Long Beach, CA 90815 1671 Park Avenue
$2,050,000
56 more
Presented By: Michael Domino with Coldwell Banker Realty;
Beds • 10
Baths • 5
SQFT • 4,134
Garage • 8
Year Built • 1949
Home Details
No rent control! Incredible investment opportunity in the Circle area of Long Beach. The property comprises a two-bed, two-bath single-family residence (owner occupied) and the recently built multi-family triplex. The tri-plex was completed in 2015. Each unit is highly spacious and has the custom feel and appearance more of a condominium than an apartment. The three units consist of a two-story, three-bed, three-bath. The other two units consist of a two-bedroom, two-bath unit, and a one-bedroom, two-bath unit. All units, including the house have two-car garage parking. Each unit has a built-in laundry, a tankless water heater, central air, a private balcony, and a separate electrical, gas, and water meter. In addition to the three units, an adjacent common area bonus room is plumbed with a kitchenette and could easily be converted into an additional Junior ADU rental unit. The single-family residence has been re-modeled, and the roof on both structures is less than ten years of age. This is a substantial area for rental income, and this property delivers!
Presented By: Michael Domino with Coldwell Banker Realty;
Interior Features for 1671 Park Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Interior AmenitiesBalcony, CeramicCounters, GraniteCounters, HighCeilings, AllBedroomsUp
Laundry FeaturesWasherHookup, GasDryerHookup, Inside
Total Stories1
Window FeaturesDoublePaneWindows
Other Rooms
Entry Level1
General for 1671 Park Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, TanklessWaterHeater, Dryer, Washer
Architectural StyleContemporary
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.1
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, Golf, StreetLights, Suburban, Sidewalks
ContingencyBuyer sale
CoolingCentralAir
CountyLos Angeles
DirectionsPacific Coast HWY to Park Ave. North.
Electric Expense835.54
Electric On Property Y/NNo
Entry LocationFirst Floor & Second Floor
Fuel Expense0.0
Garage Spaces8.0
Garage Y/NYes
Gross Income89173.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense2532.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet7648.0
Lot Size UnitsSquareFeet
MLS Area3 - Eastside, Circle Area
MaintenanceExpense800.0
MobileHomeRemainsYNNo
Net Operating Income89173.0
New ConstructionYes
Number Of Units Total4
Number of Units Leased4
Operating Expense18093.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Subdivision NameCircle (CA)
Tax Lot10
Taxes$11,291
Tenant PaysAllUtilities
Total Actual Rent9163.0
Trash Expense100.0
UtilitiesElectricityConnected
Water Sewer Expense500.0
Year Built1949
Year Built SourcePublicRecords
ZoningLBR4R
Exterior for 1671 Park Avenue
Building Area Total4134.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot, Walkstreet
Lot Size Acres0.1756
Lot Size Area7648.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesGarageFacesFront
Private PoolNo
SpaNo
Total Parking8.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$2,050,000
MLS#PW25046983
List Date
03/03/2025
Property Type
Multi-Family
Phone
(562) 537-4182
