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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. 600 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.

Property Details

Price:
$1,298,000
MLS #:
OC21026851
Status:
Active
Beds:
6
Baths:
4.00
Address:
1223 E 15th Street
Type:
Single Family
City:
Long Beach
Listed Date:
Feb 8, 2021
State:
CA
Square Ft (approx):
3,231
ZIP:
90813
Lot Size:
10,965 sqft / 0.25 acres (approx)
Year Built:
1915

Schools

Elementary School:
Whittier
Middle School:
Franklin
High School:
Polytechnic

Interior

Appliances
Dishwasher, Disposal, Microwave
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Carpet, Laminate
Heating
Wall Furnace
Interior Features
Granite Counters, Recessed Lighting, Storage

Exterior

Community Features
Curbs, Sidewalks, Storm Drains, Street Lights
Electric
Standard
Exterior Features
Lighting, Rain Gutters
Garage Spaces
0.00
Lot Features
Back Yard, Front Yard, Lawn, Lot 10000-19999 Sqft, Rectangular Lot, Park Nearby
Parking Features
Driveway, Off Street, Parking Space, Private, R V Access/ Parking, Street
Pool Features
None
Sewer
Public Sewer
Spa Features
None
View
None
Water Source
Public

Financial

Association Fee
0.00
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Map

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1223 E 15th Street
Long Beach, CA

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We specialize in Residential, Commercial, Lots/Land and Investment Property in the Central Coast of California including the following areas:

  • Santa Maria
  • Orcutt
  • Los Alamos
  • Lompoc
  • Buellton
  • Solvang
  • Santa Ynez
  • Nipomo
  • Arroyo Grande
  • Oceano
  • Grover Beach
  • Pismo Beach
  • San Luis Obispo
  • Paso Robles

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Orcutt, CA 93455

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2665 Shell Beach Rd, Ste J

Pismo Beach, CA 93449

(805) 878-0807

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