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Jon Kolsky

Jon Kolsky
Kolsky Realty and Management Company
DRE#01311273
562-225-2296
Contact Me

 

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Listing 3 out of 500
$1,350,000 For Sale

2207 E 2nd Street
Long Beach, CA 90803

3 units | Multi Family Home
5732 sq ft - MLS# RS18166480
Property Photo
1/6

Description

Rare opportunity to purchase a massive Triplex in the prestigious Bluff Park neighborhood in Long Beach, CA. Incredible opportunity for both investors or someone looking to live in the massive 3 Bed / 3 Bath Owner's unit and rent the other two. The 3 Bed / 3 Bath sits below a large 3 Bed / 2 Bath with an enclosed patio and there is a separate spacious studio over a two car garage. Premier Bluff Park location next to multi-million dollar homes and within walking distance to local amenities (Walk Score of 89 & Bike Score of 91). The property is located in a historical district, but does NOT hold a historical designation, allowing for a much smoother renovation process. Units feature charming early 1900's original hardwood floors and built-ins, allowing an owner to restore the original charm, modernize the interiors and raise rents significantly.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90803
  • Year Built: 1911
  • Subdivision/Neighborhood: Bluff Park (Blf)
  • Units: 3 units
  • # of Parking Spaces: 2.00
  • Lot Size: 5732 sq ft
  • Zoning: LBR3S
  • Area: 2 - Belmont Heights, Alamitos Heights
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3991.00
  • Building Area Units: Square Feet
  • Community Features: Curbs, Gutters, Storm Drains, Street Lighting, Urban
  • Country: US
  • Directions: 2nd Street Between Junipero Ave & Kennebec Ave
  • Flooring: Wood
  • Garage Spaces: 2.00
  • Gross Income: 71700.00
  • Gross Multiplier: 18.83
  • Gross Operating Income: 69549.00
  • Gross Scheduled Income: 71700.00
  • Insurance Expense: 1596.00
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01946829
  • Listing Office License: 01909400
  • Lot Features: 21-25 Units/Acre, Back Yard, Front Yard, Level with Street, Yard
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 3000.00
  • Net Operating Income: 44860.00
  • New Taxes Expense: 17043.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Operating Expense: 24689.00
  • Operating Expense Percent: 35.00
  • Other Expense: 1200.00
  • Other Expense Description: Utilitie
  • Parking Features: Driveway - Concrete, Garage
  • Parking YN: Yes
  • Total Expenses: 24689.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Nationwide Real Estate Execs, Andrew McAllister

Jon Kolsky | 562-225-2296 | Contact Me
Kolsky Realty and Management Company - 5305 East 2nd, Suite#206 - Long Beach, CA 90803
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