Long Beach, CA 90815,4005 E Vernon ST
Long Beach, CA 90815,4005 E Vernon ST
Long Beach, CA 90815,4005 E Vernon ST
Long Beach, CA 90815,4005 E Vernon ST
Long Beach, CA 90815,4005 E Vernon ST
Long Beach, CA 90815,4005 E Vernon ST
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$1,675,000

$1,725,000

2.9%
Est.Price: ?

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Est. payment /mo

7,897 Sqft Lot


SOLD DATE : 07/07/2023

Key Details

Sold Price $1,675,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Artcraft Manor (Am)

MLS Listing ID PW22229836

Sold Date 07/07/23

HOA Y/N No

Year Built 1944

Lot Size 7,897 Sqft

Property Description

Welcome to this incredible investment opportunity in the heart of Long Beach. Located in a quiet residential neighborhood, this 4-unit property has been extensively remodeled to provide a complete turnkey investment. The front building (1536 sf), originally built in 1944 and completely remodeled in 2021, consists of two 2-bedroom, 1-bath units and the back building (990 sf, remodeled/converted in 2022) consists of one 1-bedroom, 1-bath unit (converted rumpus room) and one studio (ADU-converted garage). Each unit features shaker cabinets with soft-close drawers, quartz countertops, waterproof LVP flooring, stainless-steel appliances, multi-zoned mini-splits for air/heat, stackable in-unit laundry, new windows, new roof on back building, new gutters, tankless water heaters (servicing back building), recessed lighting, ceiling fans, new plumbing, new electrical wiring and panels, private entrances, and dedicated off-street parking space. Additionally, the front duplex has had voluntary seismic retrofit work completed in March. Each unit has their own address and is separately metered for water, gas and electricity. The property has been landscaped with artificial turf and rock minimizing any landscaping maintenance and water usage. There are security cameras (no monthly fee) installed around the perimeter of the property as well. Tenants pay all utilities (water, gas, electric) as well as sewer and trash. Owner responsible for property taxes, insurance and pest control. The property has easy access to the 405 FWY and is close proximity to the Traffic Circle shops and restaurants, Costco, Target, Home Depot, Lowes, Starbucks, CSULB, LBX and The Hangar, and much more.

Location

State CA

County Los Angeles

Area 35 - Artcraft Manor

Interior

Interior Features All Bedrooms Down

Heating Ductless, Zoned

Cooling Ductless, Zoned

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator, Tankless Water Heater, Water Heater, Dryer, Washer

Laundry Inside, Stacked

Exterior

Parking Features Assigned, Off Street, Paved, One Space

Pool None

Community Features Curbs, Street Lights, Suburban, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7218003005

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Eugene Rogachevsky • Broadmoor Realty, Inc.
Bought with Miguel Belmonte • Century 21 Allstars

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