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Karen Hiatt

karen.hiatt@engelvoelkers.com +1(805) 551-1225

Listed by Mohammad Vahdati • Keller Williams Realty

$ 1,329,000

Est. payment -/mo

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Price Dropped by $66K

111 East 67th Way Long Beach, CA 90805

2,268 SqFt

UPDATED:

02/26/2025 12:36 AM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,268 sqft

Price per Sqft $585

Subdivision North Long Beach

MLS Listing ID OC-24239230

Style Modern

Year Built 1929

Lot Size 6,473 Sqft

Property Description

Luxurious, Fully Rebuilt Three-Unit Property, A Rare Income and Lifestyle Opportunity Experience the perfect harmony of modern design and practicality with this fully rebuilt three-unit property. Ideal for families or investors, this move-in-ready gem boasts high-end upgrades and a focus on luxury throughout. All work it done with proper permits. Live in one unit, and the rent from the other two units will cover the mortgage. Property Highlights o Completely Rebuilt: Brand-new: Electrical Systems, Plumbing, Roofing, Air Conditioning system, Automatic Sprinkler System, Double Pane Milgard Windows, and Flooring across all units. o Meticulously Designed Interiors: Modern open floor plans, high-quality finishes, and full-tile bathrooms with exquisite stone designs. o Independent Utilities: Each unit is separately metered for electricity and gas. Unit Details: Front House (Unit 1): o Spacious 3-bedroom, 2-bathroom layout. o Primary bathroom features a full bath with stunning floor-to-ceiling stone finishes. o Secondary bathroom boasts an elegant standing shower with premium stone accents. o Projected Rental Value: $4,100. ADU (Unit 2): o Modern 2-bedroom, 2-bathroom unit. o Bathrooms feature stone-accented standing showers and chic, lighted mirrors. o Projected Rental Value: $3,200 JADU (Unit 3): o Cozy 1-bedroom, 1-bathroom space. o Thoughtfully designed with a stylish standing shower and ceiling-high stone finishes. o Projected Rental Value: $2,600 $$$ Investor's Dream: Exceptional Rental income potential with very low operation expenses Estimated at or below 10% Annually due to new Construction with Hi-Cap Rate $$$. Additional Features o Modern kitchens with brand-new appliances in all units. o New washers and dryers in each unit for added convenience. o Each unit has a dedicated front yard with ample room for gardening and outdoor dining. o Beautifully landscaped front yard with fresh grass and new automatic sprinklers. o Serene backyard featuring fruit trees, creating a tranquil oasis. o Parking space for 4 cars. https://111East67thWay1818171mls.f8re.com/ https://vimeo.com/1036491765?share=copy#t=0

Location

State CA

County Los Angeles

Zoning LBR1N

Interior

Heating Zoned, See Remarks

Cooling Zoned, See Remarks

Flooring See Remarks

Fireplaces Type None

Laundry Dryer Included, In Closet, Stackable, Washer Included

Exterior

Parking Features Gravel, No Driveway, Parking Space, Paved, Private

Garage Spaces 4.0

Pool None

Community Features Curbs

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Building

Lot Description Front Yard, Garden, Lawn, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, 2-5 Units/Acre, Back Yard

Sewer Public Sewer

Others

Virtual Tour https://111East67thWay1818171mls.f8re.com/

Karen Hiatt

Advisor | License ID: 01966162

+1(805) 551-1225

Karen Hiatt

111 East 67th Way Long Beach, CA 90805

Key Details

Location

Interior

Exterior

Building

Others

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111 East 67th Way