111 E 67th WAY Long Beach, CA 90805
6,473 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID OC24239230
Construction Status Additions/Alterations,Building Permit,Updated/Remodeled
HOA Y/N No
Year Built 1929
Lot Size 6,473 Sqft
Property Sub-Type Triplex
Property Description
Now offered at $1,299,000, this fully permitted 3-unit property is back on the market after falling out of escrow due to FHA restrictions — not due to property condition. The new price reflects exceptional value for investors or hybrid buyers seeking strong cash flow and minimal maintenance. All units are upgraded or newly constructed with permits and high-quality systems.
A rare opportunity to own a luxurious and fully rebuilt three-unit income property in North Long Beach — perfect for families seeking multi-generational living or investors seeking strong returns. All upgrades were completed with permits and attention to detail, delivering both lifestyle and long-term value.
Live in one unit and collect rent from the other two to offset your mortgage — or lease all three for high-yield passive income.
Property Highlights:
• Rebuilt Front Home (3BD/2BA): Modern finishes, open floor plan, double Milgard windows, new roof, HVAC, electric, and plumbing
• Brand New ADU (2BD/2BA): Detached, private entry, lighted mirrors, stone-accented bathrooms
• Brand New JADU (1BD/1BA): Stylishly designed with stone shower walls and efficient layout
All units feature:
• Independent electric and gas meters
• Modern kitchens with new appliances
• In-unit washers and dryers
• Beautiful landscaping with fresh lawn, fruit trees, and 4-car parking
• Private front yard areas for each unit — perfect for gardening or outdoor dining
Pro Forma Rent Roll:
• Front House (3/2): $4,300
• ADU (2/2): $3,300
• JADU (1/1): $2,200
Projected Monthly Income: $9,800
Estimated Cap Rate: 7.3%
Low operating expenses due to all new systems
Note: FHA financing not eligible due to property classification and self-sufficiency rules. Ideal for conventional, DSCR, or cash buyers.
Video Tour: https://vimeo.com/1036491765?share=copy#t=0
Property Website: https://111East67thWay1818171mls.f8re.com/
https://111East67thWay1818171mls.f8re.com/
https://vimeo.com/1036491765?share=copy#t=0
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR1N
Interior
Interior Features All Bedrooms Down
Heating See Remarks, Zoned
Cooling See Remarks, Zoned
Flooring See Remarks
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Water Heater, Dryer, Washer
Laundry Laundry Closet, Stacked
Exterior
Parking Features Gravel, Gated, No Driveway, Paved, Private, One Space
Garage Spaces 4.0
Garage Description 4.0
Fence Security, Wrought Iron
Pool None
Community Features Curbs
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Common Roof
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Garden, Sprinklers In Rear, Sprinklers In Front, Lawn, Sprinkler System
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories One
New Construction No
Construction Status Additions/Alterations,Building Permit,Updated/Remodeled
Others
Senior Community No
Tax ID 7304009021
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Virtual Tour https://111East67thWay1818171.f8re.com/
