Just Appraised for $1,425,000 on 10/20/2016. This is an Extensively Renovated and highly upgraded lovely Cape Cod style Triplex essentially in Like New condition. Approximately $290,000 in renovations & upgrades were just completed by a licensed general contractor and permitted, inspected, and approved by Long Beach City Building Inspectors on October 31, 2016. Construction brought the majority of this building up to 2016 building codes. It is beautifully renovated top-to-bottom, inside and out. This unique one-of-a-kind Property appraised for $1,425,000 on October 20, 2016 by an independent licensed appraiser with 35 years of experience appraising similar kind properties in this immediate area after the renovations and upgrades were completed. The licensed appraiser estimates the effective Year Built Date after renovations is now effectively moved up to 2011. It is estimated that no major repairs will likely be required for the next 25-30 years. These units generate a projected proforma annual income of approximately $68,760 per year ($5,730 per month). This Triplex has a brand new 35 year rated solar reflecting roof, new energy efficient dual glazed Low-E windows, new redwood siding, Sherwin Williams exterior paint, new exterior LED Security Flood lights, new low water landscaping, and more. It showcases three huge new over-sized rental units that command top dollar rents featuring new porcelain tile floors, brand new kitchens with granite counter tops, beautiful new bathrooms, new appliances, new energy efficient gas hot water heaters, new energy efficient gas wall furnaces, new LED lighting, resurfaced private patio decks, et all. It offers 4 separate and private individual finished garages, plus extra off-street parking. Owner-owned common shared coin operated laundry facilities are on premise (machines are owned, not rented). Owner-owned 2 cubic yard locking trash dumpster (dumpster is owned, not rented). This Property boasts of a gorgeous new 1,279 Square Foot Owner's Unit with an enormous size master bedroom and a large second bedroom, 2 new full baths with ceramic tile showers, large brand new kitchen, private patio deck, and 2 private finished garages in the front of the building which is a great home for an Owner Occupant family to live in while they rent out the two other remaining units to pay their mortgage, or else they can rent out all 3 giant units in the building for top dollar. If you are looking for turn-key, like-new rental units with hassle-free low maintenance that will generate top dollar for you then these are your units. This Property is offered For Sale By Owner in As Is condition on a no contingency sale for $1,150,000 to qualified pre-approved buyer(s) with verified good funds to close. Buyers may Email Seller for additional details at JBonwit@earthlink.net or call Seller at 714-412-2222.
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