You have the option to purchase the mineral rights to 20 Lindero Avenue Long Beach when you buy the home. The mineral rights are a negotiable item with this Bluff Park historic district home.
Long Beach Home Offers New Owner the Option to Mineral Rights
How would you like that additional income every month at Bluff Park house? The home at 20 Lindero is the one to consider. The oil company is currently paying the owner between $2000 to $2150 a month. When we write an offer on your behalf, I suggest asking for proof of payments from the seller for the past 6 to 12 months so you can confirm the income that is coming to the owner from the oil company.
Plus, this is a duplex. There is a one bedroom, one bath rental over the garage in the backyard.
20 Lindero Ave Long Beach One House from the Sand
Sure the house needs some work to update it…not a problem…most new homeowners will fix up the home when they buy it anyway. I don’t know too many that buy the home and just move in. I know it happens but most of my clients will do something to the house when they move in.
What does the 20 Lindero Look Like?
Just click on the link below to view details of the former California Governor’s Mansion:
You are Invited to Our Bluff Park Home Tour Saturday and Sunday
We are having a Bluff Park Home Tour on it today, January 11th and 12th, 2014 from 1:00 pm to 4:33 pm at 20 Lindero Ave, Long Beach California 90803. If you are interested, please come by and visit us or call 800-300-6126 to schedule a preview of this house. Look for our Home Tour directional signs.
Map of 20 Lindero Long Beach CA 90803
How Long will the Mineral Rights at 20 Lindero Ave Continue to Pay You an Income?
No one really knows how long it will last. The amount varies per month and there is no guarantee it will last forever. I’m sure the owners are enjoying receiving the monthly income right now….(smiles).
We look forward to seeing you at 20 Lindero today or Sunday.