1610 E Carson St, Long Beach, CA 90807

1610 E Carson St, Long Beach, CA 90807

Los Angeles, CA
$1,425,000

Property Description

INVESTMENT HIGHLIGHTS

  • Remodeled triplex in the heart of Bixby Knolls!
  • Unit mix featuring (1) 2Bed/2Bath w/ den owners unit and (2) 1Bed/1Bath w/ patio
  • Perfect owner/user opportunity with 2Bed/2Bath w/ den being vacant
  • Beneficial to new owner, (1) 2Bed/2Bath w/ den and (1) 1Bed/1Bath w/ patio units have been meticulously renovated

EXECUTIVE SUMMARY

Owner’s Unit delivered vacant! Stunning, renovated triplex located in the heart of Bixby Knolls! With an A+ location and ideal curb appeal, 1610 E Carson St is a perfect opportunity for an owner/user looking to live in one of the units and let the other tenants pay their mortgage.
With 3,330 SF of living space, 1610 E Carson St is comprised of a (1) 2Bed+2Bath w/ den owners unit and (2) 1Bed+1Bath w/ patio units. The 2Bed+2Bath w/ den and (1) 1Bed+1Bath w/ patio units have been fully remodeled, leaving nothing untouched including hard wood flooring, countertops, cabinets, paint, fixtures and dishwashers. The renovated units also have in-unit Washer/Dryers. The 2Bed/2Bath w/ den owner’s unit is two stories with both bedrooms upstairs, and an office/dining area downstairs. The unit features a large private patio. Each unit also has a 1 car garage with automatic garage door opener. There is also a large storage room with sink that is accessible from the alley.
Located just steps away from beautiful Somerset Park! With a walk score of 76, this triplex is situated in a “very walkable” area of Long Beach. Beneficial to the new owner, Long Beach Unified School District offers some of the top public schools in California, including California Academy of Mathematics & Science- the #4 overall public high school in California.

Property Features

  • Sale Price: $1,425,000
  • Area Size: 3,330 SF
  • Land Area: 6,736 SF
  • Year Built: 1964
  • Listing Date: 7/13/2022
  • Units: 3
  • Current GRM: 18.49
  • Current Cap Rate: 3.63%
  • Price Per Unit: $475,000
  • Market GRM: 14.48
  • Market Cap Rate: 5.08%

Lyon Stahl Investment Real Estate

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