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Additional details
$1,249,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRRS25029580
Originating Board California Regional MLS
Year Built 1963
Lot Size 5,643 Sqft
Property Sub-Type Fourplex
Property Description
A Prime Investment Opportunity in the heart of Long Beach. This exceptional multi-family property, located at 3400 E Andy Street in Long Beach, presents a lucrative investment opportunity. Well-maintained building that encompasses four spacious townhouse-style units, totaling approximately 5,175 square feet of living space on a 5,643 square foot lot. The complex includes one (1) 3-bedrooms + 1.5 baths unit and three (3) 2-bedrooms + 1.5 bath units. Each unit offers generous living areas of approximately 1,300 square feet. The property is generating a whopping $7575 gross rent per month. All the apartments feature in-unit laundry hookups with private patios and balcony, enhancing tenant convenience and appeal. The townhouse-style layout provides a desirable living arrangement, offering tenants a sense of privacy and space. The property has easy access to shopping (1 mile from Lakewood Mall), grocery, hospital (walking distance), schools and freeway. Situated in a sought-after rental area, this property has a history of strong occupancy rates. The combination of spacious units, in-demand amenities, and prime location makes it an attractive option for investors seeking long-term steady passive rental income and potential appreciation.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Rooms
Kitchen None
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry 30, 9
Exterior
Parking Features Assigned Spaces
Garage Spaces 4.0
Pool 31, None
View None
Building
Water District - Public
Others
Tax ID 7121009027
Special Listing Condition Not Applicable , Accepting Backups
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Listed by Vibhor Vineet • Nanda Realty Inc.