2123 W Columbia Street

Long Beach, CA 90810

PRICE REDUCED

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-$206,000 (-13.25%)

$1,349,000

List Price

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1946

calendar_month Built

Property Description

Back on market after buyer unable to perform. Prime investment opportunity for a savvy investor! The property is now priced under $225,000 per unit, situated on a tranquil cul-de-sac and within walking distance to Steven's Middle School. This meticulously maintained property offers four updated units, comprised of a diverse unit mix of (1) 3bd 1.5ba owners unit (1) 2bd 1.5 bath (3) 1bd 1ba and (1) studio. Recent upgrades include updated plumbing, electrical, water heater(s), wall heater(s), and interior renovations. The large driveway offers plenty of off street parking for the tenants. This excellent value-add opportunity boasts a huge upside in income potential. Additional income is available with a coin-operated laundry room with a $200 monthly revenue potential. Priced attractively under $225,000/ unit, this investment gem is a rare find in Long Beach. Don't miss out on the chance to secure a lucrative investment property with strong tenant demand and substantial income growth potential.

Listing Information

List Price $1,349,000
Status Pending
MLS SB24066151
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1946
Lot Size 9,278
Structure Size N/A
DOM 114
Courtesy Of Buckingham Investments, Inc
Listing Agent Christopher Crosby DRE#02116879

Interior Features

Laundry Information
Location(s) Common Area, Washer Hookup
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Additional Information
Additional Features All Bedrooms Down
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Christopher Crosby, Buckingham Investments, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 18th, 2024 at 8:49 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.