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1116 E 16th Street

Long Beach, CA 90813
  • $1,299,000
  • STATUS: Active
  • ON SITE: 395 Days
  • MLS #: WS22182162
UPDATED: 42 min ago
$1,299,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Listing Agent(s): Herbert Hwang of Illuminant Properties (626-423-9909)


Description

***$8,190/month & $98,280/year rental income. All Tenants are current on the rent*** High cash flow and easy to manage. Ideal investment property. Long term tenants. Full rent collection throughout the pandemic. The stability every investor is looking for. The subject property has a 3 bedroom/2 bathrooms detached home in the front. Rear building has one 4 bedrooms/ 2 bathrooms at the lower level and two 1 bedroom/1 bathroom units at upper level. On site parking spaces. Property sold as is. Buyer to verify all information, not limited to unit counts and unit size and total sf. Interior viewing subject to accepted offer.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T12:32:25.023. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/132347211
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1116 E 16th Street Long Beach, CA 90813

  • Price: $1,299,000
  • Status: Active
  • On Site: 395 Days
  • Updated: 42 min ago
  • MLS #: WS22182162
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1910
Built
Neighborhood:
Poly High (Ph)
County:
Los Angeles
Area:
9 - Poly High
Property Description
***$8,190/month & $98,280/year rental income. All Tenants are current on the rent*** High cash flow and easy to manage. Ideal investment property. Long term tenants. Full rent collection throughout the pandemic. The stability every investor is looking for. The subject property has a 3 bedroom/2 bathrooms detached home in the front. Rear building has one 4 bedrooms/ 2 bathrooms at the lower level and two 1 bedroom/1 bathroom units at upper level. On site parking spaces. Property sold as is. Buyer to verify all information, not limited to unit counts and unit size and total sf. Interior viewing subject to accepted offer.
Exterior Features

Carport Spaces 0 Fencing WoodWrought Iron Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 4 Parking Features Assigned Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Asbestos ShingleCompositionFlat Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring LaminateTile Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Current Financing Conventional Garage YN No Gross Income 92880 Gross Scheduled Income 97320 Insurance Expense 1500 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 ExchangeSubmit Maintenance Expense 2000 Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 0 Possession Close Of Escrow Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Trash Expense 400 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Water Sewer Expense 1600 Water Source Public Zoning Lbr34



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T12:32:25.023. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Herbert Hwang of Illuminant Properties (626-423-9909)