42 W MOUNTAIN VIEW STREET, LONG BEACH CA 90805

Owned for 36 years, this triplex presents a rare chance to own and invest in a long-term income property. The seller has lived in one unit and rented the other two to the same tenants for 35 years, showcasing its stability and appeal. Whether you choose to occupy one unit and offset costs with rental income or keep all three as an investment, the possibilities are strong. ~~~ The front two units share a common wall and were updated at one point, while the back unit has also been refreshed and includes some non-conforming additions not reflected in the official square footage. ~~~ Parking is conveniently located between the buildings with easy access for all residents. ~~~ Appliances in the back unit (44 Mountain View) are included: two refrigerators, two stoves, washer and dryer, and a dishwasher (condition unknown). The back unit enjoys its own water meter, while the front two units share one. The owner currently covers water costs of approximately $250/month, with the option to explore adding another meter through the city. ~~~ Additional highlights include a laundry area for the back unit enclosed on-site, two newer storage sheds, and a fruit-bearing citrus tree for a touch of homegrown charm. According to Long Beach planning department and they said that it's a general plan place type is MFRM3 stories It's multifamily residential moderate. You could build 62 units per acre and limit to three stories with Title 22 development standards Here’s the breakdown: The lot is 10,106 sq ft. Since there are 43,560 sq ft in an acre, that makes the lot about 0.232 acres. With the city allowing 62 units per acre, multiplying 0.232 × 62 gives us roughly 14.36 units. So, you could build about 14 units on that lot. See it! Love it! Buy it!

Listing Courtesy of Kimberly Olbrich, CENTURY 21 CITRUS REALTY INC