Sold for $716,666

Listed by: Keller Williams - Santa Monica • Robert Stepp • Contact: 310-774-3740

Bought with: Keller Williams - Santa Monica

$716,666

494-496 E Sunset St, Long Beach, CA 90805

4beds

4baths

1,848sqft

Quadruplex

Built in 1954

-- sqft lot

$961,200 Zestimate^®

$388/sqft

$2,933 Estimated rent

Home value

$961,200

$875,000 - $1.07M

$2,933/mo

Zestimate^® history

Owner options

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$2,933/mo

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$2,933/mo

Rent Zestimate^®

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$4,623/mo

Est. payment

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$4,623/mo

Est. payment

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What's special

Ample parkingNumerous grocery stores

494-496 E Sunset St is an excellent investment opportunity tucked away in a quiet neighborhood corner of North Long Beach. This is a unique opportunity to own two identical duplexes on adjacent lots. The property consists of four 1bd/1ba units with ample parking and a 2-car garage in the back that provides ADU potential*, and the asset offers rental upside of +/- 12%. Just a short drive from the numerous grocery stores and vast selection of restaurants lining Atlantic Blvd., and a straight shot to the 710 and 91-Freeway junction, 494-496 E Sunset offers a fantastic level of convenience to its tenants. This property is listed separately but offers a unique opportunity to acquire 6 total units with the addition of the duplex at 491-491 ½ E 51st St that backs up to the property.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Appliances

Laundry: None

Features

Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 1,848
Total interior livable area: 1,848 sqft

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Entry location: 1
Pool features: None

Lot

Size: 6,886 Square Feet
Features: 2-5 Units/Acre

Details

Parcel number: 7130011015
Zoning: LBR1N
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Condition

New construction: No
Year built: 1954

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks
Subdivision: North Long Beach (Nlb)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $388/sqft
Date on market: 11/20/2023
Cumulative days on market: 18 days
Listing terms: Cash,Cash to New Loan,1031 Exchange

Price history

Date	Event	Price
2/8/2024	Sold	$716,666-13.1%$388/sqft
Source: CRMLS #PW23211575 Report a problem
1/22/2024	Pending sale	$825,000$446/sqft
Source: CRMLS #PW23211575 Report a problem
12/12/2023	Contingent	$825,000$446/sqft
Source: CRMLS #PW23211575 Report a problem
11/20/2023	Listed for sale	$825,000$446/sqft
Source: CRMLS #PW23211575 Report a problem