63 W 48Th Street

  • Long Beach

  • $1,093,333

Residential Income Details

Beautiful LONG BEACH Investment Property- 4.5 CAP at CURRENT RENTS!! Practically NO Deferred Maintenance!! Almost Brand New Complex with a configuration of 4 Spacious one bedroom one bathroom dwellings. Complex is PROFESSIONALLY Landscaped & ALL 4 of the Units are COMPLETELY REMODELED!! ALL New Kitchens, Quartz Countertops & Tile Backsplashes, New Kitchen Cabinets, New Stainless Steel Refrigerators / New Gas Stoves with a Heavy Stainless Steel Range Hood, New LED Lights & Ceiling Fans, New WATERPROOF Flooring, New Bathrooms, New Toilets and New Bathtubs/Showers with New Subway Tile to the Ceiling, New Bathroom Vanities with Quartz Counters and New Sink, New AIR CONDITIONERS!!!, and NEW 2 Flat Panel 55” Ultra High Definition 4K TV’s mounted in the Living Room and in the Bedroom of EACH Unit! We have 8 HD Security cameras throughout the complex ( view on your Phone; you can playback video). There are also 2 ENCLOSED 2 Car Garages that are all Newly Painted with New Garage Door Openers & LED Lights. Each Unit has a KEYLESS Lock that is Programmable (so no more keys for your Tenants!) We also have NEW On-Site laundry steps away from the units. Electricity and gas is individually metered. This property is an IDEAL opportunity to own a straightforward Multifamily investment asset in one of the most desirable parts of the country. The property is walking distance to nearby Excellent Dining, shopping, groceries, parks, and a short drive to schools and beaches!
MLS #OC18187204
Number of Units4
Sale TypeStandard
Listing BrokerageCreative Property Group
Listing AgentRyan Oca
Listing Agent BRE #01491055
FeaturesCeiling Fan,Granite Counters
AppliancesGas Oven,Gas Range,Vented Exhaust Fan
CoolingSee Remarks
HeatingWall Heater,Natural Gas
ParkingDriveway - Concrete,Garage - Side Entry
Garage Spaces4
RoofingRolled/Hot Mop
Area7 - North Long Beach
TractNorth Long Beach (NLB)
CommunityStreet Lighting,Suburban
Address63 W 48Th Street
CityLong Beach
CountyLos Angeles


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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, August 13, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.