Property Detail

Description

NEW PRICE! Rare Bluff Park Spanish Estate Live in the 4-Bedroom Owner's Residence While Three Additional Homes Generate Rental Income! Just two blocks from the beach with water views, this exceptional Spanish estate offers something increasingly difficult to find in coastal Long Beach: the lifestyle and privacy of a substantial single-family residence combined with three separate income-producing homes. The expansive 4-bedroom, 2.5-bath owner's residence serves as the heart of the property and features a fireplace, HVAC, whole-house stereo, private laundry, two-car garage and secluded patio with built-in seating and BBQ. Surrounding the main residence are three beautifully updated 1-bedroom, 1-bath homes, each with dedicated office space, updated kitchen and bath, hardwood floors and private outdoor space. The three residences currently generate a combined $6,995 per month in rental income, creating an exceptional opportunity for an owner-user to help offset ownership costs while enjoying the main residence. Or imagine the possibilities for multi-generational livingparents, adult children, extended family or long-term guests can live close while still maintaining their own private residences .More than $700,000 has been invested in renovations and improvements, including plumbing, electrical, HVAC systems, windows, landscaping, patios, garage reconstruction and seismic retrofitting, while carefully preserving the property's original Spanish character, restored hardwood floors, custom built-ins, crown molding and architectural details. Additional features include four garag