3211 E Wilton Street

  • Long Beach

  • $1,199,000
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Residential Income Details

Description
I am proud to offer a well-maintained four-unit property in the in the city of Long Beach. The subject property is located at 3211 East Wilton Street, one street West of Redondo Avenue, two blocks South of Pacific Coast Highway. The owner has recently done an amazing rehab on two of the units this year, and the rehab includes; new kitchens, new cabinets, new counter tops, new stove, new stove hood, new bathroom with shower walls, and amazing hardwood flooring throughout. The units show amazing and appease the professional renter. The property also includes an abundance of parking which is very rare for the city. Including 1 two car garage, 3 single car garages with some open spaces with the potential to park nine cars. Built in 1923, this property is a two-story building walk up style with approximately 2635 rentable square feet that are highlighted with an open-floor flan. Located within close proximity to numerous restaurants and shopping corridors this property offers an investor the rare opportunity to acquire a well-maintained income property in a strong rental market in the most desirable community of East Long Beach. With rents 14% below market value, any investor looking to add value could have a 6% capitalization rate by accessing the rental upside and adding addition income by renting out highly sought-after parking in the area, thus making this acquisition a valuable addition to any investor’s portfolio.
Essential
MLS #PW18094726
Price$1,199,000
Number of Units4
Sale TypeStandard
Sub-TypeQuadruplex
StatusActive
Listing BrokerageJustin White
Listing AgentJustin White
Listing Agent BRE #01267826
Interior
Exterior
Garage Spaces4
PoolNone
RoofingShingle
Community
Area3 - Eastside, Circle Area
TractCircle (CA)
CommunityUrban
Address3211 E Wilton Street
CityLong Beach
CountyLos Angeles
StateCA
ZipCode90804
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Saturday, September 22, 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.