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901 Walnut AVE Long Beach, CA 90813
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Key Details
Sold Price $895,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,302 sqft
Price per Sqft $388
Subdivision Other (Othr)
MLS Listing ID SB21038523
Sold Date 04/01/21
Bedrooms 5
Full Baths 4
Construction Status Building Permit,Updated/Remodeled
HOA Y/N No
Year Built 1922
Lot Size 5,662 Sqft
Property Description
Rare Owner/User plus Investment opportunity located in Historic Craftsman Village!
Fantastic corner lot location consisting of a traditional Craftsman 2 Bed 1 bath home with beautiful architectural lines & a gracious front porch on Walnut Ave., along with a recently remodeled Duplex consisting of 2 (1x1) Units plus a separate studio located on the 9th st side of the lot.
So many possibilities, along with a huge upside potential on the rents! All of these have long term tenants of 3 plus years or more. This would make a great Owner/User investment if you remodeled the front house to live in and then sat back and let the other 3 units cash flow with passive rental income. This really is a must see as these do not hit the market very often.
The Duplex was fully remodeled in 2015 with permits.
There is also a fully transferable Oil & Gas lease that will provide approx $2000 annually of additional passive income.
Please note that interior photos are of the 1x1's in the Duplex after being remodeled and prior to them being rented.
Showings will be conducted on weekends only, so call listing agent to schedule your showing today.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR2N
Rooms
Main Level Bedrooms 2
Interior
Interior Features Coffered Ceiling(s), Granite Counters, Laminate Counters, All Bedrooms Down
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Dryer, Washer
Laundry In Kitchen
Exterior
Garage Unassigned
Garage Spaces 2.0
Garage Description 2.0
Fence Chain Link
Pool None
Community Features Park, Storm Drain(s), Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition,Flat,Shingle
Attached Garage No
Total Parking Spaces 2
Private Pool No
Building
Lot Description Corner Lot, Front Yard, Near Public Transit, Street Level
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories One
New Construction No
Construction Status Building Permit,Updated/Remodeled
Schools
School District Long Beach Unified
Others
Senior Community No
Tax ID 7267019007
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Scott Niles • Elements Real Estate
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