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Property

Long Beach, CA 90805 111 E 67th Way

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Presented By: Mohammad Vahdati with Keller Williams Realty; 714-240-8287
  • MLS# OC24239230
  • 11/22/2024
  • Request Tour
  • Request Info
  • Beds • 6
  • Baths • 1
  • SQFT • 2,268
  • Garage • 4
  • Year Built • 1929

Home Details

Luxurious, Fully Rebuilt Three-Unit Property, A Rare Income and Lifestyle Opportunity Experience the perfect harmony of modern design and practicality with this fully rebuilt three-unit property. Ideal for families or investors, this move-in-ready gem boasts high-end upgrades and a focus on luxury throughout. All work it done with proper permits. Live in one unit, and the rent from the other two units will cover the mortgage. Property Highlights • Completely Rebuilt: Brand-new: Electrical Systems, Plumbing, Roofing, Air Conditioning system, Automatic Sprinkler System, Double Pane Milgard Windows, and Flooring across all units. • Meticulously Designed Interiors: Modern open floor plans, high-quality finishes, and full-tile bathrooms with exquisite stone designs. • Independent Utilities: Each unit is separately metered for electricity and gas. Unit Details: Front House (Unit 1): • Spacious 3-bedroom, 2-bathroom layout. • Primary bathroom features a full bath with stunning floor-to-ceiling stone finishes. • Secondary bathroom boasts an elegant standing shower with premium stone accents. • Projected Rental Value: $4,100. ADU (Unit 2): • Modern 2-bedroom, 2-bathroom unit. • Bathrooms feature stone-accented standing showers and chic, lighted mirrors. • Projected Rental Value: $3,200 JADU (Unit 3): • Cozy 1-bedroom, 1-bathroom space. • Thoughtfully designed with a stylish standing shower and ceiling-high stone finishes. • Projected Rental Value: $2,600 $$$ Investor's Dream: Exceptional Rental income potential with very low operation expenses Estimated at or below 10% Annually due to new Construction with Hi-Cap Rate $$$. Additional Features • Modern kitchens with brand-new appliances in all units. • New washers and dryers in each unit for added convenience. • Each unit has a dedicated front yard with ample room for gardening and outdoor dining. • Beautifully landscaped front yard with fresh grass and new automatic sprinklers. • Serene backyard featuring fruit trees, creating a tranquil oasis. • Parking space for 4 cars. https://111East67thWay1818171mls.f8re.com/ https://vimeo.com/1036491765?share=copy#t=0
Presented By: Mohammad Vahdati with Keller Williams Realty; 714-240-8287

Interior Features for 111 E 67th Way

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall, NoOneAbove, NoOneBelow
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringSeeRemarks
Heating Y/NYes
Laundry FeaturesLaundryCloset, Stacked
Total Stories1

Other Rooms

Entry Level1

General for 111 E 67th Way

Additional Parcels Y/NNo
AppliancesDishwasher, GasCooktop, Disposal, GasOven, GasRange, GasWaterHeater, Microwave, WaterHeater, Dryer, Washer
Architectural StyleModern
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs
Construction MaterialsDrywall
ContingencyNone
CoolingSeeRemarks, Zoned
CountyLos Angeles
DirectionsFrom 710 get off on Artesia Blvd
ElectricStandard
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income118800.0
HOANo
HOA Fee$0.0
HeatingSeeRemarks, Zoned
Home Warranty Y/NNo
Insurance Expense0.0
Interior FeaturesAllBedroomsDown
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet6473.0
Lot Size UnitsSquareFeet
MLS Area7 - North Long Beach
MobileHomeRemainsYNNo
Net Operating Income95800.0
New ConstructionNo
Number Of Units Total3
Operating Expense23000.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionAdditionsAlterations, BuildingPermit, UpdatedRemodeled
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofCommonRoof
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Subdivision NameNorth Long Beach (NLB)
Tax Lot4
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1929
Year Built SourceEstimated
ZoningLBR1N

Exterior for 111 E 67th Way

Building Area Total2268.0
Crops Included Y/NNo
Door FeaturesMirroredClosetDoors
FencingSecurity, WroughtIron
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, BackYard, FrontYard, Garden, SprinklersInRear, SprinklersInFront, Lawn, SprinklerSystem
Lot Size Acres0.1486
Lot Size Area6473.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGravel, Gated, NoDriveway, Paved, Private, OneSpace
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

Justin Hughey

Price $1,329,000
MLS#OC24239230
List Date 11/22/2024
Property Type Multi-Family
Request Tour
Request Info

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