2123 W Columbia Street Long Beach, CA ^$ 1,485,000

2123 W Columbia Street

^$ 1,485,000

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2123 W Columbia Street

Long Beach, CA, 90810

^$ 1,485,000

Bedrooms8 Baths6.2 Sq 3,338

Monthly Estimate*

^$ 10,373

Listed by Buckingham Investments, Inc

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Multi-Family Home for sale in Long Beach, CA

for $1,485,000 with 8 bedrooms and 6 full baths, 2 half baths. This 3,338 square foot home was built in 1946 on a lot size of 0.213.

UPDATED RENT ROLL AND PRICE REDUCTION! Prime investment opportunity! 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 over 50% upside in income potential. Additional income is available with a coin-operated laundry room with a $200 monthly revenue potential. Priced attractively at $247,500/ 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.

Multi-Family Active

Price

^$ 1,485,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.213

Year Built

1946

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB24066151

Days on Market

Features

General

Interior Features AllBedroomsDown

Sewer Unknown

Heating WallFurnace

Cooling WallWindowUnits

Appliances Dryer Washer

Zoning LBR1N

HOA 0.0

Garage Spaces 0.0

Pool Features None

Year Built 1946

View ParkGreenbelt Neighborhood

Stories 1

Levels One

Property SubType Apartment

Gross Income 93120.0

Community Features Biking StreetLights Suburban Park

County Los Angeles

Net Operating Income 51137.0

Operating Expense 41589.0

Insurance Expense 5007.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency Information provided is usually deemed reliable but it is NOT guaranteed accurate by the seller or listing agent. Sellers and seller representatives do not guarantee the accuracy of the square footag

Subdivision Name Westside/North of Willow (WNW)

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions W Columbia Street

City Long Beach

Entry Location Street

View Y/N Y

Senior Community Y/N N

Total Units 6

MLS Area 11 - Westside

Lot Size Square Feet 9278.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 6

Street Name Columbia

Listing Terms Cash CashtoNewLoan Conventional

Spa Features None

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 2160.0

Water Sewer Expense 2160.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 32

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 36

Total Actual Rent 6860.0

Property Sub Type Additional Apartment

Exterior

Lot Features BackYard CulDeSac FrontYard Garden Lawn NearPark Yard

Water Source Public

Total Parking 9.0

Lot Size Area 9278.0

Number of Buildings 4

Spa N

Building Area Total 3338.0

Lot Size Acres 0.213

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 1

Common Walls Item2CommonWalls NoOneAbove NoOneBelow

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Street

Laundry Features CommonArea WasherHookup

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 2123

* Excluded Features

List By

Buckingham Investments, Inc

Broker

(310) 982-7055

Phone

Affordability Calculator

$10,373

Per Month

Monthly Principal & Interest: $10,373
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,090,646

Percent of Sale Price 41%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/6/2024	$1,485,000	-4.50%	Price Down
4/4/2024	$1,555,000		Listed Price

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2123 W Columbia Street, Long Beach, CA, 90810 is a Multi-Family Home for sale at $1,485,000 with 3,338 sqft and a lot size of 0.213. 2123 W Columbia Street has 8 bedrooms, 6.2 baths, and was built in 1946. The property's zip code is 90810 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/13/2024. 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.

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2123 W Columbia Street

Multi-Family Home for sale in Long Beach, CA

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