Good Sunday morning All,
I hope you are enjoying your July so far!
It’s a great time to be enjoying the beach, spending time with family, and looking at income property opportunities, especially in the city of Long Beach, one of the rare cities in LA County with no rent control, and actually very strong rental income.
Vacancies in Long Beach are very low, and ask any landlord here – they have seen significant rent increases in recent years, and when they do have a vacancy, they get filled very quickly, with many good applicants calling.
So without further delay, allow me to introduce the most recent listing I have to share with you – a large 2-on-a-Lot property – Duplex – in Rose Park South – at 627-629 Molino Ave, Long Beach 90814. Scroll through photos below to reach detailed description!
As you can see from the photos, this is a huge property located just 1/2 a mile from the ocean – there is a front house which was built in 1911 – a refurbished Craftsman home – 3 bedroom, 2 bath, rented out to long term tenants for $2350 a month, and in the back, there is a 2-story 4 bedroom, 4 bath home, built in 2003, fetching $3095 per month from long term happy tenants. In terms of parking, there are a total of 6 parking spaces, 4 covered in 2 2-car garages, and 2 uncovered spaces. Access to the large back unit is via the side alley, which gives easy access. You can see from the photos that both front and back home have their own outdoor space – a gorgeous front porch for the Craftsman, and an upstairs large balcony for the back house.
The back house has modern amenities such as an updated kitchen with granite countertops, recessed lighting and newer cabinets, and recessed lighting and newer doors and windows throughout. And it has access to a concrete paved back yard which allows the residents room to put out patio furniture and barbecues to enjoy true indoor-outdoor living.
This Rose Park South Duplex is offered at $1,400,000.
Please call or email me for more details! NancyD@century21masters – 310-739-8272.