$850,000
$799,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
2,678 Sqft Lot
SOLD DATE : 10/16/2024
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24176786
Sold Date 10/16/24
HOA Y/N No
Year Built 1923
Lot Size 2,678 Sqft
Property Description
**Charming Duplex in Long Beach: Live & Earn in a Prime Coastal Location**
Discover this **quaint duplex** in the heart of Long Beach, perfectly suited for both homeowners and investors. This **move-in-ready property** offers a unique opportunity to **live in one unit and rent out the other,** providing a seamless blend of comfortable living and income generation. (Unit 1 is a 2 bdrm 1 bath. Unit 2 is a 1 bdrm 1 bath)
**Property Highlights:**
- **Dual Units:** Each unit features a private entrance, newer floors, and updated kitchens..
- **Outdoor Spaces:** The exterior features classic architectural details with a touch of bungalow coastal charm, complete with a well-maintained front yard.
- **Prime Location:** Situated in a desirable Long Beach neighborhood, with easy access to shops, restaurants, beaches, and public transportation.
**Why This Duplex is a Smart Investment:**
- **Rental Income Potential:** Generate steady income by renting out one unit while living in the other, significantly offsetting your mortgage.
- **Build Equity:** Use rental income to pay down your mortgage, steadily increasing your property equity.
- **Tax Benefits:** Take advantage of various tax deductions, including mortgage interest, property taxes, and maintenance costs.
- **Flexibility:** Manage your rental property with ease while enjoying the flexibility to rent out both units in the future.
- **Increased Value:** Maintain and update the property to boost its market value, ensuring a profitable sale down the line.
- **Community & Security:** Benefit from living close to your tenant, creating a safe and friendly community atmosphere.
This **versatile duplex** offers the perfect balance of **comfortable living and smart investment,** all within the vibrant, coastal city of Long Beach. Whether you're looking to establish a home base or expand your real estate portfolio, this property is a must-see!
**Schedule a viewing today** and take the first step toward owning a prime piece of Long Beach real estate that pays for itself!
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Rooms
Ensuite Laundry In Garage
Interior
Interior Features Ceiling Fan(s)
Laundry Location In Garage
Heating Wall Furnace
Cooling Electric
Fireplaces Type None
Fireplace No
Laundry In Garage
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Curbs
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7253008012
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Rick Rodriguez • Century 21 Realty Masters
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Realtor® | Lic# 01332311