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$ 765,000
Est. payment /mo
Active Under Contract
2740 Easy Avenue Long Beach, CA 90810
3 Beds
4,971 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Westside/North Of Willow (Wnw)
MLS Listing ID OC25214482
Bedrooms 3
Lot Size 4,971 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Great income opportunity in a well-situated Long Beach duplex. Front unit (2740 Easy Ave) is 946 sf with 2 bed / 1 bath; rear unit (2740A) is 480 sf with 1 bed / 1 bath. Both units were updated with remodeled kitchens and bathrooms, hardwood floors, and clean, functional layouts. The front unit faces the street; the rear unit, garage and driveway lie inside a gated portion of the lot. Detached two-car garage with laundry and a shared yard add practicality. Seller has fully approved plans to convert the garage into a third unitan immediate value-add. Projected gross income at market is ~$4,233/mo (~$50,800/yr), with a 10% vacancy allowance. Based on estimated expenses, pro forma NOI comes in around $32,000. At a $765,000 purchase price, the property delivers approximately a 15.1 GRM, with upside through rental growth or the planned third unit. Turnkey condition, stable rental income, and development potential make this a strong play for investors seeking dependable cash flow in Long Beach.
Location
State CA
County Los Angeles
Zoning Assessor
Direction West of 710 Fwy, South of Willow
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Tax ID 7313025009
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by Katrina Smith Pinpoint Properties
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