$1,599,999
Welcome to this exceptional investment opportunity, a remodeled fourplex offering a diverse mix of unit sizes and strong rental income potential. Renovated in 2021, the property combines modern updates with impressive cash flow, making it an ideal choice for both seasoned investors and owner-occupants seeking to offset their mortgage with rental income.
The fourplex features a one-bedroom, one-bath unit with 559 square feet of comfortable living space, a spacious four-bedroom, two-bath unit with 1,080 square feet and its own garage, a three-bedroom, two-bath unit with 1,094 square feet and garage access, and a three-bedroom, one-bath unit with 915 square feet. This well-balanced variety of layouts appeals to a wide range of tenants, maximizing occupancy and rental demand. Currently generating an impressive annual gross income of approximately $132,000, the property delivers reliable returns with room for further growth.
With one unit vacant, buyers may qualify for FHA financing or take advantage of owner-occupant opportunities, allowing favorable terms while benefiting from immediate rental income from the remaining tenants. The remodel completed in 2021 included thoughtful updates designed to enhance comfort, durability, and long-term value, reducing the need for significant near-term improvements.
From its strong rental history to its desirable unit mix and updated condition, this fourplex is a rare find in today’s market. Whether you are looking to expand your investment portfolio with a high-yield, low-vacancy property or secure a home that pays for itself through rental income, this opportunity checks all the boxes.
PF25218738
MLS
2122 E 10th Street, Long Beach
Listing courtesy of Listing Agent: Charlene Hoang (charlene.hoang@redfin.com) from Listing Office: Redfin Corporation.