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1168 37th , Long Beach, CA 90807
Priced at Only: $2,125,000
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Address: 1168 37th , Long Beach, CA 90807
Property Location and Similar Properties
- MLS#: PW25281680 ( Quadruplex )
- Street Address: 1168 37th
- Viewed: 1
- Price: $2,125,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1925
- Bldg sqft: 0
- Days On Market: 34
- Additional Information
- County: LOS ANGELES
- City: Long Beach
- Zipcode: 90807
- Provided by: Sage Real Estate Group, Inc.
- Contact: Juan Juan

- DMCA Notice
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DescriptionComing soon to the market, 1168 E. 37th Street and 3654 Cerritos Avenue is a rare trophy Spanish style multifamily property located on the prominent corner of 37th Street and Cerritos Avenue in the highly desirable California Heights Historic District. Situated on a large 8,037 square foot corner lot, this architecturally charming property is legally permitted as a triplex and is currently utilized as a four unit rental property, offering a unique blend of character, lifestyle amenities, and income potential in one of Long Beachs most sought after neighborhoods. The property features a detached Spanish style front house, a detached duplex, and an additional non conforming studio, creating a flexible and compelling investment or owner user opportunity. The front house is a beautifully remodeled 2 bedroom, 1 bath residence and will be delivered vacant on January 9th, making it ideal for an owner user or for repositioning at market rents. The home is equipped with mini split HVAC, in unit washer and dryer, solar panels to offset electricity costs, and a private Jacuzzi, offering a true lifestyle component rarely found in multifamily properties. The front house also has exclusive use of the rear garage. Behind the main residence is a detached duplex, consisting of two 1 bedroom, 1 bath units, each featuring mini split HVAC systems and in unit washer and dryers. In addition, there is a non conforming studio, also equipped with mini split HVAC and in unit laundry, which is currently vacant. The property is further enhanced by a large detached two car garage, half of which has been thoughtfully built out as a dance studio, while still allowing parking for two vehicles. The garage also includes a private sauna, adding another premium amenity to this one of a kind asset. The flexible unit mix also creates exciting optionality for buyers seeking to maximize income through short term rental (Airbnb) or mid term rental strategies (buyer to verify), while still offering an ideal layout for multigenerational living, extended family arrangements, or a live in owner who wants additional rental income. Current Rent Roll: 2 Bed / 1 Bath (Front House): $4,895/month (now vacant) , 1 Bed / 1 Bath: $1,883/month / 1 Bed / 1 Bath: $2,250/month / Studio (Non Conforming): $1,800/month (vacant)
Features
Assessments
- None
Building Area Total
- 2129.00
Commoninterest
- None
Common Walls
- No Common Walls
Construction Materials
- Frame
- Stucco
Cooling
- Ductless
Country
- US
Days On Market
- 11
Electric
- Electricity - On Property
Electric Expense
- 0.00
Fireplace Features
- Living Room
Fuel Expense
- 75.00
Garage Spaces
- 2.00
Heating
- Fireplace(s)
Insurance Expense
- 3000.00
Laundry Features
- Inside
Levels
- One
Lockboxtype
- None
Lot Features
- 0-1 Unit/Acre
- Corner Lot
Netoperatingincome
- 99936.00
Newtaxesexpense
- 26562.00
Parcel Number
- 7146015001
Parking Features
- Assigned
Pool Features
- None
Property Type
- Quadruplex
Road Frontage Type
- City Street
Road Surface Type
- Paved
Roof
- Clay
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 453857360:CRM
Spa Features
- None
Taxarea
- 5500
Tenant Pays
- Electricity
- Gas
Totalexpenses
- 30000.00
Trash Expense
- 0.00
Utilities
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
View
- None
Virtual Tour Url
- https://www.wellcomemat.com/mls/56ol2468f1211mfm8
Water Sewer Expense
- 100.00
Water Source
- Public
Year Built
- 1925
Year Built Source
- Public Records
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com












































































