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$ 905,000
Est. payment | /mo
5 Beds
3 Baths
5,386 Sqft Lot
$ 905,000
Est. payment | /mo
5 Beds
3 Baths
5,386 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID SB26120106
Bedrooms 5
Lot Size 5,386 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Back on the market with a major price reduction and priced to sell. This exceptional triplex features a detached (3) bedroom 1 bath home, and a duplex with (2) 1 bedroom 1 bath units located in the rear. This unit mix delivers strong in-place income of $6,865/month with clear upside through market rent increases. Interiors have been updated with fresh finishes and systems and recent capital improvements remodels, roof work, and exterior paint substantially reducing near-term maintenance obligations for a new owner. For the investor, this property generates immediate cash flow from day one. With a 30% down conventional loan, you step into positive cash flow at current rents with strong long-term appreciation potential and multiple built-in avenues to grow income over time. In addition, ADU permits were pursued to convert existing garages into more units (buyer to verify) offering another value-add play. For the owner-user, this is a rare live-and-earn opportunity. Occupy one of the units and let the other two work for you tenant rents offset a substantial portion of your monthly carrying costs, making homeownership in Long Beach dramatically more attainable while you build equity in a cash-flowing asset. FHA and low-down owner-occupant financing options may apply. Located in a desirable Long Beach rental corridor, 2310 Elm Avenue offers an exceptional combination of immediate income, long-term appreciation, and multiple paths to grow value. Whether you are an investor seeking a turn-key cash-flowing asset or an owner-user ready to reduce your cost of living, this is the o
Location
State CA
County Los Angeles
Zoning Seller
Direction none
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7208016022
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by William Mulkey, DRE#00986020 TR Wealth Management Inc.
Nearby Locations
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Johnny Fitzmaurice