1031 EXCHANGE FOURPLEX, located in the highly desirable Peninsula area of Long Beach, just steps from the beach. The building consists of four units: two 1-bedroom/1-bath units located on the second floor, and one 1-bedroom/1-bath unit plus one studio/1 bath on the first floor. Each unit has its own private entrance, separate address (6514, 6516, 6518, and 6520), and electric is individually metered. All units are currently tenant-occupied.
Tenants in Units 6514 and 6516 also have use of the two one-car garages. The property is well maintained, with Unit 6514 fully updated in 2020. All tenants share a common laundry room equipped with a newer washer and dryer. Units 6514 and 6520 feature mini-split A/C and heating systems, while Units 6516 and 6518 have wall heaters and no air conditioning. Each unit offers great natural light and has been well cared for.
This property presents a fantastic opportunity to own a well-maintained investment building just steps from the beach. Ideally situated between the Pacific Ocean and Alamitos Bay on the highly sought-after Long Beach Peninsula. Enjoy close proximity to the shops, restaurants, and nightlife of Belmont Shore, along with beachside activities including kayaking, paddle boarding, sailing, and scenic biking and running paths leading to downtown and the iconic Queen Mary. Nearby access to the Alamitos Bay Yacht Club and Long Beach Yacht Club enhances the exceptional coastal lifestyle this property offers. ( Pictures are from 2020-2021 , updated pictures will be posted soon )- Subject to 1031 Exchange.