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Listed by Cody J. Charnell • Sage Real Estate Group, Inc.
$ 599,000
Est. payment /mo
Price Dropped by $50K
350 East South Long Beach, CA 90805
1,318 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,318 sqft
Price per Sqft $454
Subdivision North Long Beach
MLS Listing ID PW-26100651
Year Built 1956
Lot Size 2,823 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Value-add opportunity in North Long Beach. The property features a 2 bed / 1 bath main house with a bonus room currently used as a third bedroom. There are two additional detached studio units—one in the front (tenant-occupied) and one in the rear (currently vacant). Property is separately metered with (4) electric meters and (3) gas meters. The property has operated as a triplex for over 30 years and tax records reflect triplex use; however, the current owner has been informed by the City of Long Beach that City records indicate that this is a single-family residence. Seller makes no representations about the legal use of the property. Buyer to independently verify legal use, zoning, and potential paths to legalization. Significant upside for an investor or owner-user willing to navigate the process. Interiors of the front and rear structures recently got new paint and flooring. Middle unit needs TLC.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Laundry None
Exterior
Pool None
Community Features Sidewalks
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
NEARBY SCHOOLS & PROPERTIES
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944