Est. cap rate

2.7%

Assumed rent, all units

$7,980/mo

Units

3

Price per unit

$583,000

Est. annual NOI

$47,880

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,703 sqft

Lot size

6,252 sqft

Year built

1953

Stories

1

Garage spaces

0

Cooling

Central Air

Pool

None

Status

Active

Days on market

0

MLS #

244796207

About this property

This builder is a true visionary! Three Homes. Multiple Income Streams. Endless Possibilities. An ultra-rare East Long Beach opportunity offering exceptional flexibility for homeowners, investors, or multigenerational living. This unique property features a beautifully maintained and upgraded 3-bedroom, 2-bath main residence PLUS newly constructed and permitted 637 SF ADU AND 453 SF JADU, each offering one bedroom, one bathroom, private entrances, separate addresses, separate utility meters, A/C, and in-unit laundry. The main home has been updated throughout featuring newer kitchen with large center island, quartzite countertops, and Samsung appliances. In the main living area there is an open concept great room with expansive family room and living room with new flooring and expansive black metal sliding doors providing tons of natural light. The main home centers around the private backyard with patio spaces. Additional features include new double glazed, Low-E doors and windows, new finishes and fixtures, new ducting and HVAC, tankless water heater, and new OVE washlets. Whether you’re looking to offset your mortgage, accommodate extended family, or build long-term wealth through rental income, this property delivers endless possibilities. Currently generating approximately $4,900 per month just from the two accessory units. Premium local rental demand is fueled by its prime location near Cal State Long Beach, the VA Medical Center, El Dorado Park, shopping, dining, and major transportation corridors. Live comfortably in the main home while your investment works for you, or maximize the income potential by leasing all three living spaces. Entry opportunities like this are EXCEPTIONALLY RARE in East Long Beach!

Location

1980 Vuelta Grande

Long Beach, Los Angeles, CA, 90815