Est. cap rate

3.8%

Assumed rent, all units

$5,940/mo

Units

3

Price per unit

$316,333

Est. annual NOI

$35,640

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

1,696 sqft

Lot size

5,886 sqft

Year built

1915

Stories

1

Garage spaces

2

Pool

None

View

City Lights

Status

Active

Days on market

0

MLS #

248946787

About this property

Welcome to 213 E. Eagle Street, an exceptional investment and multi-generational living opportunity in Long Beach's desirable Wrigley neighborhood! This unique triplex offers three separate residences, each with its own private yard, providing the privacy and independence of individual homes. The standout feature is the VACANT, FULLY REMODELED 2-bedroom, 2-bath residence, offering a beautiful move-in-ready opportunity for an owner-occupant or the potential to establish a new rental at today's market rates. Enjoy the benefits of homeownership while collecting income from the other two residences! The second residence features 2 bedrooms and 1 bathroom, has been recently upgraded, includes its own garage, and is currently rented for just $1,200 per month on a month-to-month basis. The third residence offers 1 bedroom and 1 bathroom with a beautifully updated kitchen, private yard, and month-to-month tenancy at only $800 per month. MAJOR IMPROVEMENTS ALREADY COMPLETED! All three residences feature newer roofs, two units have received substantial interior upgrades, and the property offers gated yards, alley access to the garages, and a generous 5,886-square-foot lot. THE OPPORTUNITIES ARE ENDLESS! Perfect for an owner-occupant looking to offset mortgage payments with rental income, an extended family seeking separate living spaces, or an investor looking to capitalize on substantial future rental upside. With one beautifully remodeled unit delivered vacant and the other two generating income well below potential market rents, this property offers a compelling combination of immediate usability and long-term investment potential. Properties offering three separate residences, two individual garages, private outdoor spaces, and this much flexibility are hard to find. Don't miss this outstanding opportunity in the heart of Long Beach!

Location

213 E Eagle

Long Beach, Los Angeles, CA, 90806