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
0.1549
Lot Location
Back Yard
Days on Market
52
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

Mortgage Calculator

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Calculator source: Real Geeks

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.