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Long Beach, CA 90805,1060 E 60th ST
$740,000
Est. payment /mo
$785,000
5.7%
Est.Price: ?

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9,365 Sqft Lot
SOLD DATE : 03/24/2016

Key Details

Sold Price $740,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID RS15235168

Year Built 1957

Lot Size 9,365 Sqft

Property Description

BACK ON THE MARKET DUE TO BUYER FINANCING ISSUES! Great opportunity to own 4 units in North Long Beach! Buy as an investment or live in one and use rental income to offset mortgage. All units are 100% tenant occupied. Front building features two units. One unit has 3 bedrooms, 2 baths, approx 1,534 sq. ft. (Front). Perfect for Owner or Manager's unit. Second unit features 2 bedrooms, 1 bath, approx 748 sq. ft. (Adjacent to front unit). Rear building features two units. One unit is 2 bedrooms, 1 bath, approx 616 sq. ft and second unit is a studio apartment, approx. 360 sq. ft. ALL units have single car garages and laundry hook-ups. Front building has 2 year old roof. Rear building had NEW roof installed in August 2015. NEWER water heaters in all units. Studio completely remodeled in 2015 with ceramic floor throughout, NEW dual pane, vinyl energy efficiency Anlin windows; New lower kitchen cabinets & granite counter top; New bathroom vanity, toilet, plumbing for shower. New drywall and paint. Front 3 bedroom unit had NEW electrical panel and some rewiring completed approximately 2 years ago. Rents are conservative and can be increased. NO RENT CONTROL! Conveniently located near shopping, transportation & freeways! SELLER MOTIVATED!

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Exterior

Parking Features Garage, On Street

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks

Utilities Available Sewer Available

Building

Lot Description Corner Lot, Yard

Story Two

Water Public

Others

Acceptable Financing Cash, Cash to New Loan, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, FHA, VA Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by David DeLaTorre • David DeLaTorre Broker
Bought with David DeLaTorre • David DeLaTorre Broker
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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