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.
1223 E 15th Street
Feb 8, 2021
Square Ft (approx):
10,965 sqft / 0.25 acres (approx)
Dishwasher, Disposal, Microwave
Wall/ Window Unit(s)
Granite Counters, Recessed Lighting, Storage
Curbs, Sidewalks, Storm Drains, Street Lights
Lighting, Rain Gutters
Back Yard, Front Yard, Lawn, Lot 10000-19999 Sqft, Rectangular Lot, Park Nearby
Driveway, Off Street, Parking Space, Private, R V Access/ Parking, Street
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Courtesy of Joshua Ayala. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than CornerStone Real Estate include the name of the listing broker. Neither the listing company nor CornerStone Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2021. California Regional Multiple Listing Service. All rights reserved.
1223 E 15th Street
Long Beach, CA