$1,555,000 - 2123 Columbia Street, Long Beach

  • 8Beds
  • 8Baths
  • 0SQ. Feet
  • 0.21Acres

PRIME INVESTMENT OPPORTUNITY! Situated on a tranquil cul-de-sac and within walking distance to Steven's Middle School, this meticulously maintained property offers four updated units, comprised of a diverse unit mix of (1) 3bd 1.5ba owners unit (1) 2bd 1.5 bath (3) 1bd 1ba and (1) studio. Recent upgrades include updated plumbing, electrical, water heater(s), wall heater(s), and interior renovations. The large driveway offers plenty of off street parking for the tenants. This excellent value-add opportunity boasts over 70% upside in income potential. Additional income is available with a coin-operated laundry room with a $200 monthly revenue potential. Priced attractively at $259,167/ unit, this investment gem is a rare find in Long Beach. Don't miss out on the chance to secure a lucrative investment property with strong tenant demand and substantial income growth potential.

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Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:SB24066151
  • Price:$1,555,000
  • Bedrooms:8
  • Bathrooms:8.00
  • Acres:0.21
  • Year Built:1946
  • Type:Residential Income
  • Sub-Type:Apartment
  • Status:Active
  • Listing Agent:Christopher Crosby
  • Listing Office:Buckingham Investments, Inc

Community Information

  • Address:2123 Columbia Street
  • Area:11 - Westside
  • Subdivision:Westside/North of Willow (WNW)
  • City:Long Beach
  • County:Los Angeles
  • Zip Code:90810

Amenities

  • Parking Spaces:9
  • View:Park/Greenbelt, Neighborhood
  • Pool:None

Interior

  • Interior Features:All Bedrooms Down
  • Appliances:Dryer, Washer
  • Heating:Wall Furnace
  • Cooling:Wall/Window Unit(s)
  • Fireplaces:None
  • # of Stories:1
  • Stories:One

Exterior

  • Lot Description:Back Yard, Cul-De-Sac, Front Yard, Garden, Lawn, Near Park, Yard

Additional Information

  • Date Listed:March 23rd, 2024
  • Days on Market:27
  • Zoning:LBR1N

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Based on information from California Regional Multiple Listing Service, Inc. as of April 30th, 2024 at 9:55pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.