Leonard Larocca
This listing was posted on RealtyWW.
$1,100,000
Home For Sale In Long Beach, California
Price:
$1,100,000
BR/BA:
4 BR, 2 BA
Location:
4141 E 7th St, Long Beach, CA
Description:
Explore the potential of this mixed-use property located in the highly sought-after Belmont Heights, an ideal choice for an owner-user or investor. This unique lot features both commercial and residential spaces that are in turn-key/like new condition. The front unit, addressed as 4141, offers approximately 550 sq. ft. of office or retail space. Currently rented at $3, 000 per month, which is below market value, it includes a main room, a full bath, a kitchenette, and two additional rooms. This unit can also be rezoned to residential with some city-mandated egress modifications. The rear unit, addressed as 4147, is a cozy single-family home with two bedrooms and one bathroom, spanning approximately 571 sq. ft. residential unit backs up to Greenbelt Park and is very quiet with no immediate neighbors. It has been successfully utilized as an Airbnb, generating gross rents of approximately $82, 000 in 2023, which averages just under $7, 000 per month. Both units combined generate an average rental income of $10, 000 per month before expenses. The list price includes the real estate, all contents, furnishings, appliances, artwork, kitchen utensils, the business LLC (Pilgrim's Way under which the Airbnb operates), and the Citys STR (Short Term Rental) license, which is renewed annually. Each unit has separate meters for electric and gas, enhancing their independence. Located just a few blocks from Blair Field, Recreation Park, Alamitos Heights Park, and within easy reach of local markets, stores, shops, restaurants, and the beach, this property offers both convenience and significant income potential. Situated conveniently between the units are four parking spaces. The property is being sold AS IS and WHERE IS, with buyers encouraged to conduct their own investigations. Property is also listerd under Commercial Sale MLS#SB24092079 for additional information.For more details: https://realtyww.info/homes_long-beach-d523493/for-sale_i71744081
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More About this Listing: Home For Sale In Long Beach, California
Home For Sale In Long Beach, California is a Four Bedroom Two Bath Single-Family Homes for Sale at 4141 E 7th St in Long Beach CA. Find other listings like Home For Sale In Long Beach, California 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.
Home For Sale In Long Beach, California is a Four Bedroom Two Bath Single-Family Homes for Sale at 4141 E 7th St in Long Beach CA. Find other listings like Home For Sale In Long Beach, California 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.