
List Price
$1,650,000
Price Change
▼ $25,000 1614144922
Status
ACTIVE
MLS#
PW21011388
Year Built
1922
Living Sq. Ft
3,116
Lot Size
6,263
Acres
0.1438
Lot Location
Back Yard, Garden, Lawn, Rectangular Lot, Walkstreet
Days on Market
70
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels
Builders Tract Code
Bluff Park (BLF)
Neighborhood
Bluff Park (Blf)

Property Description

We are pleased to present 349 N Colorado. Located in the highly desirable neighborhood of Bluff heights. Only a short distance to the Ocean, Belmont Shore, wonderful shopping, restaurants, parks & excellent coffee shops. This classic 1922 TURNKEY investment property has the charm of early 20th century design with built in cabinetry, hardwood flooring, walk in closets and much more. Comprised of one completely detached SFR (1268Sf) 2 bed x 1 bath, fully renovated home, with four 1bed x 1bath (462Sf) fully renovated units. SFR has a laundry room with ample parking. Long Beach is a non rent controlled city currently reflecting a 98% occupancy. Although located in close proximity to the best of what Long Beach has to offer, this incredible investment property is located on a quiet street and reflects Incredible curb appeal.

Additional Information

Tract Number
3283
Lot Description
Curbs, Park, Sidewalks, Street Lights, Suburban
Appliances
Built-In Range, Disposal, Gas Oven, Gas Range, Refrigerator
Pool Description
None
Fireplace Description
Living Room
Heat
Floor Furnace, Wall Furnace
Cooling Description
None
View
Neighborhood
Roof
Composition, Flat
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
5
Gross Scheduled Income
$99,000
Operating Expense
32907
Unit One Total Units
1
Unit One Beds
2
Unit One Baths
1
Unit One Garage Spaces
1.00
Unit One Actual Rent
2800.00
Unit One Total Rent
2800.00
Unit One Pro Forma
3200
Unit One Furnished
Unfurnished
Unit Two Total Units
2
Unit Two Beds
1
Unit Two Baths
1
Unit Two Actual Rent
1400.00
Unit Two Total Rent
2800.00
Unit Two Pro Forma
1600
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
1
Unit Three Baths
1
Unit Three Actual Rent
1350.00
Unit Three Total Rent
1350.00
Unit Three Pro Forma
1500
Unit Three Furnished
Unfurnished
Unit Four Total Units
1
Unit Four Beds
1
Unit Four Baths
1
Unit Four Actual Rent
1300.00
Unit Four Total Rent
1300.00
Unit Four Pro Forma
1500
Unit Four Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Cameron Jacques from Kinnery's Brokerage House

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.