Listed by eXp Realty of California Inc, Sage Real Estate
$1,399,000
1014 Myrtle Avenue
Details
APN 7274010013
Property Type Multifamily
Sub Type Apartment Building
Units 3
Buildings 3
Acreage 0.115
Zoning Assessor
Multifamily | 3 Units
Marketing description
Two fully reimagined detached homes on a single lot this is the rare Long Beach opportunity buyers have been waiting for. 901 E 10th St offers a spacious 4-bedroom, 3.5-bath residence, while 1014 Myrtle delivers a well-appointed 3-bedroom, 2-bath home each completely rebuilt from the ground up with all-new plumbing, electrical, roofing, kitchens, bathrooms, hardscape, landscaping, and decking. Both homes feature new AC and heating systems, tankless water heaters, and dual-pane windows throughout plus off-street parking for each residence. Two separate homes. Zero deferred maintenance. Total turnkey. Currently operating as a high-performing short-term rental, the property has generated over $10,000/month in gross income during peak periods making it equally compelling for owner-occupants looking to offset their mortgage, multi-generational families who want space without sacrificing proximity, or investors seeking a proven income asset. And the upside doesn't stop there. The property also includes a 600 SF commercial storefront, and comes with city-approved, Ready-to-Issue plans to convert the space into two ADUs one on the ground floor and one above. The permitting groundwork is done, putting the next buyer in an exceptional position to add two additional income-producing units with minimal friction. Located in Long Beach's active redevelopment corridor and steps from public transit, this is a genuine long-term wealth-building asset with the hard work already done. Live in one. Lease the others. Build generational wealth from there.
Listing Contacts
Listed by eXp Realty of California Inc, Sage Real Estate
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