1562 W 31st ST Long Beach, CA 90810
6,333 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Westside/North Of Willow (Wnw)
MLS Listing ID SB26112414
Construction Status Additions/Alterations,Updated/Remodeled
HOA Y/N No
Year Built 1938
Lot Size 6,333 Sqft
Property Sub-Type Duplex
Property Description
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 area of Westside Long Beach and just minutes from the beach and ocean. Rare opportunities featuring new ADUs, multiple residences, bonus space, courtyard living, and vacant delivery are increasingly hard to find.
Location
State CA
County Los Angeles
Area 11 - Westside
Zoning LBR1N
Interior
Heating Wall Furnace, Zoned
Cooling Wall/Window Unit(s), Zoned
Flooring Tile, Vinyl, Wood
Fireplaces Type None
Fireplace No
Laundry Inside, Outside
Exterior
Parking Features RV Access/Parking
Pool None
Community Features Biking, Dog Park, Gutter(s), Storm Drain(s)
Roof Type Asbestos Shingle
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Construction Status Additions/Alterations,Updated/Remodeled
Others
Senior Community No
Tax ID 7312028005
Acceptable Financing Cash, Conventional, 1031 Exchange
Green/Energy Cert Solar
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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