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$ 999,999
Est. payment | /mo
5 Beds
3 Baths
5,386 Sqft Lot
$ 999,999
Est. payment | /mo
5 Beds
3 Baths
5,386 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID SB26120106
Bedrooms 5
Lot Size 5,386 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
This exceptional triplex features a detached (3) bedroom 1 bath home, and a duplex with (2) 1 bedroom 1 bath units located in the rear. This unit mix delivers strong in-place income of $6,865/month with clear upside through market rent increases. Interiors have been updated with fresh finishes and systems and recent capital improvements remodels, roof work, and exterior paint substantially reducing near-term maintenance obligations for a new owner. For the investor, this property generates immediate cash flow from day one. With a 30% down conventional loan, you step into positive cash flow at current rents with strong long-term appreciation potential and multiple built-in avenues to grow income over time. In addition, ADU permits were pursued to convert existing garages into more units (buyer to verify) offering another value-add play. For the owner-user, this is a rare live-and-earn opportunity. Occupy one of the units and let the other two work for you tenant rents offset a substantial portion of your monthly carrying costs, making homeownership in Long Beach dramatically more attainable while you build equity in a cash-flowing asset. FHA and low-down owner-occupant financing options may apply. Located in a desirable Long Beach rental corridor, 2310 Elm Avenue offers an exceptional combination of immediate income, long-term appreciation, and multiple paths to grow value. Whether you are an investor seeking a turn-key cash-flowing asset or an owner-user ready to reduce your cost of living, this is the opportunity you have been waiting for.
Location
State CA
County Los Angeles
Zoning Seller
Direction Long Beach Blvd North to 23rd Street East to Elm
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7208016022
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by William Mulkey, DRE#00986020 TR Wealth Management Inc.
Nearby Locations
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