Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1671 Park Avenue, Long Beach, CA 90815
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    1671 Park Avenue
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    • MLS#: PW25046983 ( Quadruplex )
    • Street Address: 1671 Park Avenue
    • Viewed: 7
    • Price: $2,050,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1949
    • Bldg sqft: 0
    • Days On Market: 48
    • Additional Information
    • County: LOS ANGELES
    • City: Long Beach
    • Zipcode: 90815
    • Subdivision: Circle (ca)
    • Provided by: Coldwell Banker Realty
    • Contact: Michael Michael
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      No rent control! Incredible investment opportunity in the Circle area of Long Beach. The property comprises a two bed, two bath single family residence (owner occupied) and the recently built multi family triplex. The tri plex was completed in 2015. Each unit is highly spacious and has the custom feel and appearance more of a condominium than an apartment. The three units consist of a two story, three bed, three bath, of which the lower bedroom has been converted into a Junior ADU. The other two units consist of a two bedroom, two bath unit, and a one bedroom, two bath unit. All units, including the house (except the Junior ADU), have two car garage parking. Each unit has a built in laundry, a tankless water heater, central air, a private balcony, and a separate electrical, gas, and water meter. In addition to the three units, an adjacent common area bonus room is plumbed with a kitchenette and could easily be converted into an additional Junior ADU rental unit. The single family residence has been re modeled, and the roof on both structures is less than ten years of age. This is a substantial area for rental income, and this property delivers!
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    Features
    Appliances
    1. Dishwasher
    2. Tankless Water Heater
    Architectural Style
    1. Contemporary
    Assessments
    1. Unknown
    Association Fee
    1. 0.00
    Building Area Total
    1. 4134.00
    Commoninterest
    1. None
    Common Walls
    1. 2+ Common Walls
    Cooling
    1. Central Air
    Country
    1. US
    Days On Market
    1. 39
    Electric Expense
    1. 835.54
    Entry Location
    1. First Floor & Second Floor
    Fireplace Features
    1. None
    Flooring
    1. Wood
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 8.00
    Gardner Expense
    1. 1500.00
    Heating
    1. Central
    Insurance Expense
    1. 2532.00
    Interior Features
    1. Balcony
    2. Ceramic Counters
    3. Granite Counters
    4. High Ceilings
    Laundry Features
    1. Dryer Included
    2. Gas Dryer Hookup
    3. Inside
    4. Washer Hookup
    5. Washer Included
    Levels
    1. One
    2. Two
    Lockboxtype
    1. None
    Lot Features
    1. Rectangular Lot
    2. Walkstreet
    Netoperatingincome
    1. 89173.00
    Newtaxesexpense
    1. 11291.00
    Parcel Number
    1. 7220002010
    Parking Features
    1. Garage Faces Front
    Pool Features
    1. None
    Postalcodeplus4
    1. 3868
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Quadruplex
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 433354346:CRM
    Subdivision Name Other
    1. Circle (CA)
    Tenant Pays
    1. All Utilities
    Totalactualrent
    1. 9163.00
    Totalexpenses
    1. 18658.54
    Trash Expense
    1. 100.00
    Utilities
    1. Electricity Connected
    Vacancyallowance
    1. 2690
    Water Sewer Expense
    1. 500.00
    Water Source
    1. Public
    Window Features
    1. Double Pane Windows
    Year Built
    1. 1949
    Year Built Source
    1. Public Records
    Zoning
    1. LBR4R
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836