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!
Property Details
Price:
$2,200,000
MLS #:
PW25046983
Status:
Active
Baths:
0
Address:
1671 Park Avenue
Type:
Residential Income
Subtype:
Quadruplex
Subdivision:
Circle CA
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
Mar 1, 2025
State:
CA
ZIP:
90815
Lot Size:
7,648 sqft / 0.18 acres (approx)
Year Built:
1949
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Schools
Interior
Appliances
Dishwasher, Tankless Water Heater
Cooling
Central Air
Fireplace Features
None
Flooring
Wood
Heating
Central
Interior Features
Balcony, Ceramic Counters, Granite Counters, High Ceilings
Window Features
Double Pane Windows
Exterior
Community Features
Biking, Golf, Sidewalks, Street Lights, Suburban
Garage Spaces
8.00
Lot Features
Rectangular Lot, Walkstreet
Parking Features
Garage Faces Front
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities
Utilities
Electricity Connected
Map
Community
- Address1671 Park Avenue Long Beach CA
- Area3 – Eastside, Circle Area
- SubdivisionCircle (CA)
- CityLong Beach
- CountyLos Angeles
- Zip Code90815
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1671 Park Avenue
Long Beach, CA
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