242 E Del Amo Blvd, Long Beach
Rare opportunity to acquire a move-in ready triplex offering exceptional flexibility for owner-occupants and investors alike. This property features a separate 2-bedroom, 1-bath single-family home along with a duplex consisting of a studio unit on the ground level and a 1-bedroom unit on the second floor. All units are well maintained and in rent ready condition. The detached 2-bedroom home includes in unit laundry hook up and an attached single-car garage, while the property also offers two additional uncovered parking spaces for added convenience. Individually metered for gas and electricity. One water meter per building. The new owner has full control over tenant selection, rental strategy, or personal use from day one. Immediate possession is available. The versatile unit mix appeals to a wide range of tenants and supports long-term rental demand. This property is ideal for a house-hacker looking to offset their mortgage or an investor seeking strong income potential. See private remarks for current tenancy status.
Property Details
- Units: 3
- Gross Rent Multiplier: 12.91
- Cap Rate: 4.4
Download Offering Memorandum
Contact Listing AgentPrice
$875,000
Annual Income
$67,200
Annual NOI
$38,767
Annual Expense
$25,674
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 2 | 1 | $0 | $0 | $2,300 | $2,300 |
| 1 | 1 | 1 | $0 | $0 | $1,800 | $1,800 |
| 1 | 0 | 1 | $0 | $0 | $1,500 | $1,500 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 3 | 3 | 3 | $0 | $5,600 |
Let’s Discuss This Property
Please fill out the form below and we’ll get back to you as soon as we can.








