Est. cap rate

2.5%

Assumed rent, all units

$6,080/mo

Units

2

Price per unit

$725,000

Est. annual NOI

$36,480

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

Duplex

Bedrooms

2

Building size

2,732 sqft

Lot size

4,382 sqft

Year built

1928

Stories

2

Garage spaces

2

Cooling

None

Pool

None

Status

Active

Days on market

208

MLS #

239737989

About this property

Welcome to 3 and 5 Euclid Avenue, a true classic duplex that is located in the coveted neighborhood of Belmont Heights in Long Beach. Just a very short walk to the beach, pier and convenient shopping. This wonderful Spanish style duplex has endless potential. It features two units; each 2-bedroom unit has a den that can easily be used as an office or a third bedroom, formal dining room, living room with mock fireplace and each unit has 1 1/4 bath. The units have the added benefit of washer and dryer hook-ups plus their own separate patio area. There are two single car garages with a driveway in front of each garage for additional parking. This exceptional property has not been on the market for many, many years. The generous layouts, classic charm, and unbeatable location make this duplex a coveted investment opportunity. Whether you choose to rent out both units or live in one while renting the other you cannot beat the exceptional architectural style of this well-located property. It is a premier investment opportunity. PLUS, PLUS there is a basement with windows that has the potential of being converted into an ADU making the investment even more remarkable. The owner has expired permits with the City for this possible ADU. 3 and 5 Euclid Avenue delivers unmatched potential in one of Long Beach’s most coveted neighborhoods. Properties like this simply do not come around very often.

Location

3 Euclid Avenue

Long Beach, Los Angeles, CA, 90803