Property listed by TR Wealth Management Inc., William Mulkey [email protected]
$925,000
PRICE REDUCED SIGNIFICANTLY TO SELL. *6.5 CAP RATE AND MAREKT CAP RATE OF 7.4 CAP RATE!
For the owner-user, this is a rare live-and-earn opportunity. Occupy one of the units and let the other two work for you — tenant rents offset a substantial portion of your monthly carrying costs, making… Read More homeownership in Long Beach dramatically more attainable while you build equity in a cash-flowing asset. FHA and low-down owner-occupant financing options may apply.
This exceptional triplex features a detached (3) bedroom 1 bath home, and a duplex with (2) 1 bedroom 1 bath units located in the rear. This unit mix delivers strong in-place income of $6,865/month with clear upside through market rent increases. Interiors have been updated with fresh finishes and systems and recent capital improvements remodels, roof work, and exterior paint — substantially reducing near-term maintenance obligations for a new owner.
For the investor, this property generates immediate cash flow from day one. With a 30% down conventional loan, you step into positive cash flow at current rents with strong long-term appreciation potential and multiple built-in avenues to grow income over time. In addition, ADU permits can bee pursued to convert existing garages into more units (buyer to verify) offering another value-add play.
Located in a desirable Long Beach rental corridor, 2310 Elm Avenue offers an exceptional combination of immediate income, long-term appreciation, and multiple paths to grow value. Whether you are an investor seeking a turn-key cash-flowing asset or an owner-user ready to reduce your cost of living, this is the opportunity you have been waiting for. Read Less
Listing Snapshot
Days Online
161
Last Updated
Property Type
Triplex
Square Ft.
1,581
Lot Size
0.12 Acres
Year Built
1921
MLS Number
SB26120106
Additional Details
Building
Built in 1921, 1 building, 1 storey, Entry level: 1, Entry location: n/a
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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