Sq.Ft. Lot7,408
Year1938
The Oriana Shea Group
(562) 270-1775
Status:
Active
Property Type:Quadruplex
MLS #:PV22163405
On Site:503 Days
Lot Size:7,408 Sq. Ft.
County:Los Angeles
Listing Agent/Office
Agent:Clay Ramsdell
Office:RE/MAX Estate Properties
Broker Phone:310-729-2393
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. All 2BR/1BA units with private garages, nice backyard areas, safe family centric neighborhood, and very easy to lease.
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Community Information
Address:524 W Hill St, Long Beach, CA 90806
Area:5 - Wrigley Area
County:Los Angeles
City:Long Beach
Subdivision:Wrigley Area (Wr)
Zip Code:90806
Architecture
Year Built:1938
Stories:1
Building Area: 2904.0
Number of Buildings: 4
Total Units: 4
Unit 1: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $1,275 actual rent • $1,275 total rent • $1,595 pro forma
Unit 2: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $1,215 actual rent • $1,215 total rent • $1,595 pro forma
Unit 3: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $1,215 actual rent • $1,215 total rent • $1,595 pro forma
Unit 4: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $1,595 actual rent • $1,595 total rent • $1,595 pro forma
Garage Spaces: 4.0
Features / Amenities
Common Walls: No Common Walls
Parking Features: Garage
Open Parking Spaces: 4.0
Parking Total: 8.0
Property Features
Lot Size:
0.17 Acres / 7,408 Sq. Ft.
Lot Features: Item01UnitAcre
Sewer: Public Sewer
Water: Public
Zoning:LBR1N
Directions:Magnolia left on W Hill St
Tax and Financial Info
Gross Income: $64,800
Gross Scheduled Income: $63,600
Net Operating Income: $62,600
Insurance Expense: $1,000
Trash Expense: $450
Terms: Item1031Exchange
Tenant Pays: Electricity, Gas
Total Actual Rent: $55,860
Land Lease: No
Buyer Agency Compensation: 2.500%
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524 W Hill St Long Beach, CA 90806
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Based on information from California Regional Multiple Listing Service, Inc. as of December 9, 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.
