Mary Ryan
This listing was posted on RealtyWW.
$989,000
E Th St, Long Beach, Home For Sale
Price:
$989,000
BR/BA:
4 BR, 2 BA
Location:
4141 E 7th St, Long Beach, CA
Description:
This is an opportunity to acquire a high-demand asset in a desirable location with immediate income generation potential. Unlock the potential of this prime mixed-use property in Belmont Heightsan excellent opportunity for savvy investors or owner-users looking for strong value and steady returns. This well-maintained lot offers both commercial and residential spaces, both in turn-key condition and ready to generate income. The front unit, 4141, spans approximately 550 sq. ft. and serves as an office or retail space. With a current rental income of $3, 000 per month, there may still be room to increase rent to align with market rates. It features a main room, full bath, kitchen, and two additional rooms, with potential for conversion to residential zoning with minimal modifications. The rear unit, 4147, is a two-bedroom, one-bath single-family home backing up to the quiet Greenbelt Park. This unit has been a highly profitable Airbnb, generating gross rents of approximately $72, 000 in 2023an average of just under $6, 000 per month. Together, both units bring in an average of $9, 000 per month in rental income, providing an attractive return on investment. The sale price includes not only the property but also all furnishings, appliances, artwork, and the business LLC, Pilgrim's Way, which operates the Airbnb. Additionally, the City's Short-Term Rental (STR) license, a valuable asset, is included in the deal. With separate electric and gas meters for each unit, plus four parking spaces, this property is both flexible and independent for future tenants or owners. Located near Blair Field, Alamitos Heights Park, the beaches, bay and Marine Stadium, this property combines convenience with income potential.For more details: https://realtyww.info/homes_long-beach-d523493/for-sale_i76892171
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More About this Listing: E Th St, Long Beach, Home For Sale
E Th St, Long Beach, Home For Sale is a Four Bedroom Two Bath Single-Family Homes for Sale at 4141 E 7th St in Long Beach CA. Find other listings like E Th St, Long Beach, Home For Sale and listings near 4141 E 7th St by searching Oodle Classifieds for Four Bedroom Two Bath Single-Family Homes for Sale in Long Beach CA.
E Th St, Long Beach, Home For Sale is a Four Bedroom Two Bath Single-Family Homes for Sale at 4141 E 7th St in Long Beach CA. Find other listings like E Th St, Long Beach, Home For Sale and listings near 4141 E 7th St by searching Oodle Classifieds for Four Bedroom Two Bath Single-Family Homes for Sale in Long Beach CA.