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32908314
32908298

1562 W 31st Street, Long Beach, CA 90810

West Shores Realty, Inc.
Listed by West Shores Realty, Inc.
$1,249,000
13 days on market
Updated 1 day ago

1562 W 31st Street

Details
APN 7312028005
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 8.60%
Buildings 3
Acreage 0.145
Zoning Assessor

Multifamily | 8.60% CAP | 4 Units

Marketing description

Rare vacant multi-unit opportunity in a highly desirable Westside Long Beach location featuring 4 separate living spaces , offering exceptional versatility for investors, owner-occupants, house hackers, or multi-generational living. The property consists of a front 2-bedroom, 1-bath home, an upper-level 2-bedroom, 1-bath unit, a newly constructed 1-bedroom, 1-bath ADU, and an additional 2-bedroom, 1-bath rear unit, creating a unique compound-style layout where each residence feels like its own private home. Designed around a central courtyard, the property offers an inviting outdoor gathering space ideal for entertaining, relaxing, or creating separation and privacy between the residences. The courtyard enhances the property's charm and creates a true compound-style atmosphere that is difficult to find. Property has an assumable loan at 2.5 percent interest rate.Per seller, one of the units was previously utilized as a short-term rental and reportedly generated approximately $5,000/month in Airbnb income. Buyers are advised to independently verify all short-term rental regulations, permits, use restrictions, and income potential with the City of Long Beach. The property will be delivered completely vacant at closing, creating a rare opportunity to immediately occupy, lease at market rents, or customize the property to fit a variety of living and investment strategies. The newly built ADUs provide modern appeal and strong income potential. Conveniently located near restaurants, Silverado Park, freeways, public transportation, and nearby bus stops. Located in a very desirable
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Listing Contacts

West Shores Realty, Inc.
Listed by West Shores Realty, Inc.

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