90804 Homes with Triplex Subtype

90804 Homes with Triplex Subtype

Located in the vibrant city of Long Beach, California, the zip code 90804 offers a diverse range of opportunities for homeowners and investors alike. Situated in Los Angeles County, this area is known for its thriving real estate market and desirable living conditions.

One notable feature of the 90804 zip code is the availability of homes with the Triplex subtype. This subtype refers to properties that consist of three separate living units, making them an excellent choice for those looking to invest or generate rental income. Triplex homes provide the perfect opportunity for homeowners to live in one unit while renting out the others, creating a valuable source of passive income.

With a Triplex subtype, homeowners can enjoy the benefits of shared expenses, as well as the potential for higher rental income compared to single-family homes. Additionally, these properties often offer a variety of floor plans and amenities, catering to the needs of different tenants.

The 90804 zip code offers a wide range of amenities and attractions, including beautiful parks, trendy restaurants, and convenient shopping centers. Its close proximity to the beach and downtown Long Beach adds to the appeal, providing residents with a vibrant and exciting lifestyle.

Whether you're a homeowner looking for an investment opportunity or a prospective tenant seeking a unique living arrangement, the homes with the Triplex subtype in the 90804 zip code offer an attractive option. Explore the real estate market in this area and discover the possibilities that await you in Long Beach, California.

Newest 90804 Homes with Triplex Subtype

$900,000
PW26179995 MLS Active Status
1636 N. Stanton Place presents the opportunity to acquire a well- located three-unit multifamily property in Long Beach offering attractive in-place cash flow, a diversified unit mix, and additional upside through future rent growth. Offered at $900,000, the property provides investors with a compelling combination of current yield and long-term income potential. The property consists of (1) 1BD/1BA unit, (1) 2BD/1BA unit, and (1) 3BD/1BA unit. Current monthly rents total $6,470, with projected market rents of $6,700 per month. The one-bedroom unit is currently rented at $1,670 compared with a projected market rent of $1,750, while the two-bedroom unit is rented at $2,000 compared with a projected $2,150. With only three units, the property offers investors a manageable multifamily asset with substantially greater income diversification than a single-family or duplex investment while retaining the operational simplicity of a small residential property. The varied unit mix further reduces reliance on any single tenant profile and creates multiple rent points within the property. For investors seeking a smaller multifamily acquisition with immediate income and identifiable upside, 1636 N. Stanton Place offers a compelling combination of a 5.93% going-in cap rate, rental growth potential, larger two- and three-bedroom floor plans, and a $300,000-per-unit basis. As rents move toward projected market levels, investors have the opportunity to enhance NOI and overall property value while benefiting from strong in-place cash flow.

1636 N Stanton, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.