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    2916 E 10Th St

    Long Beach, CA 90804
    • $930,000
    • STATUS: Active Under Contract
    • ON SITE: 52 days
    • MLS #: 21-744434
    Under Contract
    UPDATED: 12 min ago
    $930,000
    • 4
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,622
      SQFT
    • $355
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1938
    County:

    School Ratings & Info

    Description

    2916 E 10th St is a duplex in Long Beach, CA in the desirable Eastside Rose Park neighborhood. The building is well-maintained 1930s construction with spacious 2 bed 1 bath units and gated parking. Units have hardwood floors, stainless steel appliances, granite countertops, and washer and dryer. One unit will be delivered vacant at the close of escrow which makes this a fantastic owner user investment opportunity with 15% upside in rents. The property is conveniently located 1.5 miles from the Long Beach City Beach and the Recreation Park Golf Course. It's also 3 miles off the N Lakewood Exit from the 405 Freeway. The upstairs unit is currently owner-occupied. The owner will be moving out and this unit has been underwritten at a projected market rent of $2,400 per month in our investment summary.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-01T20:42:31.813. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.haciendagroupinc.com/homes/118072985
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    2916 E 10Th St Long Beach, CA 90804

    • Price: $930,000
    • Status: Active Under Contract
    • Updated: 12 min ago
    • MLS #: 21-744434
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,622
    SQFT
    $355
    $/SQFT
    1938
    Built
    Neighborhood:
    Eastside, Circle Area
    County:
    Los Angeles
    Area:
    Eastside, Circle Area
    Property Description
    2916 E 10th St is a duplex in Long Beach, CA in the desirable Eastside Rose Park neighborhood. The building is well-maintained 1930s construction with spacious 2 bed 1 bath units and gated parking. Units have hardwood floors, stainless steel appliances, granite countertops, and washer and dryer. One unit will be delivered vacant at the close of escrow which makes this a fantastic owner user investment opportunity with 15% upside in rents. The property is conveniently located 1.5 miles from the Long Beach City Beach and the Recreation Park Golf Course. It's also 3 miles off the N Lakewood Exit from the 405 Freeway. The upstairs unit is currently owner-occupied. The owner will be moving out and this unit has been underwritten at a projected market rent of $2,400 per month in our investment summary.
    Exterior Features

    Lot Size Area 4507 Other Structures Other Parking Garage Other Total Parking 3

    Interior Features

    Baths Total 2.00 Cooling Other Equipment Other Heating Other

    Property Features

    Gross Income 48600 Gross Operating Income 47142 Like Units1 1 Like Units2 1 Net Operating Income 28037.00 Number Of Buildings 1 Number Of Units 2 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 19105 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lbr2n

    Listing provided courtesy of David Harrington DRE#01320460 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-01T20:42:31.813. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253