ActiveResidential · sale

6702 E El Progreso Street

Long Beach, CA 90815

$1,495,000

  • 3 beds
  • 2 baths
  • 1,809 sq ft
  • 0.17 acres
  • Built 1952

Listed by Real Estate Source, Inc. · MLS #PW26162452

6702 E El Progreso Street, Long Beach, CA 90815 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1952.

Garage parking

2 garage spaces listed.

Property size

0.17 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

This 3 BD 2 BA midcentury ranch home PLUS 1 BD1 BA ADU is located on a Northfacing corner lot within the Plaza community This locale offers many amenities You can enjoy weekends relaxing at El Dorado Park bikingjogging on nearby paths golfing beach shopping and so much more You will be in awe as this home boasts many upgrades and attributes throughout its fantastic floorplan that stand out from other homes As you open the entry door and are welcomed into the foyer youll realize this is the ONE Take steps into the large living room that features a woodburning fireplace with a modern facade original wood floors and flooded with natural light The large remodeled kitchen showcases a modern design of high gloss white frameless softclose European style cabinets deep stainlesssteel sink ALL NEW stainlesssteel appliances including a double oven with a convection oven beautiful quartzite countertop that compliments well with the surrounding color palette The dining area sits conveniently off the kitchen The casual lounging area is open airy with lots of large double pane windows It also provides direct entry into the twocar garage Double sliding glass door allows great airflow and leads to a relaxing low maintenance backyard Bathrooms within the main home have been renovated with the main bath containing a deep soaking tub Both bathrooms have modern touches and black accents Interior of home is freshly painted in a calming neutral color that will stand the test of time The bedrooms are ready for your individual touches Hallway and all bedrooms display original oak floors in a natural color while the rest of the home features BRAND NEW waterproof vinyl plank flooring The main home has been fully equipped with BRAND NEW HVAC and duct system If you enjoy working on projects then a permitted room sits alongside the garage as a workstationstorage Laundry is conveniently located in a private room that prevents noise interference NEW Accessory Dwelling Unit ADU built 92024 Whether you are looking to have an extension to your main home a home businessoffice or rental unit this offers great potential ADU w private entrance and address 499 sq ft and exhibits details such as an impressive 14 ft ceiling a sun tube ALL NEW appliances in a full length kitchen and an indoor laundry Recent nearby comparable rentals are fetching up to 2500 monthly which is a great source of revenue to offset mortgage payments
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THE NEIGHBORHOOD

Explore the location.

6702 E El Progreso Street, Long Beach, CA 90815

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1952
Full baths
2
Garage spaces
2
Cooling
CentralAir,Ductless,HighEfficiency
Heating
Central,Ductless,Electric,Fireplaces,Wood
Appliances
ConvectionOven,DoubleOven,Dishwasher,ElectricCooktop,ExhaustFan,ElectricOven,ElectricRange,ElectricWaterHeater,Disposal,Microwave,Refrigerator,RangeHood,VentedExhaustFan,WaterToRefrigerator,WaterHeater,Dryer,Washer
Flooring
Vinyl,Wood
Utilities
CableAvailable,ElectricityConnected,PhoneAvailable,SewerConnected,WaterConnected,OverheadUtilities
Fencing
Block,GoodCondition
Pool
No
Pool features
None
Spa
No
Subdivision
Plaza South of Spring (PZS)
Zoning
LBR1N
Parcel
7232019034
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$6,229.17
Cap rate—

Annual operating income: —

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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6702 E El Progreso Street, Long Beach, CA 90815 · MLS #PW26162452

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Listing information

MLS #PW26162452 · California Regional MLS

Listing brokerage: Real Estate Source, Inc.
Listing agent: Karen Caraballo

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.