1090 E Hill Street,  Long Beach CA, 90806 (Residential Income)

1,683 sqft
Status: Sold
MLS#: PW15131469
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Last Updated: 12/3/2016 8:25 PM
Description for 1090 E Hill Street Long Beach, CA 90806
Exciting investment opportunity. This is the lowest priced 4-plex in the neighborhood and nearly $100,000 has been spent recently to make it shine! Two units are one bedrooms and two of them are studios, with separate electric and gas meters. Most of the units have newer bathrooms, newer kitchens, and each unit has its own newer water heater including one tankless. A new roof was put on the building in August 2010. It is easy to rent and the tenants love it, because it feels like a home with their own porches and gardens. This is a corner property adjacent to the border of Signal Hill. Across the street are industrial businesses, which creates a low density feel and there are many single family homes on the street. All of the tenants have been there since 2012 or before. The laundry room makes about $100 a month and features two front loading Maytag washers and a stacked Whirlpool dryer. One unit faces Hill Street and two units face Lemon. There is a premium studio with a granite kitchen and distressed wood floors above the garage with its own private entrance and no shared walls. DO NOT DISTURB OCCUPANTS, DRIVE BY ONLY The rents are currently below market.
Price
Sold Price:
$521,000
Sold Date:08/18/2015
Los Angeles
1,683 (approx)
PW15131469
Closed
Description
Exciting investment opportunity. This is the lowest priced 4-plex in the neighborhood and nearly $100,000 has been spent recently to make it shine! Two units are one bedrooms and two of them are studios, with separate electric and gas meters. Most of the units have newer bathrooms, newer kitchens, and each unit has its own newer water heater including one tankless. A new roof was put on the building in August 2010. It is easy to rent and the tenants love it, because it feels like a home with their own porches and gardens. This is a corner property adjacent to the border of Signal Hill. Across the street are industrial businesses, which creates a low density feel and there are many single family homes on the street. All of the tenants have been there since 2012 or before. The laundry room makes about $100 a month and features two front loading Maytag washers and a stacked Whirlpool dryer. One unit faces Hill Street and two units face Lemon. There is a premium studio with a granite kitchen and distressed wood floors above the garage with its own private entrance and no shared walls. DO NOT DISTURB OCCUPANTS, DRIVE BY ONLY The rents are currently below market.
Listing Information
Property Type: Cluster, 2 Story
0.08 Acres 3,622 sq.ft. 1,683 (approx)
1925 Yes- 1 space
2
Public Water Service
Sewer at Street
4 Total
Neighborhood
Room Information
Laundry Area, Common
Interior Features
Wall Unit
Exterior / Lot Features
1 Garage Spaces, 2 Parking Spaces
Composition, Spanish Clay Tile
None
No Pool
Hill
Sidewalks, Street Lights
Financial Considerations
7210024035
$40,620 Income ,$8,444Expense
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90806 has a population of 463,589.

The median household income in Long Beach, California 90806 is $52,900. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Long Beach 90806 is 33.2 years.

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Courtesy: Time Realty Matt Simmons
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