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Key Details
Sold Price $1,525,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID PW21155480
Sold Date 11/22/21
HOA Y/N No
Year Built 1905
Lot Size 4,098 Sqft
Property Description
There are a ton of great income properties out there, but the income of 126 E. Eagle soars high above the rest. This 4-unit building has one of the highest income potentials of any small apartment building on the market, generating over $115,000 annually . The property has a great unit composition of four 3 Bedroom / 1 Bathroom units, each with over 1,000 SF. Eliminate the stress of whether the tenants are going to pay their rent, as these rents are guaranteed by the Housing Authority of Long Beach, who routinely inspects to ensure the property is being cared for.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR2N
Interior
Fireplaces Type None
Fireplace No
Laundry Common Area, Inside
Exterior
Pool None
Community Features Biking, Curbs, Rural, Storm Drain(s), Street Lights, Sidewalks, Urban, Park
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities
Roof Type Shingle
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Near Park, Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7208014009
Acceptable Financing Cash, Conventional, 1031 Exchange, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, VA Loan
Financing Trade
Special Listing Condition Standard
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Bought with Tammie Holley • Gibson Realty
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