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68 70 W Arbor St, Long Beach, CA 90805

$700,000

Description

Great duplex opportunity within walking distance to Virginia Country Club at 68-70 West Arbor St., Long Beach, CA.

West Arbor St. comes with (2) 2-bed/1-bath units that are currently receiving strong rental income. The rear unit has been completely remodeled and in beautiful shape, perfectly suited for top of the market rent. Upgrades include new hardwood flooring, new kitchens and bathrooms, and a fresh layer of paint throughout. The property is equipped with a large, two-car garage, which is a great source for providing the new owner additional income. The massive, 7,000 Sq.Ft. lot comes with a nicely landscaped backyard, great for all family activities. Aside from being located adjacent to Bixby Knolls, 68-70 West Arbor St. has great freeway and transit access.

This is an ideal owner/user opportunity available in the up and coming North Long Beach.

Investment Highlights: 

• Great location, right next to Virginia Country Club
• (2) 2-bed/1-bath units receiving strong rental income
• The rear unit has been completely remodeled, beautiful condition
• Property equipped with a large, two-car garage, great for additional owner income
• Easy freeway and transit access
• Ideal owner/user opportunity available in the up and coming North Long Beach

Property Downloads

Address

  • City: Long Beach
  • State/county: CA
  • Country: United States

Detail

Updated on September 4, 2019 at 3:46 pm

  • Price: $700,000
  • Property Size: 1,572 Sq Ft
  • Land Area: 7,012 Sq Ft
  • Garage Size: 2
  • Year Built: 1947
  • Property Type: Duplex, Multifamily
  • Property Status: Active
  • Numbers of Units: 2
  • GRM: 17.03
  • CAP RATE: 3.56%
  • Market GRM: 14.26
  • Market CAP RATE: 4.64%

Contact info

Cameron Samimi
Cameron Samimi
(310) 880-3855 (310) 259-7556
Linkedin
Parker Boehle
Parker Boehle
(424) 325-7233(310) 988-8361

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