179 Saint Joseph Avenue, Long Beach, California 90803
- Residential Income Property Type
- 35 Days Time on market
- 1925 Year Built
Welcome to this charming Spanish-style Tri-plex with character and modern updates, nestled in a prime location near 2nd Street. The First unit boasts 3 bedrooms and 1 bathroom, featuring beautiful built-ins, wood flooring, a faux fireplace, and a convenient garage and additional parking space. The Second unit offers 2 bedrooms and 1 bathroom, showcasing an updated kitchen and bathroom with luxury laminate flooring and private patio. The Third unit, a brand new build, features 2 bedrooms and 1 bathroom with a stunning kitchen and bathroom design. Luxury vinyl flooring and new HVAC.
All units have been beautifully updated to include private laundry facilities and stainless steel appliances. The property has 2 new electrical pannels and 3 new tankless hot water heaters, ensuring efficiency and convenience for tenants and owner. Tenants are responsible for all utilities; except water and trash, this provides low owner maintenance while collecting top market rent.
With minimal vacancy and a strong CAP Rate of near 6%, this Tri-plex offers an excellent investment opportunity. Experience the abundance of 2nd location, Spanish architecture combined with modern amenities, making this property a standout choice for investors and renters alike.
