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$ 1,996,000
Est. payment /mo
Open Sat 2PM-5PM
3519 E Colorado Street Long Beach, CA 90814
6 Beds
6 Baths
3,804 Sqft Lot
Open House
Sat Jan 31, 2:00pm - 5:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26007170
Bedrooms 6
Lot Size 3,804 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Turnkey Quadruplex | In-Unit Laundry | Prime Location. New-construction feel without the wait. Fully renovated 4 units, perfectly timed ahead of the 2028 Olympics. With 11 different sporting events and 161 ticketed events in Long Beach Imagine the need for housing! You are only 0.7 miles from the coastal rowing events, 1.4 miles from rowing and canoeing events. This property is in the middle of it all! Long Beachs most established rental corridors, designed for immediate performance and long-term upside. The unit mix includes (TWO) 2-bed/1-bath residences and (TWO) 1-bed/1-bath residences, each featuring in-unit laundry. Significant improvements include new plumbing and electrical, a new roof on the front building, upgraded kitchens and baths, new flooring, and refreshed landscaping. Current rental performance reflects approximately $14,500 in total monthly income, with one two-bedroom unit at $4,500 per month, the second at $4,000 per month, and each one-bedroom unit at $3,000 per month each. Located minutes from Belmont Shore, Retro Row, neighborhood grocery stores, dining, and convenient access to the 405 and 22 freeways, this asset combines everyday livability with strong rental fundamentals. Long-term growth potential is further supported by Long Beachs continued infrastructure investment and proximity to upcoming regional demand drivers, including the 2028 Olympics.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Redondo south, left onto Colorado
Interior
Cooling Other/Remarks
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7257016022
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Shannon Paul Zaia Estates