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$1,500,000
Est. payment /mo
7 Beds
7,752 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Willmore District (Wm)
MLS Listing ID PW25256072
Bedrooms 7
Lot Size 7,752 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present 529 W 10th Street, a meticulously renovated five-unit property on a large 7,750 square foot lot located just minutes from Downtown Long Beach. The property is comprised of a spacious four bed/two bath house along with two duplexes, each featuring one bed/one bath units. Over $320,000 has been invested in exterior/interior renovations and system upgrades with no expense spared. Improvements include a newer roof, PEX plumbing throughout, new electrical subpanels along with the complete interior remodel of every unitdelivering a true turnkey investment. The detached front house has three surface spaces- a rarity for the area. The two duplex tenants enjoy a total of four spaces (two tandem) in the garage area- a premium for the area! A detached two-car garage sits at the rear of the property, providing an excellent opportunity for conversion into an ADU and the ability to expand the footprint up to two stories via SB-1211. With a sub-$500,000 down payment required and the potential to achieve close to a 6% cash-on-cash return, 529 W 10th Street presents an exceptional opportunity for both smaller 1031 exchange buyers and local investors seeking a high cashflow low maintenance property for years to come .
Location
State CA
County Los Angeles
Zoning Assessor
Direction 10th and Magnolia
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7272008023
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by Jackson Jorgensen Younglewin Advisors, Inc.
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