$950,000

Est. payment -/mo

$930,000

2.2%

Est.Price: ?

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2916 E 10Th ST Long Beach, CA 90804

2,622 SqFt

SOLD DATE : 07/27/2021

Key Details

Sold Price $950,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,622 sqft

Price per Sqft $362

MLS Listing ID 21744434

Sold Date 07/27/21

HOA Y/N No

Year Built 1938

Lot Size 4,356 Sqft

Acres 0.1

Property Description

2916 E 10th St is a duplex in Long Beach, CA in the desirable Eastside Rose Park neighborhood. The building is well-maintained 1930s construction with spacious 2 bed 1 bath units and gated parking. Units have hardwood floors, stainless steel appliances, granite countertops, and washer and dryer. One unit will be delivered vacant at the close of escrow which makes this a fantastic owner user investment opportunity with 15% upside in rents. The property is conveniently located 1.5 miles from the Long Beach City Beach and the Recreation Park Golf Course. It's also 3 miles off the N Lakewood Exit from the 405 Freeway. The upstairs unit is currently owner-occupied. The owner will be moving out and this unit has been underwritten at a projected market rent of $2,400 per month in our investment summary.