3116 E 15th Street

Long Beach, CA 90804

The front house of this triplex boasts three bedrooms and one & half bathroom, and is a 1920s bungalow with a lengthy driveway and a single-car garage (you can park up to 3 cars on the driveway). The back duplex features two 2-bedroom, 1-bathroom units that were built in the late 1980s and has parking available for up to 4 cars. The front house has copper plumbing and forced air heating, and the front unit tenants take care of their own garden, which eliminates the need for a gardener. The property was remodeled in 2020 and has washer and dryer hookups available inside. One of the back units, 3118A, is currently occupied by long-term tenants, while the other, 3118B, was recently renovated in June 2022. The property is separately metered for gas and electricity, and the owner is responsible for paying for water and common area electricity. A new drain has also been installed from the house to the street for the entire property. This triplex would be an ideal investment opportunity for either an investor or a homeowner looking to rent out the other units. Its location is highly desirable due to its proximity to freeways, colleges, and shopping centers. However, it should be noted that the rental income for the 2-bedroom units is currently low because of long-term tenants.

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