440 N Zona Court

Long Beach , CA 90802

MLS#: SB25234349

$975,000

Status: Active
Listing number: SB25234349
Listing provided by: Buckingham Investments, Inc
Listing agent phone: None
Last update: 2 days ago
New on site 4 days ago
Browse Properties
Alamitos Beach (AB) - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1940

Sq.Footage

N/A

Perfect starter 4 unit property on a quiet street only blocks from the Beach and Downtown. Front one bed, one bath bungalow plus three studios in the rear. Front house full of historic character with hardwood floors, craftsman built-ins, large windows, renovated bathroom, kitchen, dining room, service porch and interior paint. Three well laid out studios in the rear with separate entrances, full sized bathrooms and kitchens. Well priced on actual income at 12.8X GRM plus a 9% upside to 11.8X GRM and over a 5% cap rate. Upgrades from 2020 on include newer electrical panels, new roof on front house, refreshed roof on back structure, full exterior paint, remodeled front house and one studio. Separately metered for gas and electric. Excellent location in Alamitos Beach just outside of Downtown Long Beach's East Village Arts District. Located on a small, quiet side street full of historic properties (not an alley like many "court" streets). Only 4 blocks to the beach, less than a block into the Downtown, and a few blocks to Retro Row. Walk Score 94/100

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    Yes

  • Pool Features

    None

  • View

    None

Area & Lot

  • Lot Features

    Rectangular Lot

  • Lot Size(acres)

    0.0584

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $975,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Raised

  • Senior Community YN

    NO

  • Sewer

    Private Sewer

  • Tax Lot

    6

  • Water Source

    Public

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Location

County

Los Angeles

Elementary School

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Listing Courtesy of Anthony Walker , Buckingham Investments, Inc

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Perfect starter 4 unit property on a quiet street only blocks from the Beach and Downtown. Front one bed, one bath bungalow plus three studios in the rear. Front house full of historic character with hardwood floors, craftsman built-ins, large windows, renovated bathroom, kitchen, dining room, service porch and interior paint. Three well laid out studios in the rear with separate entrances, full sized bathrooms and kitchens. Well priced on actual income at 12.8X GRM plus a 9% upside to 11.8X GRM and over a 5% cap rate. Upgrades from 2020 on include newer electrical panels, new roof on front house, refreshed roof on back structure, full exterior paint, remodeled front house and one studio. Separately metered for gas and electric. Excellent location in Alamitos Beach just outside of Downtown Long Beach's East Village Arts District. Located on a small, quiet side street full of historic properties (not an alley like many "court" streets). Only 4 blocks to the beach, less than a block into the Downtown, and a few blocks to Retro Row. Walk Score 94/100

440 N Zona Court

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