Duplex with ADU Potential- North Long Beach

143 W 67th Wy, Long Beach, Ca 90805

Asking Price: $895,000

*This property is located in a census tract that qualifies for a $50K grant!*

Property Details

Two homes on one lot on a quiet street in North Long Beach. Perfect opportunity for an owner occupant or investor.

The front unit is a spacious 3bed/2bath house with an attached garage, laundry hookups, and private front and side yard. The unit will be delivered vacant and has just undergone a full renovation. Renovations include: high quality vinyl flooring, refaced kitchen cabinets, and new stove. The majority of the home has upgraded double pane vinyl windows. The bathrooms were given a full overhaul with new tile surround, new vanities, and more. All new paint throughout.

The back house features 4beds/2baths with an attached garage and a private front yard. The unit is currently occupied and there is over 39% upside in rent for a new owner to capitalize on. There is also potential to convert part of the unit into an ADU. Buyer to do their own investigations regarding ADU potential.

  • Living Area: 2,632 sqft  
  • Lot Size: 6,661 sqft
  • Year Built: 1939 & 1948 
  • Price/ sqft: $340
  • Current Gross Rent: $63,158/ year 
  • Market Gross Rent: $73,200/ year 
  • Current GRM: 14.17
  • Market GRM: 12.23

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