1120 1124 E Hellman Street Long Beach, CA ^$ 1,390,000

1120 1124 E Hellman Street

^$ 1,390,000

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1120 1124 E Hellman Street

Long Beach, CA, 90813

^$ 1,390,000

Bedrooms10 Baths5.0 Sq 3,000

Monthly Estimate*

^$ 9,238

Listed by Good Opportunity Company Inc.

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Multi-Family Home for sale in Long Beach, CA

for $1,390,000 with 10 bedrooms and 5 full baths. This 3,000 square foot home was built in 1923 on a lot size of 0.16.

California Dreamin' Own a Piece of the Future in Long Beach! This captivating detached fourplex offers a unique opportunity for investors and owner-occupants alike. Nestled in the heart of vibrant Downtown, Long Beach, this California Bungalow property boasts an approx. 3,000 square feet, a fantastic walkable location near the Beach and 3 individual Garages+ The crown jewel is the stunning main house, newly built in 2017. This 4-bedroom, 2-bathroom residence offers modern living with a touch of classic California charm. Perfect for an owner-occupant, it provides a comfortable and stylish home base. But that's not all! Three additional units, each with 2 bedrooms and 1 bathroom, create a steady rental income stream. With one unit currently vacant, this property presents an ideal scenario for first-time homebuyers seeking an FHA financing option or a savvy investor looking to expand their portfolio. The cherry on top? This exceptional property resides in an Opportunity Zone, offering potential tax benefits. Don't miss this chance to own a piece of the future in a thriving community! Contact us today to schedule a showing.

Multi-Family Pending

Price

^$ 1,390,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Quadruplex

Lot Size

0.16

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

DW24096231

Days on Market

Features

General

Sewer PublicSewer

Zoning LBR2N

Garage Spaces 3.0

Pool Features None

Year Built 1923

Tenant Pays AllUtilities

Stories 2

Levels Two

Property SubType Quadruplex

Gross Income 137956.0

Community Features Biking Curbs DogPark Fishing Urban

County Los Angeles

Net Operating Income 68429.0

Operating Expense 69528.0

Insurance Expense 1173.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Downtown (DT)

Garage Y/N Y

Special Listing Conditions Standard

Status Pending

Directions S Anaheim N 7th ST

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

Open Parking Spaces 2.0

NumberOfUnitsTotal 4

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units SquareFeet

Lot Size Square Feet 6969.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 3

Street Name Hellman

Listing Terms Conventional Item1031Exchange FHA FannieMae PrivateFinancingAvailable VALoan

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 616.0

Water Sewer Expense 4560.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 17

Building Area Units SquareFeet

Standard Status Pending

Year Built Source Assessor

Tax Lot 6

Total Actual Rent 8996.43

Property Sub Type Additional Quadruplex

Exterior

Parking Features Assigned Garage

Lot Features Item25UnitsAcre NearPublicTransit

Water Source Public

Total Parking 5.0

Lot Size Area 6969.0

Number of Buildings 3

Spa N

Building Area Total 3000.0

Lot Size Acres 0.16

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features ElectricDryerHookup GasDryerHookup

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1120

* Excluded Features

List By

Good Opportunity Company Inc.

Broker

(562) 602-8550

Phone

Affordability Calculator

$9,238

Per Month

Monthly Principal & Interest: $9,238
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,063,034

Percent of Sale Price 48%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/13/2024	$1,390,000		Listed Price

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1120 1124 E Hellman Street, Long Beach, CA, 90813 is a Multi-Family Home for sale at $1,390,000 with 3,000 sqft and a lot size of 0.16. 1120 1124 E Hellman Street has 10 bedrooms, 5.0 baths, and was built in 1923. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/2/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1120 1124 E Hellman Street

Multi-Family Home for sale in Long Beach, CA

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