Condominium acheter à Hauteurs de Californie, Californie

We are pleased to present 5475 Orange Ave, a rare Quadruplex in the Bixby Knolls/North Long Beach Submarket. This 4,468 SF Quadruplex features an Outstanding Unit Mix of (4) Large 3 Bed/1 Bath Units with each unit averaging over 1,100 SF, which is incredibly rare for this submarket. In addition, the building offers (4) adjacent Garage Parking Spaces, (1) allocated for each tenant. The garage runs the width of the lot and faces out back to the alley, so there are no ingress/egress related challenges. In addition, (2) of the Units have been completely remodeled. Both Units B and D have brand new porcelain tile floors, kitchen cabinets, quartz countertops, bathroom vanities, washer and dryer hookups, and updated electrical and plumbing throughout. Additionally, the garage was recently re-roofed and Unit C had brand new windows installed. On top of this, there have not been any (4) Units buildings sold within a 0.5mi radius in the last year, only adding to the unique nature of the building. Furthermore, the offering currently has strong in place rents, with the potential for significant future growth. Moreover, investors have the opportunity to convert the Garages into either (1) or (2) ADUs in order to increase their income. Alternatively, the Garage/Parking surplus outlined above could be parsed out (in various ways) and utilized as additional cash flow streams. Lastly, the Building's Strategic Location within the submarket should not be overlooked. Its proximity to Economic and Entertainment hubs such as Downtown Long Beach and 2nd & PCH as well as its relative proximity to both the Downtown LA and Orange County Employment Hotspots ensure substantial appreciation. These reasons should continue to drive both population growth and increased median household income, which ultimately provides much optimism for continued rent growth within the Submarket moving forward MLS® ID: SB22190710 Listed: 8/22/22 Updated: 10/4/22 Interior Features Kitchen Appliances: Dishwasher, Gas Cooktop, Gas Oven, Refrigerator Total Bedrooms: 0 Total Bathrooms: 0 Interior Features: Ceiling Fan(s), Open Floorplan, Quartz Counters, Recessed Lighting, Unfurnished Laundry Description: Common Area, Washer Hookup, Electric Dryer Hookup, Laundry Room Floor Description: Tile Fireplace: None Cooling: Central Air Heating: Wall Furnace Exterior/Building Features Lot Size: 5,154 ft2 lot Lot Details: Front Yard, Lawn, Rectangular Lot, Street Level, Yard Roof: Asphalt, Shake Sewer: Sewer Tap Paid Other Property Details Area Name: 7 - North Long Beach HOA Amenities: Biking, Curbs, Gutter(s), Street Lights, Suburban, Sidewalks Garage: Yes Garage Spaces: 4 Parking: Concrete, Garage Parking Total: 4.0 View: Y County: Los Angeles Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected Water Source: Private Pool: No Pool Description: None Zoning: LBR3T Listed by Keaton Quaack, Lyon Stahl Investment Real Estate, Inc., Based on information from California Regional Multiple Listing Service, Inc. as of 10/4/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.