901 Walnut Ave, Long Beach, CA 90813

Property Description

Rare Investment opportunity located in Historic Craftsman Village! Fantastic corner lot location consisting of a traditional Craftsman home with beautiful architectural lines & a gracious front porch on Walnut Ave., along with a recently remodeled Duplex consisting of 2 (1x1) Units plus a separate studio located on the 9th st side of the lot. So many possibilities, along with a huge upside potential on the rents! All of these have long term tenants of 3 plus years or more. This could go as an owner user who would want to remodel the House and live in it, or for the investor looking for a nice addition to their portfolio, or for the investor who would want to remodel the front house as well as the studio for resale. Multi unit remodels in the area are going up right now due to the lack of inventory. This really is a must see as these do not hit the market very often. The Duplex was fully remodeled in 2015 with permits. Please note that interior photos are of the duplex upon its remodel prior to being occupied. There is also a fully transferable Oil & Gas lease that will provide approx $2000 annually of passive income. Showings will be conducted on weekends only, so call listing agent to schedule your showing today.