Renovated Triplex in the Poly District in Long Beach! Located down the street from Long Beach City College and a short commute to the Marina, this triplex makes for a perfect investment unit - you can rent all three units or live in one and rent out the rest. The back building consists of a 2 bed / 1 bath duplex with identical floor plans. The Unit to the right has been recently upgraded with new luxury vinyl flooring, fresh paint, new baseboards, tile surround tub with new fixtures, brand new kitchen with Quartz countertops and soft close cabinets, recessed lights in the kitchen and the living room and new doors. The outside has been freshly painted, new double pane windows (installation is in a few weeks) and a new roof with a 30 year warranty. The front unit consist of a 3 bed 1 bath apartment. In terms of rent, the duplex in the back can rent for $4,000 per month total (one of the units is currently rented for $2,000 per month) and the front 3 bedroom is currently renting for $3,000 per month bringing the total monthly pro forma to $7,000 per month ($84,000 / year). Recent comps: 4-plex on Gundry sold for almost $1.4 M producing $100k per year. Photos are from the renovated unit (virtually staged). Professional photos coming soon.
Renovated Triplex in the Poly District in Long Beach! Located down the street from Long Beach City College and a short commute to the Marina, this triplex makes for a perfect investment unit - you can rent all three units or live in one and rent out the rest. The back building consists of a 2 bed / 1 bath duplex with identical floor plans. The Unit to the right has been recently upgraded with new luxury vinyl flooring, fresh paint, new baseboards, tile surround tub with new fixtures, brand new kitchen with Quartz countertops and soft close cabinets, recessed lights in the kitchen and the living room and new doors. The outside has been freshly painted, new double pane windows (installation is in a few weeks) and a new roof with a 30 year warranty. The front unit consist of a 3 bed 1 bath apartment. In terms of rent, the duplex in the back can rent for $4,000 per month total (one of the units is currently rented for $2,000 per month) and the front 3 bedroom is currently renting for $3,000 per month bringing the total monthly pro forma to $7,000 per month ($84,000 / year). Recent comps: 4-plex on Gundry sold for almost $1.4 M producing $100k per year. Photos are from the renovated unit (virtually staged). Professional photos coming soon.