Project/Tract: Unknown County: Los Angeles Year Built: 1957 Association Fees: $0.00/mo.
Quadplex (originally 6 units) built in 1957. Quadplex consist of (1) 5 Bedroom 2 Bath unit; (1) 4 Bedroom 2 Bath unit & (2) 3 Bedroom 1 bath units. Easily can downsize 5th bedroom units to a 4 bedroom unit & move 1 bedroom to the other unit, making that 3 & 1 now a 4 & 1. New cooper plumbed; bathrooms upgrades along with windows in baths replace in 2019. Roof installed in 2014. 3 units have hardwood floors & tiles installed in kitchens. 4th unit the 5 bedrooms unit needs upgrading. Tenants are month to month. Units individually metered for electricity & gas. Units #1 & 4 share a water heater so owner pays for gas & water for those units. No rent control (awesome). Proforma Rents = $91,800 GSI very conservative thus with additional improvements should get $101,400 GSI (i.e. is $2,925 per month more in rents). Close to bus line; 405 Freeway; 710 Freeway; Downtown LB; Long Beach Memorial Hospital; Long Beach Airport; the Beach; Near LB Unified School District Headquarters and all Los Angeles & Orange County has to offer.