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0 Beds
n/a Full bath
1,121 SqFt
Active
Explore the potential of this mixed-use property located in the highly sought-after Belmont Heights, an ideal choice for an owner-user or investor. This unique lot features both commercial and residential spaces that are in turn-key/like new condition. The front unit, addressed as 4141, offers approximately 550 sq. ft. of office or retail space. Currently rented at $3,000 per month, which is below market value, it includes a main room, a full bath, a kitchenette, and two additional rooms. This unit can also be rezoned to residential with some city-mandated "egress" modifications. The rear unit, addressed as 4147, is a cozy single-family home with two bedrooms and one bathroom, spanning approximately 571 sq. ft. residential unit backs up to Greenbelt Park and is very quiet with no immediate neighbors. It has been successfully utilized as an Airbnb, generating gross rents of approximately $82,000 in 2023, which averages just under $7,000 per month. Both units combined generate an average rental income of $10,000 per month before expenses. Both units can be delivered vacant of tenants. The list price includes the real estate, all contents, furnishings, appliances, artwork, kitchen utensils, the business LLC (Pilgrim's Way under which the Airbnb operates), and the City’s STR (Short Term Rental) license, which is renewed annually. Each unit has separate meters for electric and gas, enhancing their independence. Located just a few blocks from Blair Field, Recreation Park, Alamitos Heights Park, and within easy reach of local markets, stores, shops, restaurants, and the beach, this property offers both convenience and significant income potential. Situated conveniently between the units are four parking spaces. The property is being sold "AS IS" and "WHERE IS," with buyers encouraged to conduct their own investigations. Property is also listed under Residential Income MLS #SB24093615
Property Details | ||
---|---|---|
Price | $1,100,000 | |
Property Type | Commercial | |
Sub type | MixedUse | |
MLS Sub type | Mixed Use | |
Stories | 1 | |
Features | Sewer Connected | |
Year Built | 1958 | |
Heating | Forced Air | |
Laundry Features | In Closet,In Kitchen,Inside | |
Parking Spaces | 4 | |
Geographic Data | ||
Directions | Ximeno to East 7th St. | |
County | Los Angeles | |
Latitude | 33.77563 | |
Longitude | -118.143847 | |
Market Area | 3 - Eastside, Circle Area | |
Address Information | ||
Address | 4141 E 7th Street, Long Beach, CA 90804 | |
Postal Code | 90804 | |
City | Long Beach | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Compass | |
Listing Agent | Leonard LaRocca | |
Buyer Agency Compensation | 2.000 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 2 | |
MLS Status | Active | |
Listing Date | May 8, 2024 | |
Listing Last Modified | May 10, 2024 | |
Tax ID | 7254021035 | |
Tax Year | 2024 | |
Tax Annual Amount | 8549 | |
MLS Area | 3 - Eastside, Circle Area | |
MLS # | SB24092079 |
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