242 E Del Amo Blvd - Multi-Family FOR SALE


Long Beach, CA 90805- Bixby Knolls
$875,000 USD
407-341-3254
242 E Del Amo Blvd, Long Beach, CA for Sale
$875,000 USD
Multi-Family - FOR SALE
1/29
null | 4.4% Cap Rate

242 E Del Amo Blvd
Long Beach, CA 90805
Bixby Knolls


HIGHLIGHTS

  • Fully Vacant Triplex
  • Individually metered for gas and electricity
  • 2 water meters (1 per building)
  • Great owner occupancy opportunity
  • Separate 2 bed, single family home with attached garage, in unit laundry hook ups, and a front and back yard
  • Separate duplex with a studio on the ground floor and a 1 bed unit on the 2nd floor

OVERVIEW

Rare opportunity to acquire a move-in ready triplex offering exceptional flexibility for owner-occupants and investors alike. This property features a separate 2-bedroom, 1-bath single-family home along with a duplex consisting of a studio unit on the ground level and a 1-bedroom unit on the second floor. All units are well maintained and in rent ready condition. The detached 2-bedroom home includes in unit laundry hook up and an attached single-car garage, while the property also offers two additional uncovered parking spaces for added convenience. Individually metered for gas and electricity. One water meter per building. The new owner has full control over tenant selection, rental strategy, or personal use from day one. Immediate possession is available. The versatile unit mix appeals to a wide range of tenants and supports long-term rental demand. This property is ideal for a house-hacker looking to offset their mortgage or an investor seeking strong income potential. See private remarks for current tenancy status.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$582 USD /SF

# OF UNITS

3

PRICE/UNIT

$291,667

CAP RATE

4.4%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7133-002-026

ASK ABOUT THIS PROPERTY

Krissy MussendenBuckingham InvestmentsMore Info
407-341-3254

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Krissy MussendenBuckingham InvestmentsMore Info
407-341-3254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.