Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Address: 1223 E 15th Street
County: Los Angeles
City: Long Beach
Neighborhood: 9 - Poly High, Poly High (ph)
Pool Features: None
Property Taxes: $0
Long Beach Investor Special! This beautiful California Bungalow home offers 4- fully rented units and enough space to add a few more! Centrally located blocks from Long Beach City College and a short drive from Ocean Blvd, this sprawling complex offers plenty of opportunities for an experienced investor down to the house hacker. Enjoy the comforts of living in the large (over 1,300 sqft) single-level, 2 bedroom 1 bath bottom front unit (photographed) while collecting rents from the other 3 units to help pay your mortgage. This home has been recently updated with modern touches while maintaining its core architectural features. These features include, a complete remodel of the kitchen and bathroom, new wiring, plumbing, vinyl windows, laminate flooring and wall heater. The unit above is a spacious 1 bedroom (there may be space to add an additional bedroom) since it is approx 1,000 sqft, currently renting for $1,230 per month! In the middle of the property is a studio apartment ($700) above the laundry room / storage area. The storage area can be converted into a 1 or 2 bedroom apartment for extra income (approx. $1,800) or a private entertaining space for the owner to enjoy. In the back is a free standing, 2 bedroom 1 bath approx. 500 sqft home currently renting for $1,625 per month. There's also 5 off-street parking, which is highly coveted! Total Rent: $6,200 (under market) with potential to add additional units.