1465 W PARADE STREET, LONG BEACH, CA 90810

  • 2,360 sqft
  • Lot Size: 7,234 sqft
  • Built in 1950
  • MLS #OC21194695
For Sale $979,990

Description

Amazing value add opportunity knocks!! Huge potential for this Triplex, existing 2 bedroom 1 bath main front house 1465 Parade St. and (2) 1 bedroom 1 bath rear/ side units 1864 & 1866 Caspian St. combined with a total of 9 off st. parking spots/garage storage spaces. Check with the city and your contractor but believe this Property can make a easy garage conversion to additional 1+ bedroom ADU offering potential of $7000+ a month in gross rent or making it a 8.+ proforma CAP! Also perfect for an owner occupant as is, looking to live in the front house and continue to have great income from the back 2 detached units. The front house has a large fully fenced front yard and offers a oversized large front covered patio. The rear of the home opens off the kitchen laundry room and steps down into a relaxing private patio fully fenced from rear of driveway. The 1 bedrooms are both spacious with updated kitchens (5-6 years old) and a great floor plan with a rear door off the kitchen dining area that opens to individual back yards. The whole parcel sits on 7,234 sq ft and is situated on two lots with separate addresses and individually metered lots 31 and 32. Garage sits ideally detached between the front house and the rear 2 units, it is accessible directly from the driveway behind the gate, on one side for the main house on Parade and a separate 1 car garage is accessible from the Street on Caspian (currently rented to tenant). All 3 buildings have newer roofs, 6-8 years, the front house has all new copper plumbing and ABS main drain all the way to the street (approx.. 8 years old) Very low maintenance, great stable long term tenants make this a turn key investment for self management. Professional management fee omitted from expense but in place and available for new ownership if required. Call and submit your offers.

FACTS / FEATURES

  • Built in 1950
  • Lot Size: 7,234 sqft
  • Parking: 9 spaces total

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Listing Provided by Justin Schaller, Lion Heart Realty
Based on information from California Regional Multiple Listing Service, Inc. as of September 16, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.