Sq.Ft. Lot4,557
Year1920
The Oriana Shea Group
(562) 270-1775
Status:
Active
Property Type:Duplex
MLS #:PW23211570
On Site:20 Days
Lot Size:4,557 Sq. Ft.
County:Los Angeles
Listing Agent/Office
Agent:Robert Stepp
Office:Keller Williams - Santa Monica
Broker Phone:310-463-2916
491-491 E 51st St is a chance to acquire a landscaped 4bd/2ba house with a quaint 1bd/1ba unit in the back that features laminate flooring, a fireplace, and exposed wood-beam ceilings. Separately listed is the 1bd/1ba single family residence at 495 E 51st St, which can be purchased together for a potential buyer to aquire properties on adjacent lots. There is also the unique option of acquiring four 1bd/1ba units at 494-496 E Sunset St, which backs up to the property and could provide ample parking for all units. This asset is a short distance from the grocery stores and restaurants lining Atlantic Blvd. and a quick drive to the 710 and 91-Freeway junction, providing fantastic convenience and accessibility to its tenants.
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Community Information
Address:491 491.5 E 51st 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:1920
Stories:1
Building Area: 2288.0
Number of Buildings: 2
Total Units: 2
Stories Total: 1
Unit 1: 1 Unit • 4 Beds • 2 Baths • Unfurnished • $2,300 actual rent • $2,300 total rent • $3,000 pro forma
Unit 2: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,350 actual rent • $1,350 total rent • $1,700 pro forma
Unit 3: 1 Unit • 4 Beds • 2 Baths • Unfurnished • $2,300 actual rent • $2,300 total rent • $3,000 pro forma
Unit 4: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,350 actual rent • $1,350 total rent • $1,700 pro forma
Features / Amenities
Laundry: Washer Hookup, Gas Dryer Hookup
Entry Level: 1
Entry Location: 1
Common Walls: No Common Walls
Property Features
Lot Size:
0.1 Acres / 4,557 Sq. Ft.
Lot Features: Item25UnitsAcre
Sewer: Public Sewer
Water: Public
Zoning:LBR1N
Directions:E Del Amo Blvd
Tax and Financial Info
Gross Income: $42,486
Gross Scheduled Income: $43,800
Net Operating Income: $22,568
Electric Expense: $375
Fuel Expense: $375
Gardener Expense: $1,200
Insurance Expense: $1,830
Maintenance Expense: $1,300
New Taxes Expense: $10,513
Pest Control Expense: $500
Trash Expense: $375
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491 491.5 E 51st St Long Beach, CA 90805
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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.
