Detailed Introduction Of This Home
Amazing Triplex in Long Beach! 1920’s Style Bungalow Front House has been renovated & has 3 bedrooms & 1.5 Baths has a NEW ROOF, Copper Plumbing, Washer & Dryer Hookups & will be delivered vacant! Long Driveway that can fit up to 3 cars and DETACHED single car garage that has HUGE ADU Potential! The Back of the Property is Totally Separate w/the DUPLEX built in the late 80s with each unit featuring 2 bedrooms & 1 bath. 3118 A has Long Term, Good Paying Stable Tenants. 3118 B has been renovated & good tenants. Parking for up to 4 cars in the back. The property is separately metered for gas & electricity. The owner is ONLY responsible for paying for water & common area electricity. with Potential income of OVER $82,000 per year & expenses of less than $3000 per year, this is a cash flow property! A new drain has also been installed from the house to the street for the entire property. From an investment standpoint, this triplex will bring a great return as the rents collected are almost market and the front house can be rented for market rent. For a Homeowner, the Duplex Income will help pay for the mortgage! Highly desirable location due to its proximity to freeways, colleges, and shopping centers.