Active
2123 W Columbia Street
Long Beach CA, 90810
$1,485,000
$444.88 per sqft
Active
3,338 sqft
Condo
Built in 1946
Listed by Christopher Crosby with Buckingham Investments, Inc 310 982-7055
UPDATED RENT ROLL AND PRICE REDUCTION! 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 50% upside in income potential. Additional income is available with a coin-operated laundry room with a $200 monthly revenue potential. Priced attractively at $247,500/ 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.
SB24066151
MLSⓇ ID
March 23, 2024
Listed
May 6, 2024
Updated
Map
2123 W Columbia Street
Long Beach CA, 90810
Interior Features
Total Stories
1
Interior Features
All Bedrooms Down
Appliances
Dryer, Washer
Laundry Description
Common Area, Washer Hookup
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.21 Acres
Lot Features
Back Yard, Cul-De-Sac, Front Yard, Garden, Lawn, Near Park, Yard
Sewer
Unknown
Other Property Details
Area Name
11 - Westside
Days on Market
32
Garage
No
Parking Total
9
View
Yes
View Description
Park/Greenbelt, Neighborhood
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LBR1N
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
5/6/2024 | Price Change | $1,485,000 -5% |
Listing Contact: 310 982-7055
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/6/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 5/6/2024 at 5:09 AM UTC