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$975,000
Est. payment /mo
2 Beds
1,846 SqFt
Active
440 N Zona Court Long Beach, CA 90802
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,846 sqft
Price per Sqft $528
MLS Listing ID CRSB25234349
Bedrooms 2
HOA Y/N No
Year Built 1940
Lot Size 2,546 Sqft
Acres 0.06
Property Sub-Type Quadruplex
Property Description
Perfect starter 4 unit property on a quiet street only blocks from the Beach and Downtown. Front one bed, one bath bungalow plus three studios in the rear. Front house full of historic character with hardwood floors, craftsman built-ins, large windows, renovated bathroom, kitchen, dining room, service porch and interior paint. Three well laid out studios in the rear with separate entrances, full sized bathrooms and kitchens. Well priced on actual income at 12.8X GRM plus a 9% upside to 11.8X GRM and over a 5% cap rate. Upgrades from 2020 on include newer electrical panels, new roof on front house, refreshed roof on back structure, full exterior paint, remodeled front house and one studio. Separately metered for gas and electric. Excellent location in Alamitos Beach just outside of Downtown Long Beach's East Village Arts District. Located on a small, quiet side street full of historic properties (not an alley like many "court" streets). Only 4 blocks to the beach, less than a block into the Downtown, and a few blocks to Retro Row. Walk Score 94/100
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Tile, Wood
Fireplace No
Laundry Common Area
Exterior
View Y/N false
View None
Building
Lot Description Other
New Construction No
Others
Tax ID 7266008007

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Listed by Anthony Walker • Buckingham Investments, Inc
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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