4241 E Jacinto Way, Long Beach, CA 90815

$1,275,000
Sold Price
$1,275,000
List Price
$1,199,000
Closing Date
Nov 08, 2022
Status
CLOSED
MLS#
PW22214140
Year Built
1943
Lot Size
12,271
Acres
0.28
Lot Location
Back Yard
Days on Market
3
Property Type
Multifamily
Stories
One Level
Neighborhood
Circle (Ca)

Property Description

A great 4-unit building, located in a great area of Long Beach, and smooth running property. What more could you ask for? The property consists of 4 one-bedroom units that are single-story. All units have a front and back door, with the ability to create a private backyard/patio for each if the property owner desired. There are also 4 single car garages, which the current owner uses all of them for storage, and 3 additional uncovered parking spots that could be rented out for additional income. . Individually metered for gas and electricity that tenants are responsible to pay. The property was just recently painted throughout the exterior and has an amazing sense of curb appeal. The current GRM is 16.03, but at market rents, the property drops to 13.01 GRM. With over a 1/4 acre lot and endless opportunity, this property is ready for the next investor to add their touch to it and take it to the next level!

Additional Information

Pool Description
None
Garage Spaces Total
4
Sewer
Unknown
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$74,820
Operating Expense
30034

Listing courtesy of Listing Agent: Dustin Edwards (getdustin@icloud.com) from Listing Office: Beach Cities Management, Inc..

Listing sold by Spencer Pabst from Pabst, Kinney & Associates

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.