$1,495,000
For Sale

4018 E Vermont Street

Long Beach, CA 90814
3096 sqft | 6 beds | 6 baths | #PW22135714
Courtesy of Coldwell Banker Realty
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Description

Great mix, large units, low overhead (owner only pays water, sewer, minor gardening -all drought resistant) excellent parking and common area. With one vacancy currently, and no rent increases for over a year, this will be operate at market rents asap w GRM 14.48x, $8600 per month Current GRM 17.4x. The perfect opportunity in Prime Belmont Heights for owner occupant or Investor. Currently 2/1.5 Cottage and 2 attached units w 1/1 and 3/3 (includes garage) or easily covert to 2 2/2s, or a 4 bd home.. A premium location across from the elementary school offering a steady renter pool.This is turnkey well maintained asset with separate utilities and water heaters, private laundries in each unit, a 1.5 car garage, 4-6 car parking, common courtyard for bbq, gazebo, and a variety of improvements to roof, foundations, windows, kitchens and bathrooms, electric lights breakers, copper plumbing, etc. LIVE in one unit or detached rear home w private yard, forced air heat and parking, while rent from the duplex pays the expenses and mortgage. Proforma is based on market rents.
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  • Interior Details
    • Beds & Baths
      • Bedrooms:6
      • Bathrooms:6
      • Full Baths:6
    • Interior Features
      • Interior:BedroomonMainLevel
  • Property Details
    • Property
      • View:None
      • Lot description:Yard
    • Measurements
      • Acres:0.1549
      • Square Feet:3096
    • Parking
      • Garage spaces:1
  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:1922
  • Utilities / Energy Details
    • Utility
      • Sewer information:PublicSewer
      • Utility source:Public
  • Community and Neighborhood Details
    • Location
      • School district:Long Beach Unified
      • County:Los Angeles
    • Community
      • Subdivision:Belmont Heights (BH)
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 495, 000
      • Selling Office Commission:2.500
  • Other
    • Source
      • MLS #:PW22135714

Location

JB Real Estate & Investment Inc.Real Estate Group
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