$ 765,000
-
$765,000
Price -
3
Bed -
2
Bath -
1,426
SqFt
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About the Listing J02166 - SJOHNKA1,OCKUNGSAM
Great income opportunity in a well-situated Long Beach duplex. Front unit (2740 Easy Ave) is 946 sf with 2 bed / 1 bath; rear unit (2740A) is 480 sf with 1 bed / 1 bath. Both units were updated with remodeled kitchens and bathrooms, hardwood floors, and clean, functional layouts. The front unit faces the street; the rear unit, garage and driveway lie inside a gated portion of the lot. Detached two-car garage with laundry and a shared yard add practicality. Seller has fully approved plans to convert the garage into a third unit—an immediate value-add. Projected gross income at market is ~$4,233/mo (~$50,800/yr), with a 10% vacancy allowance. Based on estimated expenses, pro forma NOI comes in around $32,000. At a $765,000 purchase price, the property delivers approximately a 15.1 GRM, with upside through rental growth or the planned third unit. Turnkey condition, stable rental income, and development potential make this a strong play for investors seeking dependable cash flow in Long Beach.
Listing Highlights for 2740 Easy Ave
Status
Active With Contingency
Days on Site
36
Property Type
Multi-Family
MLS ®
OC25214482
Year Built
1941
Total Square Footage
1,426
Lot/Acreage
0.11
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Range Hood, Refrigerator
- Air Cond: Ductless
- Heating: Wall Furnace
- Fireplaces: Living Room
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Tile Counters
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 5
- Zoning: LBR1N
- Roof: Composition,Shingle
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Driveway,Garage
Financial Details
- Tax Amount: $7,860
- Taxes w/Assessments: N/A
- Tax/Property ID: 7313025009
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
2740 Easy Ave Long Beach, CA 90810
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