Recently Sold Homes in 90845, CA

Recently Sold Home in 90845, CA:

Welcome to Long Beach. This rare and affordable investment opportunity is located in the heart of the city. Close to downtown, the beach, and major freeways, this property is in a prime location with strong rental demand. The first unit features two bedrooms and one bathroom. The other two units consist of one bedroom, one bathroom each. Two of the units are currently vacant, giving buyers the chance to move in and rent the other units for added income. This makes it a great option for both new and experienced investors looking to use a “house-hacking” strategy. The property also offers upside potential with current rents, creating an opportunity to increase cash flow over time.

Recently Sold Home in 90845, CA:

There's something about 1037 N Almond Ct that just feels right. Tucked on a quiet street at the edge of Craftsman Village, this 3-bedroom, 1-bath home blends the warmth and character you fall in love with in a craftsman with the everyday ease of a home that's been beautifully cred for. Original hardwood floors run through the living and dining rooms, holding onto the soul of the home while everything around them feels fresh and new. The updated kitchen is bright and easy to be in, with quartz counters that catch the light, a new sink, and updated cabinets. The fully renovated bathroom feels like a quiet retreat, with new tile, vanity, flooring, and mirror, and updated plumbing behind the wa

Recently Sold Home in 90845, CA:

Built in 1922, this Spanish home is full of charm and character. Thoughtfully renovated over time as the owner's personal residence, every improvement reflects a genuine appreciation for the home's original architecture while creating comfortable, functional spaces for everyday living. Step inside to a light-filled living room showcasing original built-in cabinetry, rich hardwood floors, recessed lighting, and energy-efficient mini-split heating and air conditioning. The remodeled kitchen features butcher block countertops, a farmhouse sink, open shelving, stainless steel appliances, and a professional-style six-burner range with matching hood, perfect for everyday living and entertaining.

Recently Sold Home in 90845, CA:

Priced to sell at 9.7 GRM and 6.6% CAP with upside to 9.3 GRM and a 7.0% CAP. 14 units in Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located on the East Side. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. The property features an excellent unit mix of 1 and 2 bed units with 11 open parking spaces in the rear. The exterior and all interiors were updated in 2019. Unit interiors feature updated flooring, kitchen counter tops, lighting and paint. EARN OVER A 10% CASH ON CASH