Sq.Ft. Lot6,886
Year1954
The Oriana Shea Group
(562) 270-1775
Status:
Active
Property Type:Quadruplex
MLS #:PW23211575
On Site:20 Days
Lot Size:6,886 Sq. Ft.
County:Los Angeles
Listing Agent/Office
Agent:Robert Stepp
Office:Keller Williams - Santa Monica
Broker Phone:310-463-2916
494-496 E Sunset St is an excellent investment opportunity tucked away in a quiet neighborhood corner of North Long Beach. This is a unique opportunity to own two identical duplexes on adjacent lots. The property consists of four 1bd/1ba units with ample parking and a 2-car garage in the back that provides ADU potential*, and the asset offers rental upside of +/- 12%. Just a short drive from the numerous grocery stores and vast selection of restaurants lining Atlantic Blvd., and a straight shot to the 710 and 91-Freeway junction, 494-496 E Sunset offers a fantastic level of convenience to its tenants. This property is listed separately but offers a unique opportunity to acquire 6 total units with the addition of the duplex at 491-491 E 51st St that backs up to the property.
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Community Information
Address:494 496 E Sunset 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:1954
Stories:1
Building Area: 1848.0
Number of Buildings: 2
Total Units: 4
Stories Total: 1
Unit 1: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,450 actual rent • $1,450 total rent • $1,700 pro forma
Unit 2: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,550 actual rent • $1,550 total rent • $1,700 pro forma
Unit 3: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,500 actual rent • $1,500 total rent • $1,700 pro forma
Unit 4: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,550 actual rent • $1,550 total rent • $1,700 pro forma
Unit 5: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,450 actual rent • $1,450 total rent • $1,700 pro forma
Unit 6: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,550 actual rent • $1,550 total rent • $1,700 pro forma
Unit 7: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,500 actual rent • $1,500 total rent • $1,700 pro forma
Unit 8: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,550 actual rent • $1,550 total rent • $1,700 pro forma
Garage Spaces: 2.0
Features / Amenities
Entry Level: 1
Entry Location: 1
Common Walls: 1 Common Wall
Parking Total: 2.0
Property Features
Lot Size:
0.16 Acres / 6,886 Sq. Ft.
Lot Features: Item25UnitsAcre
Sewer: Public Sewer
Water: Public
Zoning:LBR1N
Directions:E Del Amo Blvd
Tax and Financial Info
Gross Income: $70,422
Gross Scheduled Income: $72,600
Net Operating Income: $44,512
Electric Expense: $750
Fuel Expense: $750
Gardener Expense: $1,200
Insurance Expense: $1,478
Maintenance Expense: $2,600
New Taxes Expense: $10,810
Pest Control Expense: $900
Trash Expense: $750
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494 496 E Sunset 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.
