111 E 67th Way

Long Beach, CA 90805

  • 6 Bed(s)
  • 5 Bath(s)
  • 2,268 Sqft
  • 6473
    Sqft(Lot)
$1,299,000

Description

Back on market – major price reduction | turnkey 3-unit income property | high cap rate

now offered at $1,299,000, this fully permitted 3-unit property is back on the market after falling out of escrow due to fha restrictions — not due to property condition. the new price reflects exceptional value for investors or hybrid buyers seeking strong cash flow and minimal maintenance. all units are upgraded or newly constructed with permits and high-quality systems.

a rare opportunity to own a luxurious and fully rebuilt three-unit income property in north long beach — perfect for families seeking multi-generational living or investors seeking strong returns. all upgrades were completed with permits and attention to detail, delivering both lifestyle and long-term value.

live in one unit and collect rent from the other two to offset your mortgage — or lease all three for high-yield passive income.

property highlights:

• rebuilt front home (3bd/2ba): modern finishes, open floor plan, double milgard windows, new roof, hvac, electric, and plumbing

• brand new adu (2bd/2ba): detached, private entry, lighted mirrors, stone-accented bathrooms

• brand new jadu (1bd/1ba): stylishly designed with stone shower walls and efficient layout

all units feature:

• independent electric and gas meters

• modern kitchens with new appliances

• in-unit washers and dryers

• beautiful landscaping with fresh lawn, fruit trees, and 4-car parking

• private front yard areas for each unit — perfect for gardening or outdoor dining

pro forma rent roll:

• front house (3/2): $4,300

• adu (2/2): $3,300

• jadu (1/1): $2,200

projected monthly income: $9,800

estimated cap rate: 7.3%

low operating expenses due to all new systems

note: fha financing not eligible due to property classification and self-sufficiency rules. ideal for conventional, dscr, or cash buyers.



video tour: https://vimeo.com/1036491765?share=copy#t=0

property website: https://111east67thway1818171mls.f8re.com/



https://111east67thway1818171mls.f8re.com/

https://vimeo.com/1036491765?share=copy#t=0

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Modern

  • AD ID

    47772702

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Common Roof
    • Interior Features: All Bedrooms Down
    • Property Appliances: Dishwasher,Gas Cooktop,Disposal,Gas Oven,Gas Range,Gas Water Heater,Microwave,Water Heater,Dryer,Washer
    • Fireplace: None
    • Flooring: See Remarks

    Cooling Features

    • See Remarks,Zoned
    • Air Conditioning

    Heating Source

    • See Remarks,Zoned
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1929
    • Building Area Total: 2,268
    • Construction: Drywall
    • Roof: Common Roof

    Foundation

    • Slab

    Security Features

    • Carbon Monoxide Detector(s),Smoke Detector(s)

    Pool Features

    • None

    Laundry Features

    • Laundry Closet,Stacked

    Fencing

    • Security,Wrought Iron

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1486
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6473

  • Listing Price Information

    • Original List Price: 1,299,000
    • Listing Contract Date: 2024-11-22

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7304009021

  • Garage and Parking

    • Garage Description: Gravel,Gated,No Driveway,Paved,Private,One Space

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 7 - North Long Beach
    • Postal Code Plus 4: 1203
    • Directions: From 710 get off on Artesia Blvd
    • Zoning: LBR1N
    • Source Property Type: Residential Income
    • Area: 7 - North Long Beach
    • Property SubType: Triplex

    Building and Construction

    • Property Age: 96
    • Common Walls: 1 Common Wall,No One Above,No One Below
    • Property Condition: Additions/Alterations,Building Permit,Updated/Remodeled
    • Structure Type: Triplex
    • Year Built Source: Estimated
    • Entry Level: 1
    • Entry Location: Front
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 05/04/2025 @ 02:39

  • MLS: OC24239230
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 6 bedrooms which is for sale, it has 2,268 sqft, 6,473 sized lot, and 4 parking. are nearby neighborhoods.