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Listed by tleeson@marcusmillichap.com - Tyler Leeson - DRE #01451551 - Marcus & Millichap RE Invest 949-419-3200

$3,100,000

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1660 Park Avenue Long Beach, CA 90815

Apartment Residence

Beds

Baths

7,551 Sq. Ft.

0.18 Acre Lot

Property Activity

Time on Site

days

Days on Market

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Last updated on 9/28/2024 4:09 AM

Listing Details

1660 Park Avenue is a 9-unit multifamily investment property located in Long Beach, CA. 1660 Park Avenue offers a highly desirable mix of exclusively two-bedroom units averaging 839 square feet. The property features amenities including 4 single-car garages, each with a tandem surface space, screen ...doors, and an on-site laundry facility. Current ownership has recently invested significant capital into upgrades including a new roof and an upgraded main sewer line. 1660 Park Avenue is situated in the highly sought-after Park Estates neighborhood of Long Beach. Residents enjoy the property’s prime Long Beach location, with an abundance of hot spots within a 1.5-mile radius of the property. The property is within walking distance of numerous major retail centers surrounding the Los Alamitos Traffic Circle. Additionally, the property is situated in close proximity of both California State University, Long Beach and the Timor Rubin VA Medical Center, two major housing and employment drivers for the city. Furthermore, the property’s close proximity to Recreation Park and the Alamitos Bay provides residents with easy access to an abundance of recreation and leisure activities. The property’s ideal Long Beach location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1660 Park Avenue. Continue reading

MLS#

OC24187219

Property Type

Apartment

Status

Year Built

1961

Square Feet

7,551 sq. ft

Lot Size

0.18

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