Sq.Ft. Lot6,210
Year1950
The Oriana Shea Group
(562) 270-1775
Status:
Active
Property Type:Triplex
MLS #:OC23019788
On Site:47 Days
Lot Size:6,210 Sq. Ft.
County:Los Angeles
Listing Agent/Office
Agent:Darren Smith
Office:Landsmith Residential Re Serv
Broker Phone:949-466-1655
INVESTORS! Diamond in the rough in North Long Beach!
221 First Unit: 982 SF, 2 Bedrooms, 1 Bath.
221-A Second Unit: 726 SF 1 Bedroom 1 Bath, + Study, this is a new ADU, the City approved the plans, and a construction permit was obtained from the City. All fees are paid to the City of Long Beach to build this ADU. It needs to be completed, must see to evaluate.
223 Third Unit: 926 SF 3 bedroom, 1 bath, Two separate electric meters for 221 and 223 units. Tenants pay the electric bills. The owner is responsible for paying water, trash, sewer, and gas bills.
Both Gas and Electric Heat
ADU is Ready to Build out or Can be used to expand 221 or as a garage as well.
As-Is- Fixer- MUST SEE!
Great Location Hurry!!
221 First Unit: 982 SF, 2 Bedrooms, 1 Bath.
221-A Second Unit: 726 SF 1 Bedroom 1 Bath, + Study, this is a new ADU, the City approved the plans, and a construction permit was obtained from the City. All fees are paid to the City of Long Beach to build this ADU. It needs to be completed, must see to evaluate.
223 Third Unit: 926 SF 3 bedroom, 1 bath, Two separate electric meters for 221 and 223 units. Tenants pay the electric bills. The owner is responsible for paying water, trash, sewer, and gas bills.
Both Gas and Electric Heat
ADU is Ready to Build out or Can be used to expand 221 or as a garage as well.
As-Is- Fixer- MUST SEE!
Great Location Hurry!!
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Detailed Maps
Community Information
Address:221 E Home St, Long Beach, CA 90805
Area:7 - North Long Beach
County:Los Angeles
City:Long Beach
Subdivision:North Long Beach (Nlb)
Zip Code:90805
Architecture
Year Built:1950
Stories:1
Building Area: 2634.0
Number of Buildings: 1
Total Units: 3
Unit 1: 1 Unit • 1 Bed • Unfurnished • $2,195 actual rent • $4,650 total rent • $6,000 pro forma
Unit 2: 2 Units • 1 Bed • Unfurnished • $1,800 actual rent
Unit 3: 3 Units • 3 Beds • Unfurnished • $2,500 actual rent
Parking Features: Driveway, On Street
Open Parking Spaces: 1.0
Parking Total: 1.0
Features / Amenities
Laundry: Common Area, Laundry Room
Common Walls: 1 Common Wall
Property Features
Lot Size:
0.14 Acres / 6,210 Sq. Ft.
Lot Features: Front Yard, Lawn
Sewer: Public Sewer
Water: Public
Zoning:LBR1N
Directions:From the corner of Long Beach Blvd and Del Amo go 1 block North on LBB to Home St Right to 221
Tax and Financial Info
Gross Income: $56,340
Gross Scheduled Income: $72,000
Net Operating Income: $57,600
Electric Expense: $3,500
Fuel Expense: $2,500
Insurance Expense: $2,000
Trash Expense: $1,200
Water/Sewer Expense: $1,500
Operating Expense: $14,400
Terms: Cash, CashtoNewLoan
Tenant Pays: CableTV
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221 E Home St Long Beach, CA 90805
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Based on information from California Regional Multiple Listing Service, Inc. as of March 21, 2023. 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. IDX provided by Sierra Interactive.
