$ 2,795,000
-
$2,795,000
Price -
7
Bed -
6
Bath -
4,210
SqFt
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About the Listing PB19228 - PWPSCARLOR
NEW PRICE! Exceptional Bluff Park Spanish Fourplex —Owner-User Opportunity, Current Income & Future Upside Just Two Blocks from the Beach. Rarely does a property offer this combination of location, income, flexibility, and extensive improvements. If all four residences were rented, the property has the potential to generate approximately $11,495 per month / $137,940 annually in gross income. The spacious 4-bedroom, 2.5-bath current owner’s residence is estimated at $4,500 per month ($54,000 annually), while the three 1-bedroom residences currently generate a combined $6,995 per month ($83,940 annually). For an owner-user, the opportunity is equally attractive. Occupy the expansive four-bedroom main residence while collecting nearly $7,000 per month from the three additional residences, an exceptional combination of comfortable coastal living and substantial rental income. The property has benefited from over $700,000 in improvements, including an extensive reconstruction to the owners unit, taken down to the studs while carefully preserving the property’s original Spanish architecture and character. Improvements include updated plumbing and electrical systems, countertops, garage reconstruction, seismic retrofitting, HVAC, whole-house stereo, private laundry, and a private patio with built-in seating and BBQ. The residence also includes a two-car garage. Each of the three 1-bedroom residences enjoys its own private patio, while the property is centered around a beautifully landscaped courtyard accented by fountains, creating a wonderful sense of privacy, charm, and separation between the residences. Located just two blocks from the beach in highly desirable Bluff Park, this is a rare coastal investment offering current income, owner-user flexibility, and future income potential—all while enjoying the lifestyle and character of one of Long Beach’s most sought-after neighborhoods.
Listing Highlights
Interior Details
- Bedrooms: 7
- Bathrooms: 6 Full
- Appliances: Built-In Range, Barbecue
- Air Cond: Central Air,Wall/Window Unit(s)
- Heating: Central,Wall Furnace
- Fireplaces: Gas,Kitchen,Living Room,Primary Bedroom,Outside
- Floor: Carpet,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Built-in Features,Balcony,Crown Molding,Granite Counters,Recessed Lighting,Storage,Tile Counters,Unfurnished
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Back Yard,Garden,Landscaped,Near Park,Near Public Transit,Walkstreet,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Roof: Spanish Tile
- Others: Awning(s),Updated/Remodeled,Stucco,2+ Total Units
- Sewer: Sewer Tap Paid
- Parking Features: Garage Faces Rear
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7264002010
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
3409 E 2nd St Long Beach, CA 90803
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