$760,000
$765,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
2740 Easy Avenue Long Beach, CA 90810
3 Beds
4,971 Sqft Lot
Key Details
Sold Price $760,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Westside/North Of Willow (Wnw)
MLS Listing ID OC25214482
Bedrooms 3
Lot Size 4,971 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Great income opportunity in a well-situated Long Beach duplex. Front unit (2740 Easy Ave) is 946 sf with 2 bed / 1 bath; rear unit (2740A) is 480 sf with 1 bed / 1 bath. Both units were updated with remodeled kitchens and bathrooms, hardwood floors, and clean, functional layouts. The front unit faces the street; the rear unit, garage and driveway lie inside a gated portion of the lot. Detached two-car garage with laundry and a shared yard add practicality. Seller has fully approved plans to convert the garage into a third unitan immediate value-add. Projected gross income at market is ~$4,233/mo (~$50,800/yr), with a 10% vacancy allowance. Based on estimated expenses, pro forma NOI comes in around $32,000. At a $765,000 purchase price, the property delivers approximately a 15.1 GRM, with upside through rental growth or the planned third unit. Turnkey condition, stable rental income, and development potential make this a strong play for investors seeking dependable cash flow in Long Beach.
Location
State CA
County Los Angeles
Zoning Assessor
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Bought with Peter McKernan PPF Realty






