Description
For the savvy buyer, a beautifully restored triplex with a 3BR 2BA front house and two 1BR/1BA units offers the possibility of income generator, owner-occupied, or both! This gorgeous 1923 property showcases the charm of classic bungalow style with a host of modern updates and thoughtful design. Beautifully restored by the Avi Ross Group, the front house features a light and airy open concept floor plan. Coveted original hardwood flooring is stunningly restored, imbuing the myriad modern appointments with a sense of California history. That includes an elegant modern kitchen with stainless appliances, quartz counters and a breakfast bar that opens to the dining and living area. Both luxurious baths are fully renovated with custom vanities and stylish integration of the built-in amenities that exemplify homes of this period. The front house includes laundry, a generous driveway, and spacious private back yard. At the rear of the 5,723 sqft lot, youll find a duplex, featuring two 1BR/1BA apartments, shared laundry, and 3 garage units. The property has seen $200,000 in upgrades including recent investment in new attic insulation for energy efficiency. There is also potential to add an ADU in the back building with existing plumbing available for easy conversion. Dont miss this exceptional opportunity at 1147 Ximeno Avenue in the highly desirable Eastside neighborhood of Long Beach, California, situated around the corner from Recreation Park, a short five-minute drive to both Cal State Long Beach and 2nd Street, and proximate to Traffic Circle area retail. This property generates close to $100,000 in gross rental income, 4.6% cap rate and after recent renovations requires very little maintenance. The 210.9-acre Long Beach recreation park is a short 5min walk away, home to both an 18- and 9-holes golf course, Billie Jean King Tennis Center, a lawn bowling green and both Joe Rodgers Field and Blair Field. The community center offers a wide range of art, walking, fitness and aerobic classes. The recreation park also has 2-acre dog park, lighted at night.
School Ratings & Info
Description
For the savvy buyer, a beautifully restored triplex with a 3BR 2BA front house and two 1BR/1BA units offers the possibility of income generator, owner-occupied, or both! This gorgeous 1923 property showcases the charm of classic bungalow style with a host of modern updates and thoughtful design. Beautifully restored by the Avi Ross Group, the front house features a light and airy open concept floor plan. Coveted original hardwood flooring is stunningly restored, imbuing the myriad modern appointments with a sense of California history. That includes an elegant modern kitchen with stainless appliances, quartz counters and a breakfast bar that opens to the dining and living area. Both luxurious baths are fully renovated with custom vanities and stylish integration of the built-in amenities that exemplify homes of this period. The front house includes laundry, a generous driveway, and spacious private back yard. At the rear of the 5,723 sqft lot, youll find a duplex, featuring two 1BR/1BA apartments, shared laundry, and 3 garage units. The property has seen $200,000 in upgrades including recent investment in new attic insulation for energy efficiency. There is also potential to add an ADU in the back building with existing plumbing available for easy conversion. Dont miss this exceptional opportunity at 1147 Ximeno Avenue in the highly desirable Eastside neighborhood of Long Beach, California, situated around the corner from Recreation Park, a short five-minute drive to both Cal State Long Beach and 2nd Street, and proximate to Traffic Circle area retail. This property generates close to $100,000 in gross rental income, 4.6% cap rate and after recent renovations requires very little maintenance. The 210.9-acre Long Beach recreation park is a short 5min walk away, home to both an 18- and 9-holes golf course, Billie Jean King Tennis Center, a lawn bowling green and both Joe Rodgers Field and Blair Field. The community center offers a wide range of art, walking, fitness and aerobic classes. The recreation park also has 2-acre dog park, lighted at night.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T19:37:33.58. 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.