4018 E Vermont Street, Long Beach, CA 90814
- $1,495,000
- Sold Price
- $1,495,000
- List Price
- $1,495,000
- Closing Date
- Sep 07, 2022
- Status
- CLOSED
- MLS#
- PW22134991
- Year Built
- 1922
- Lot Size
- 6,749
- Acres
- 0.15
- Lot Location
- Back Yard
- Days on Market
- 90
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- Two Levels
- Neighborhood
- Belmont Heights (Bh)
Property Description
Great Investor or occupant property w great mix 3/3 2/2 1/1 large units, low overhead (owner only pays water, sewer, minor gardening -all drought resistant) excellent parking and common area. With one vacancy currently, 2 long term 5 and 13 yr tenants are month to month, no rent increases for over a year, this will be operate at market rents asap w GRM 14.48x, $8600 per month, Current GRM 17.4x. The perfect opportunity in Prime Belmont Heights for owner occupant or Investor. Currently 2/1.5 Cottage and 2 attached units w 1/1 and 3/3 (includes garage) or easily covert to 2 2/2s, or a 4 bd home.. A premium location across from the elementary school offering a steady renter pool. This is turnkey well maintained asset with separate utilities and water heaters, private laundries in each unit, a 1.5 car garage, 4-6 car parking, common courtyard for bbq, gazebo, and a variety of improvements to roof, foundations, windows, kitchens and bathrooms, electric breakers and lighting, copper plumbing, etc. LIVE in one unit or detached rear home w private yard, forced air heat and parking, while rent from the duplex pays the expenses and mortgage. Proforma is based on market rents.
Additional Information
- Pool Description
- None
- Heat
- Floor Furnace
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $103,200
- Operating Expense
- 13500
Listing courtesy of Listing Agent: Michael Roland (michael@michaelroland.net) from Listing Office: Coldwell Banker Realty.
Listing sold by Renee Lawler from So Cal Dwell
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