4121 E Mendez Street, Long Beach, CA 90815

$1,599,000
List Price
$1,599,000
Status
PENDING
MLS#
PW22143719
Year Built
1963
Lot Size
6,509
Acres
0.1494
Lot Location
NearPark, Near Public Transit, Rectangular Lot
Days on Market
15
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Levels
Neighborhood
Circle (Ca)

Property Description

Seasoned or First Time Multi-Family Investor's Dream - This is the Perfect Opportunity to add a clean, well-maintained and highly desired 4-plex investment asset in Long Beach, near the Outer Traffic Circle.  Large 3-Bedroom/2-Bath front house with its own private yard/courtyard space and own inside laundry hookups and fireplace, along with three more Large 2-Bedroom units (1100sqft, 825sqft & 800sqft) behind and surrounded by the luxuriously pavered community courtyard/open space.  Each unit enjoys an assigned private garage with additional upper storage space enclosed.  Recently painted, newer dual pane windows and roof, main sewer line replacement, separate on-site community laundry room for the remaining three units, and a recently passed LB fire-inspection.  Individually Metered for Electric.  Most units have been remodeled over the years.  First time on the market in over 22 years.  Constructed in the 1960s and includes a bonus owner's storage/workshop area too, along with clean nice secure laundry room with community washer and dryer. Only blocks to Alamitos and Junipero Beaches and in close proximity to CSULB, 2nd & PCH Shopping Center, LB Exchange and Hangar, several Golf Courses, Parks and Public Transit.  Entertains frequent requests and inquiries for rental availability.  Added Bonus - Unit #4 is currently vacant, clean, renovated and ready for you to occupy or a paying tenant at Close of Escrow. Proforma rents in analysis/estimates.

Additional Information

Appliances
Electric Range, Electric Water Heater, Disposal, Range Hood
Pool Description
None
Fireplace Description
Family Room
Heat
Fireplace(s), Radiant
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
None
Roof
Composition
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Interior Features
Ceiling Fan(s), Laminate Counters, QuartzCounters, Recessed Lighting, Unfurnished
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$144,000
Operating Expense
26037

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: Jeffery Loftus from Listing Office: Keller Williams Coastal Prop.

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.