$ 2,125,000
-
$2,125,000
Price -
4
Bed -
4
Bath -
2,129
SqFt
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Open House Times
- Sun. Feb. 01 at 1:00pm to 3:00pm
About the Listing 0173 - Phuijua
Coming 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 Beach’s 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)
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Ductless
- Heating: Fireplace(s)
- Fireplaces: Living Room
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: All Bedrooms Down,Utility Room
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Corner Lot,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof: Clay
- Others: Frame,Stucco,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7146015001
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1168 E 37th Long Beach, CA 90807
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