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126 W Plymouth Street

Long Beach, CA 90805
  • $1,214,888
  • STATUS: Pending
  • ON SITE: 29 Days
  • ID#: IV24022286
Pending
$1,214,888
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Listing Agent(s): Jose Mas of JOSE MAS, BROKER (909-229-2834)


Description

MASSIVE 7 BEDROOMS AND 5 BATHS UNIT COMPLEX...ALL UNITS HAVE THEIR OWN LAUNDRY FACILITY AND ALL UNITS HAVE THEIR OWN ELECTRICAL AND GAS METERS AND SHARE A WATER METER...BEAUTIFUL RECENTLY REMODELED, UPGRADED AND BUILT 3 UNITS PROJECT JUST 2 BLOCKS WAY FROM LONG BEACH BLVD...UNITS CONSITS OF 2 SINGE FAMILY RESIDENCE TOTALLING 3 BEDROOMS AND 2 FULL BATHROOMS EACH UNIT AND A DETACHED GARAGE CONVERSION INTO ADU OF 1 BEDROOM AND 1 BATH OF ABOUT 400 SQ FT...UNITS INCLUDE NEW ROOF AND SHINGLES THROUGHOUT, NEW WINDOWS THROUGOUT, NEW PAINT ISIDE AND OUT AND TEXTURE, NEW ELECTRICAL WIRING, NEW ELECTRICAL FIXTURES, NEW ELECTRICAL PANELS, NEW GAS LINES AND GAS METERS, NEW PLUMBING THROGHOUT, NEW PLUMBING FIXTURES, NEW DRAIN SYSTEM, NEW FLOORING AND BASEBOARDS IN ALL 3 UNITS. NEW BATHROOMS (ALL 7 OF THEM), NEW KICTHENS AND GRANITE COUNTER-TOPS...TOO MUCH TOO MENTION BUT YOU GET THE IDEA... BRAND NEW UNITS FETURING A GREAT CASH FLOW TO FUTURE OWNERS WITH AN ROI OF OVER 7.5%...PRO-FORMA RENTS ARE BASED ON CITY OF LONG BEACH HOUSING AUTHORITY AND BASED ON INCOME GUIDELINES AS PER ZIP CODE AND A 3 UNIT RENTING FOR $3,550 MONTLHLY AND A 1 BEDROOM RENTING FOR $2,050.00 AS PER HOUSING AUTHORITY...SELLER INSTALLED A REAR GATE TO ALLEY ACCESS AND GRAVEL IN ORDER TO CREATE A 4 PARKING GARAGE OPEN SPACE IN REAR....

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/147121529
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126 W Plymouth Street Long Beach, CA 90805

  • Price: $1,214,888
  • Status: Pending
  • On Site: 29 Days
  • ID#: IV24022286
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1956
Built
Neighborhood:
Unknown
County:
Los Angeles
Area:
7 - North Long Beach
Property Description
MASSIVE 7 BEDROOMS AND 5 BATHS UNIT COMPLEX...ALL UNITS HAVE THEIR OWN LAUNDRY FACILITY AND ALL UNITS HAVE THEIR OWN ELECTRICAL AND GAS METERS AND SHARE A WATER METER...BEAUTIFUL RECENTLY REMODELED, UPGRADED AND BUILT 3 UNITS PROJECT JUST 2 BLOCKS WAY FROM LONG BEACH BLVD...UNITS CONSITS OF 2 SINGE FAMILY RESIDENCE TOTALLING 3 BEDROOMS AND 2 FULL BATHROOMS EACH UNIT AND A DETACHED GARAGE CONVERSION INTO ADU OF 1 BEDROOM AND 1 BATH OF ABOUT 400 SQ FT...UNITS INCLUDE NEW ROOF AND SHINGLES THROUGHOUT, NEW WINDOWS THROUGOUT, NEW PAINT ISIDE AND OUT AND TEXTURE, NEW ELECTRICAL WIRING, NEW ELECTRICAL FIXTURES, NEW ELECTRICAL PANELS, NEW GAS LINES AND GAS METERS, NEW PLUMBING THROGHOUT, NEW PLUMBING FIXTURES, NEW DRAIN SYSTEM, NEW FLOORING AND BASEBOARDS IN ALL 3 UNITS. NEW BATHROOMS (ALL 7 OF THEM), NEW KICTHENS AND GRANITE COUNTER-TOPS...TOO MUCH TOO MENTION BUT YOU GET THE IDEA... BRAND NEW UNITS FETURING A GREAT CASH FLOW TO FUTURE OWNERS WITH AN ROI OF OVER 7.5%...PRO-FORMA RENTS ARE BASED ON CITY OF LONG BEACH HOUSING AUTHORITY AND BASED ON INCOME GUIDELINES AS PER ZIP CODE AND A 3 UNIT RENTING FOR $3,550 MONTLHLY AND A 1 BEDROOM RENTING FOR $2,050.00 AS PER HOUSING AUTHORITY...SELLER INSTALLED A REAR GATE TO ALLEY ACCESS AND GRAVEL IN ORDER TO CREATE A 4 PARKING GARAGE OPEN SPACE IN REAR....
Exterior Features

Architectural Style Contemporary Construction Materials FrameRadiant BarrierStucco Entry Level 1 Entry Location Front Door Exterior Features Rain Gutters Fencing New ConditionWood Foundation Details Slab Lot Features 0-1 Unit/AcreFront Yard Number Of Separate Electric Meters 3 Open Parking Spaces 4 Other Structures Guest HouseTwo On A Lot Parking Features Electric GateGravel Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type AlleyCity Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View NeighborhoodNone

Interior Features

Accessibility Features ParkingSee Remarks Appliances DishwasherFree-Standing RangeGas OvenGas RangeTankless Water HeaterWasher Common Walls No Common Walls Cooling Heat PumpWall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate Heating Heat Pump Heating YN Yes Interior Features Ceiling Fan(s)Furnished Window Features ENERGY STAR Qualified Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Storm Drain(s)Street LightsSidewalks Disclosures Accessory Dwelling UnitFamilial Relation Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 109800 Insurance Expense 2400 Land Lease YN No Laundry Features Washer HookupStacked Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFHAFreddie MacGovernment Loan Net Operating Income 90300 New Construction YN No New Taxes Expense 14700 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 19500 Property Condition Termite ClearanceTurnkey Property Sub Type Triplex Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Fire Detection SystemSmoke Detector(s) Senior Community YN No Sewer Sewer Assessment(s)Sewer Tap Paid Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 9150 Trash Expense 0 Utilities Sewer ConnectedWater Not Available Vacancy Allowance Rate 0 Water Sewer Expense 2400 Water Source PublicNone Zoning LBR1N



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Jose Mas of JOSE MAS, BROKER (909-229-2834)