Long Beach, CA 90810 1562 W 31st Street
$1,299,000
42 more
Presented By: John DeJesus Hernandez-Ball with Keller Williams South Bay; 3102480272
Beds • 7
Baths • 3
SQFT • 2,138
Year Built • 1938
Home Details
This well-maintained 4-unit property offers an excellent investment opportunity in a prime location near Silverado Park, the 710 and 405 freeways, as well as local restaurants and hospitals. The front house features 2 bedrooms and 1 bath, with sleek granite countertops, stainless steel appliances, tile flooring in the kitchen and living areas, and original hardwood floors in the bedrooms. Recently upgraded with a new roof and new solar panels, this home is energy-efficient and move-in ready.
The back units consist of two 2-bedroom, 1-bath units, one 1-bedroom, 1-bath unit, and a bonus studio—ideal for additional rental income or as a guest suite. All units are thoughtfully updated and meticulously maintained. The backyard offers a peaceful space with mature trees, while the front home enjoys its own private area for added privacy. Shared outdoor patio spaces provide a relaxing setting for entertaining.
Located in a desirable Westside Long Beach neighborhood, this property presents a fantastic opportunity for investors seeking modern updates, convenience, and long-term value.
Presented By: John DeJesus Hernandez-Ball with Keller Williams South Bay; 3102480272
Interior Features for 1562 W 31st Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringTile, Vinyl, Wood
Heating Y/NYes
Laundry FeaturesOutside
Total Stories1
Other Rooms
Entry Level1
General for 1562 W 31st Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, DogPark, Gutters, StormDrains
CoolingWallWindowUnits
CountyLos Angeles
Current FinancingFha
DirectionsNorth on Sante fe ave, right on 31st st
Electric Expense1200.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Green Energy GenerationSolar
Gross Income146400.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2400.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Listing TermsCash, Conventional, Exchange1031
Lot Size Square Feet6334.0
Lot Size UnitsSquareFeet
MLS Area11 - Westside
MaintenanceExpense1800.0
MobileHomeRemainsYNNo
Net Operating Income122280.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased1
Open Parking Spaces5.0
Operating Expense24120.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionAdditionsAlterations, UpdatedRemodeled
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofAsbestosShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameWestside/North of Willow (WNW)
Tax Lot53
Taxes$15,600
Total Actual Rent5800.0
Trash Expense0.0
Water Sewer Expense3120.0
Waterfront Y/NNo
Year Built1938
Year Built SourceAssessor
ZoningLBR1N
Exterior for 1562 W 31st Street
Building Area Total2138.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1454
Lot Size Area6334.0
Lot Size SourceSeeRemarks
Number of Buildings3
Number of Separate Electric Meters2
Number of Separate Gas Meters0
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesRvAccessParking
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$1,299,000
MLS#SB24214203
List Date
10/17/2024
Property Type
Multi-Family
Phone
(562) 818-1655
