2123 Columbia Street, Long Beach
Long Beach Home For Sale
12.25 GRM and 5% Cap rate with over 28% upside in rents! 9.5 GRM and 7% Cap Rate on market rents! See updated Rent Roll (notes in private remarks). Prime investment opportunity for a savvy investor or owner occupant buyer with unit(s) available for a buyer to move-in! The property is now priced at $232,500 per unit, situated on a tranquil cul-de-sac and within walking distance to Steven's Middle School. This meticulously maintained property offers four updated units, comprised of a diverse unit mix of (1) 3bd 1.5ba owners unit (1) 2bd 1.5 bath (3) 1bd 1ba and (1) studio. Recent upgrades include updated plumbing, electrical, water heater(s), wall heater(s), and interior renovations. The large driveway offers plenty of off street parking for the tenants. This excellent value-add opportunity boasts a huge upside in income potential. Additional income is available with a coin-operated laundry room with a $200 monthly revenue potential. Priced attractively at $232,500/ unit, this investment gem is a rare find in Long Beach. Don't miss out on the chance to secure a lucrative investment property with strong tenant demand and substantial income growth potential.
Property Details
Additional Information
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- City:
- Long Beach
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- County:
- Los Angeles
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- Zip:
- 90810
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- MLS® #:
- SB24066151
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- Bedrooms:
- 8
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- Bathrooms:
- 8
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- Lot Size:
- 0.21
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- Neighborhood:
- Westside/North of Willow (WNW)
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- Levels:
- One
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- HOA Dues:
- $
Price Change History for 2123 Columbia Street, Long Beach, (MLS® #SB24066151)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $1,395,000 | $30,000 (2.11%) | |
| Price Reduced | $1,425,000 | $60,000 (4.04%) | |
| Price Reduced (from $1,555,000) | $1,485,000 | $70,000 (4.50%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 15th, 2024 at 7:25am PDT. 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.