2740 Easy AVE Open House Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90810
OPEN HOUSE
Sat Sep 20, 11:00am - 1:00pm
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 OC25214482
Year Built 1941
Annual Tax Amount $7,860
Tax Year 2024
Lot Size 4,970 Sqft
Property Sub-Type Duplex
Property Description
Great income opportunity in a well-situated Long Beach duplex. Front unit (2740 Easy Ave) is 946 sf with 2 bed / 1 bath; rear unit (2740A) is 480 sf with 1 bed / 1 bath. Both units were updated with remodeled kitchens and bathrooms, hardwood floors, and clean, functional layouts. The front unit faces the street; the rear unit, garage and driveway lie inside a gated portion of the lot. Detached two-car garage with laundry and a shared yard add practicality. Seller has fully approved plans to convert the garage into a third unit—an immediate value-add. Projected gross income at market is ~$4,233/mo (~$50,800/yr), with a 10% vacancy allowance. Based on estimated expenses, pro forma NOI comes in around $32,000. At a $765,000 purchase price, the property delivers approximately a 15.1 GRM, with upside through rental growth or the planned third unit. Turnkey condition, stable rental income, and development potential make this a strong play for investors seeking dependable cash flow in Long Beach.
Location
State CA
County Los Angeles
Area 11 - Westside
Zoning LBR1N
Interior
Heating Wall Furnace
Cooling Ductless
Flooring Wood
Fireplaces Type Living Room
Inclusions Washer, Dryer, Refrigerator, Stove
Laundry In Garage
Exterior
Parking Features Driveway,Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Wood
Pool None
Community Features Curbs,Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N Yes
View Neighborhood
Roof Type Composition,Shingle
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,FHA
Listing Terms Cash,Cash to New Loan,Conventional,FHA
Special Listing Condition Standard