CA > Long Beach > North Long Beach
Long Beach, CA 90805,111 East 67th Way
Long Beach, CA 90805,111 East 67th Way
Long Beach, CA 90805,111 East 67th Way
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Mohammad Vahdati • Keller Williams Realty
$1,299,000
Est. payment /mo
2,268 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,268 sqft

Price per Sqft $572

Subdivision North Long Beach

MLS Listing ID OC-24239230

Style Modern

Year Built 1929

Lot Size 6,473 Sqft

Property Sub-Type Triplex

Property Description

Back on Market - Major Price Reduction | Turnkey 3-Unit Income Property | High Cap Rate Now offered at $1,299,000, this fully permitted 3-unit property is back on the market after falling out of escrow due to FHA restrictions -- not due to property condition. The new price reflects exceptional value for investors or hybrid buyers seeking strong cash flow and minimal maintenance. All units are upgraded or newly constructed with permits and high-quality systems. A rare opportunity to own a luxurious and fully rebuilt three-unit income property in North Long Beach -- perfect for families seeking multi-generational living or investors seeking strong returns. All upgrades were completed with permits and attention to detail, delivering both lifestyle and long-term value. Live in one unit and collect rent from the other two to offset your mortgage -- or lease all three for high-yield passive income. Property Highlights: o Rebuilt Front Home (3BD/2BA): Modern finishes, open floor plan, double Milgard windows, new roof, HVAC, electric, and plumbing o Brand New ADU (2BD/2BA): Detached, private entry, lighted mirrors, stone-accented bathrooms o Brand New JADU (1BD/1BA): Stylishly designed with stone shower walls and efficient layout All units feature: o Independent electric and gas meters o Modern kitchens with new appliances o In-unit washers and dryers o Beautiful landscaping with fresh lawn, fruit trees, and 4-car parking o Private front yard areas for each unit -- perfect for gardening or outdoor dining Pro Forma Rent Roll: o Front House (3/2): $4,300 o ADU (2/2): $3,300 o JADU (1/1): $2,200 Projected Monthly Income: $9,800 Estimated Cap Rate: 7.3% Low operating expenses due to all new systems Note: FHA financing not eligible due to property classification and self-sufficiency rules. Ideal for conventional, DSCR, or cash buyers. Video Tour: https://vimeo.com/1036491765?share=copy#t=0 Property Website: https://111East67thWay1818171mls.f8re.com/ https://111East67thWay1818171mls.f8re.com/ https://vimeo.com/1036491765?share=copy#t=0

Location

State CA

County Los Angeles

Area 7 - North Long Beach

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/

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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