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Active
524 W Hill Street Long Beach, CA 90806
$1,600,000

Property listed by RE/MAX Estate Properties, Clay Ramsdell. IDX Contact: 310-378-9494

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

Fantastic 4U property. Upside in rents is very conservative but significant. Great Wrigley area surrounded by extremely well maintained SFR’s on a great street. Please only drive by and call agent if your client requests a showing. All 2BR/1BA units with private garages, nice backyard areas, safe family centric neighborhood, and very easy to lease.

Property Details & Features

Property Type

  • Quadruplex

Year Built

  • 1938

House

  • Built in 1938
  • Stories: 1
  • 2904 total building sqft
  • No Common Walls
  • One

Community

  • Curbs

Expenses

  • Insurance Expense: $1,000

Garage

  • 4 garage spaces

Income

  • Gross Income: 64800
  • Gross Scheduled Income: 63600
  • Net Operating Income: 62600

Listing

  • Listing ID: PV22005537
  • Property Subtype: Quadruplex
  • 15 days on market
  • Listed on 2022-01-11
  • Rent controlled

Location

  • County: Los Angeles
  • Subdivision: Wrigley Area (WR)

Lot

  • 7408 sqft
  • 0.1701 acres
  • Area: 7408
  • 0-1 Unit/Acre

Parking

  • 4 open parking spaces
  • 8 total parking spaces
  • Garage

Property

  • 4 buildings
  • 4 units

Sewer

  • Public Sewer

Tenant Pays

  • Electricity
  • Gas

Utilities

  • 4 separate electric meters
  • 4 separate gas meters
  • 4 separate water meters

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