1752 E Carson St, Long Beach, CA 90807

1752 E Carson St, Long Beach, CA 90807

Long Beach, CA

Property Description

We are pleased to present 1752 E Carson Street in Long Beach. Located in Bixby Knolls, this quadruplex consists of a two-bedroom/one-bathroom front house and (3) two-bedroom/two-bathroom units that are situated on a 6,125 square foot lot. The property includes 4 single car entry garages with tandem parking for two vehicles per unit (8 spaces total) and extra storage space for the tenant’s belongings. Additional monthly income is generated by the shared, on-site laundry room with coin operated washer and dryer. The front unit gives an investor the opportunity to immediately update the unit and obtain market rent. The property is also a great option for an owner-user with its proximity to the Long Beach Airport, one of the nation’s top ten airports, and the Long Beach Exchange which offers high-end shopping and dining. Given the highly sought-after location and upward potential in the current rents, this is a rare investment opportunity.

Property Features

  • Sale Price: $1,195,000
  • Area Size: 3826 SF
  • Land Area: 6,125 SF
  • Year Built: 1940
  • Listing Date: 4/07/2020
  • Closing Date: 07/10/2020
  • Units: 4
  • Current GRM: 16.69
  • Current Cap Rate: 3.84%
  • Market GRM: 12.17
  • Market Cap Rate: 6.00%

Lyon Stahl Investment Real Estate

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