$716,666
$825,000
13.1%For more information regarding the value of a property, please contact us for a free consultation.
494 496 E Sunset ST Long Beach, CA 90805
1,848 SqFt
Key Details
Sold Price $716,666
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,848 sqft
Price per Sqft $387
Subdivision North Long Beach (Nlb)
MLS Listing ID PW23211575
Sold Date 02/08/24
HOA Y/N No
Year Built 1954
Lot Size 6,886 Sqft
Acres 0.1581
Property Description
494-496 E Sunset St is an excellent investment opportunity tucked away in a quiet neighborhood corner of North Long Beach. This is a unique opportunity to own two identical duplexes on adjacent lots. The property consists of four 1bd/1ba units with ample parking and a 2-car garage in the back that provides ADU potential*, and the asset offers rental upside of +/- 12%. Just a short drive from the numerous grocery stores and vast selection of restaurants lining Atlantic Blvd., and a straight shot to the 710 and 91-Freeway junction, 494-496 E Sunset offers a fantastic level of convenience to its tenants. This property is listed separately but offers a unique opportunity to acquire 6 total units with the addition of the duplex at 491-491 ½ E 51st St that backs up to the property.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR1N
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7130011015
Energy Description 750.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Robert Stepp • Keller Williams - Santa Monica