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Active
4525 Pasadena Avenue Long Beach, CA 90807
$1,550,000

Property listed by Your Realty Inc., Joshua Glaz. IDX Contact: 562-413-9399

Contact Us to Learn More

  • David Oronoz

    David Oronoz

    Principal | Multifamily Investments

    DRE# 01838862

  • Bobby Aschtiani

    Bobby Aschtiani

    Principal | Multifamily Investments

    DRE# 02048373

  • Chris Pettit

    Chris Pettit

    Founder

    DRE# 01983950

Property Description

Welcome to your new home and best investment opportunity, all in one flex property! This property consists of two full sized homes with an addition that was built for a third unit in mind. 70% of this property is brand new 2022 construction, built with the newest building code, fully permitted, engineered, and certified energy efficient. The opportunities are endless. Live in one full sized home and take the addition as your full-size office, rent the second full sized home. Or Live in one full sized home, rent the other full-size home, and have a second rental in your backyard as Junior ADU. Designed by a renowned house hack and luxury designer, this home will help you keep your living cost low while building tons of equity. No matter where you are in your stage of your life; you won’t ever have to burden the full heavy weight of all the mortgage with so many options in your hands. You could be an investor who wants a turnkey duplex or triplex. Maybe you’re a savvy young professional who wants to build equity and live communally. Or, you have a big extended family who’s been looking for a haven for everyone to stay together; the opportunities are endless here. Designed with the ACE hotel as inspiration, each material chosen and installation here are luxurious. From the herringbone ceramic floor, custom graphic tiled bathrooms, steel barn doors, custom welded + powder coated closet fixtures/gating, high end LED luminaries, imported wood facade from the island of Borneo. We went out of our way to use materials that you would only see in 5-star hotels and luxury homes. But since we know beauty is nothing without function, we’d like to showcase the smart functions we installed as well. Dual pane/argon gas windows Low-E, tempered glass partitions, PAID solar panels for the second full sized home, gutters which lead to LID water conserving planters, permeable pavers for LID engineering as well. R-30 ceiling insulation, R-15 + R-18 wall insulation, fulfilling title 24 energy act we were prescribed. Did we mention that the gas and electric panels are separated for easy accounting? A property like this is once in a lifetime. The measure, planning, and action taken to build such a smart investment is intensive. Make sure you check out our house hack cost breakdown to really comprehend how much of a value this property is. You won’t find another one like it, so come see it today!

Property Details & Features

Property Type

  • Residential Income

Year Built

  • 1945

Listing

  • First day on market
  • Listing ID: DW22101428
  • Listed on 2022-05-13

House

  • 1 total stories
  • Built in 1945
  • Stories: 1
  • 1940 total building sqft
  • No Common Walls
  • One

Community

  • Curbs
  • Gutter(s)
  • Sidewalks

Income

  • Gross Income: 0
  • Gross Scheduled Income: 96000
  • Net Operating Income: 96000

Laundry

  • In Kitchen

Location

  • County: Los Angeles
  • Subdivision: Bixby Knolls (BK)

Lot

  • 5203 sqft
  • 0.1194 acres
  • Area: 5203
  • 0-1 Unit/Acre
  • Back Yard
  • Front Yard
  • Landscaped
  • Yard

Property

  • 2 buildings
  • 3 units

Sewer

  • Public Sewer

Tenant Pays

  • Electricity
  • Gas

Utilities

  • 2 separate electric meters
  • 2 separate gas meters

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