1671 Park Avenue, Long Beach, CA 90815

No rent control! Incredible investment opportunity in the Circle area of Long Beach.  The property comprises a two-bed, two-bath single-family residence (owner occupied) and the recently built multi-family triplex.  The tri-plex was completed in 2015.  Each unit is highly spacious and has the custom feel and appearance more of a condominium than an apartment.  The three units consist of a two-story, three-bed, three-bath, of which the lower bedroom has been converted into a Junior ADU. The other two units consist of a two-bedroom, two-bath unit, and a one-bedroom, two-bath unit.  All units, including the house (except the Junior ADU), have two-car garage parking.  Each unit has a built-in laundry, a tankless water heater, central air, a private balcony, and a separate electrical, gas, and water meter.  In addition to the three units, an adjacent common area bonus room is plumbed with a kitchenette and could easily be converted into an additional Junior ADU rental unit.  The single-family residence has been re-modeled, and the roof on both structures is less than ten years of age. This is a substantial area for rental income, and this property delivers!