$2,400,000
$2,400,000
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4,935 Sqft Lot
SOLD DATE : 08/01/2024
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24098190
Sold Date 08/01/24
HOA Y/N No
Year Built 1936
Lot Size 4,935 Sqft
Property Description
Beautiful 4-Plex nestled in the Historic Bluff Park
neighborhood of Long Beach, CA, 3056 E Broadway
presents a rare opportunity for investors seeking a
meticulously maintained income-producing property just
four blocks from the beach. Comprising four tastefully
renovated 2-Bed/1-Bath units, this charming property
boasts a prime location and exceptional condition. Each
unit has been extensively remodeled, including kitchens,
bathrooms, floors and paint.
Bluff Park's desirable location offers tenants easy access
to the beach, parks, dining and entertainment options,
making these units highly desirable in Long Beach's
thriving rental market. With its strong rental demand and
proximity to the beach, this property promises consisted
occupancy and rental income for investors. This asset is
ideal for any investor or first time home buyer due to its
offering of immediate returns and long-term
appreciation.
Bordering Belmont Shore and located in one of Long
Beach's top rental markets, this truly is a one-of-a-kind
building. It is just outside the $6B of development flooding
into Downtown Long Beach, including the Long Beach
Civic Center, Long Beach Aquarium, OceanAire Project,
CSULB Downtown Village, Broadway Block, The Pacific and
Queen Mary Island.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR2N
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Biking, Dog Park, Hiking, Park, Sidewalks, Water Sports
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7264006057
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Jimmy Reed • Re/Max Coastal Homes