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2122 E 10th Street, Long Beach, California 90804, Long Beach, 90804 - bed, bath

2122 E 10th Street, Long Beach, California 90804 home-pic-0
ACTIVE$1,499,000
2122 E 10th Street, Long Beach, California 90804
0Bed
0Bath
3,658Sqft
3,250Lot
Year Built
1963
Close
-
List price
$1.5M
Original List price
$1.8M
Price/Sqft
$410
HOA
-
Days on market
-
Sold On
-
MLS number
OC25029958
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(93th), sqft - 3658(87th), beds - undefined(50th), baths - undefined(50th).

Exceptional Investment Opportunity in Prime Long Beach Location! Low-maintenance property, ideal for both new and seasoned investors for adding to their real estate portfolio. This fourplex features 1 bedroom & 1 bath unit, 4 bedroom & 2 bath unit with garage, 3 bedroom & 2 baths unit with garage, and 3 bedroom & 1 bath unit, a well mixture of unit sizes to maximize the income possibility, and generating an impressive annual gross income of $132,000, boasting one of the most profitable fourplexes on the market. This property has undergone a remodel in 2021 with attention to detail to offer an added value to the property. Conveniently located close to stores, restaurants, public transportation, and easy access to the Pacific Coast Hwy and freeways, this is a property that delivers a perfect opportunity for immediate cash flow!

Nearby schools

6/10
Burbank Elementary School
Public,•K-5•0.4mi
5/10
Willard Elementary School
Public,•K-5•0.6mi
7/10
Lincoln Elementary School
Public,•K-5•0.7mi
7/10
Lee Elementary School
Public,•K-5•0.7mi
4/10
Whittier Elementary School
Public,•K-5•0.8mi
9/10
Fremont Elementary School
Public,•K-5•1.3mi
6/10
Bryant Elementary School
Public,•K-5•1.3mi
6/10
Franklin Classical Middle School
Public,•6-8•0.8mi
7/10
Jefferson Leadership Academies School
Public,•6-8•1.0mi
6/10
Polytechnic High School
Public,•9-12•1.2mi
6/10
Wilson High School
Public,•9-12•1.4mi

Price History

Date
Event
Price
04/20/21
Sold
$1,180,000
02/22/17
Sold
$820,000
09/02/16
Sold
$740,000
05/25/00
Sold
$292,500
Condition Rating
Good
The property was built in 1963 but underwent a remodel in 2021. The images show updated flooring and what appears to be a mini-split AC system. While the overall style isn't high-end, the recent remodel suggests that the kitchens and bathrooms are likely in good, functional condition. The description mentions attention to detail during the remodel, further supporting a 'good' condition rating.
Pros & Cons

Pros

High Income Potential: The property generates an impressive annual gross income of $132,000, making it a highly profitable investment.
Mix Unit Sizes: Features a well-balanced mix of unit sizes (1x1, 4x2, 3x2, and 3x1) to maximize income possibilities and appeal to a wider range of tenants.
Remodeled in 2021: The property was remodeled in 2021, adding value and reducing potential maintenance costs for the new owner.
Prime Location: Conveniently located near stores, restaurants, public transportation, Pacific Coast Hwy, and freeways, offering easy access to amenities and transportation.
Low-Maintenance: Advertised as a low-maintenance property, appealing to both new and seasoned investors seeking a hassle-free investment.

Cons

Year Built: Built in 1963, the property may require ongoing maintenance and potential upgrades due to its age.
Original List Price Reduction: The property's price was reduced from $1.8M to $1.499M, which may indicate challenges in attracting buyers at the original price point.
Lot Size: The lot size is 3,250 sqft, which is relatively small and may limit future expansion or development possibilities.

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