Long Beach CA Multi Family for Sale

ADDITIONAL INFORMATION

1323 Dawson Avenue is a 12-unit apartment asset in Long Beach, California. The property is offered at 11.12 GRM and 5.60% Capitalization Rate on current rents. The property is comprised of 10 Studio’s and two one-bedroom apartments, with most of the units being single story construction. Parking is off site and utilities are master metered, providing additional income upside through the implementation of a RUBS program. With a market rent Capitalization Rate above the 6% range and a Market GRM in the mid 10’s, this property offers a strong cash flow investment opportunity.

ADDITIONAL INFORMATION

Welcome to 4252 Pasadena Ave in the heart of Long Beach! This is more than just a home—it's a remarkable investment opportunity on a stunning tree-lined street. This flex property includes two full-sized homes on one lot: a fully remodeled 3-bedroom, 2-bath front house and a newly constructed 3-bedroom, 2-bath ADU in the rear, both offering a wealth of possibilities. The front house underwent an extensive remodel in 2022, including a beautifully designed master suite addition. Almost 70% of the property is brand new, adhering to the latest building codes with full permits, certifications, and energy-efficient features, ensuring peace of mind for years to come. Designed with flexibility and luxury in mind, the property offers endless possibilities: Live in the front home and use the back ADU as a full-size home office or additional rental unit. Rent one of the homes for passive income while enjoying the other yourself. Convert the spacious addition into a Junior ADU, perfect for additional rental income or extended family needs. The design and materials used are truly exceptional, inspired by the luxury of the ACE hotel. You’ll find herringbone ceramic flooring, custom graphic tile bathrooms, steel barn doors, powder-coated closet fixtures, and even an imported wood façade from Borneo. Every element is high-end, combining beauty with smart, functional design, such as dual-pane Low-E windows, PAID solar panels, and sustainable water management with LID water-conserving planters and permeable pavers. This property is an absolute gem for investors, young professionals, or families looking to create a home with both equity-building potential and versatile living arrangements. With separated gas and electric panels for easy accounting, and smart energy-saving measures throughout, the opportunities are endless. Whether you’re looking for a turnkey duplex, triplex, or simply a luxury home with rental potential, you won’t find another property like this. Don't miss out on this once-in-a-lifetime opportunity—schedule your tour today!

ADDITIONAL INFORMATION

Beach Duplex Located steps from the sand, 12 Argonne Ave. Unit A: This is the upstairs 2bed/1bath unit. This unit has ocean views and includes, a fireplace, hardwood, tile & vinyl flooring, ample kitchen cabinetry, stainless steel sink, dishwasher, gas range stove & oven with hood, refrigerator, ceiling fans, bathroom vanity and shower with tile flooring & backsplash. Unit B; Downstairs is a Studio Unit with Ocean Views, Fireplace, Kitchen, Bathroom with Shower. There is a 1 car garage with shared washer/dryer for both units. Plenty of street parking. Easy access to 2nd street and the beach conveniently located right across Ocean Avenue.-Happy New Year & Welcome to your new investment and/or Home!

ADDITIONAL INFORMATION

Delight in the charm of Long Beach with this four-unit income property located in the Bixby Knolls area. Nested in a tree-lined street with a mix of homes, condos, and other small income properties, this excellent investment opportunity awaits. The property showcases two one-bedroom units and two single units. Residents benefit from designated parking and convenient on-site laundry facilities. A prime location offers easy access to a variety of amenities including Trader Joe's, local businesses, and casual and fine dining options. Enjoy a walkability score of 90 combined with convenient proximity to transportation, fantastic bikeability, and stress-free freeway access. Nearby parks include Scherer Park, Bixby Knolls Park and Somerset Park. Currently the upper one bedroom is vacant, providing a fantastic chance for a buyer to occupy and have their mortgage paid. This is a property that delivers a perfect blend of convenient location, desirable living space and an investment opportunity for a 1031 exchange, first time buyer or move up investor.

ADDITIONAL INFORMATION

Property is a permitted Duplex 1435 & 1439 Pine Ave, PLUS there is a bonus structure in the back that is a perfect for a Studio Unit. Buyer can check with the city as there is a potential to add an additional unit and make this into a Quad as there is the room to do so. As it sits, you can expect a 6% CAP Rate. This is a great opportunity to buy to live in the front house and rent out the others. Front House boasts 3 generous bedrooms with two baths with one being an En-Suite, gleaming new laminate flooring throughout, new tiled flooring and custom tiled showers, expansive living area perfect for all gatherings that opens to a new gourmet island kitchen adorned with new fixtures and appliances. The ADU is a one bedroom one bath charming cottage with all new finishes including a brand new kitchen. There is a non-permitted Studio that was present and we just remodeled. There is plenty of gated parking to turn this into a Quad as the front house has a one car garage they can access while the back units have gated parking in the rear. In addition to every detail being new on the interior the property was upgraded with New Ext. Paint, New Siding, New Windows, New Roof, New Stucco, New Garage Door, and New Split Unit AC installed all making this a smart purchase.

ADDITIONAL INFORMATION

Introducing 1812 E. Carson Ave, Long Beach – A Prime 4-Unit Investment Opportunity Discover the perfect blend of comfort and practicality with this rare 4-unit property in the heart of Long Beach. Situated on a generous lot with ample parking and versatile garage spaces, this property is designed to appeal to investors seeking stable, long-term value. Property Highlights: Front Detached Home: A charming 2-bedroom, 1-bathroom home featuring a cozy fireplace, interior laundry, and a private setting separate from the other units. Modern Triplex (Built in 1987): Two units are 2-bedroom, 2-bathroom flats, offering spacious layouts. One unit is a townhouse-style 2-bedroom, 2-bathroom residence with both front and rear private patios, ideal for tenants seeking a unique rental experience. Additional Features: Ample Parking: A large lot with tandem garage spaces, accommodating up to two cars per garage. Utilities: Sub-metered for gas and electric, ensuring efficiency and ease for landlords. Desirable Location: Set in a sought-after area of Long Beach, surrounded by local amenities and strong rental demand. On-site laundry room for the triplex tenants. This is the epitome of “bread-and-butter” investing – solid, dependable, and perfectly suited for long-term growth. Whether you’re a seasoned investor or building your portfolio, 1812 E. Carson Ave is a property you don’t want to miss.

ADDITIONAL INFORMATION

Introducing 6089 Atlantic Ave – A Turnkey 4-Plex Investment Opportunity! This beautifully remodeled 4-unit property is a rare gem in Long Beach, offering both newly constructed ground-floor units and fully renovated top-floor units. With a mix of two 3-bedroom, 2-bath units (735 sq. ft. each) and two 2-bedroom, 1-bath units (600 sq. ft. each), this property delivers modern living spaces that are move-in ready. Key Features: All units available for you to take full control by setting new market rents from day one. Using the City of Long Beach Housing Authority payment standards, the projected annual income is $139,608. Strong Financials: Enjoy a projected cap rate above 6.5% and a gross rent multiplier of 10.5, based on potential market rents. Turnkey Condition: All units have been upgraded with top-to-bottom renovations, including in-unit laundry hookups and energy-efficient mini-split systems. Parking: Ample parking is available in both the front and rear of the property. Zoning & Development Potential: This property is situated in an RMU-3-A zoning area, allowing for high-density residential development. Options include: Re-permit the ADU as a primary unit by paying applicable fees. Add up to 3-4 detached ADUs in the front or center open spaces for additional rental income. Maximize Density: Explore the potential to develop 30-50 units with density bonuses, making this property an excellent covered land play for future growth. Whether you’re looking for a fully renovated, income-generating property or a site with incredible redevelopment potential, 6089 Atlantic Ave checks all the boxes. Don’t miss this unique opportunity to invest in Long Beach's thriving real estate market. Contact us today for more details or to schedule a showing!

ADDITIONAL INFORMATION

Permitted single story triplex with excellent upside potential! All three units are currently rented, offering a solid foundation for strong cash flow. Units A and C are 2-bedroom, 1-bath layouts, while Unit B is a 1-bedroom, 1-bath unit. Units A and C also come with separate 1-car garages, adding extra rental value and appeal. This property presents a fantastic opportunity for investors looking to maximize returns in a highly desirable market.

ADDITIONAL INFORMATION

Investment Opportunity: Spacious 4-Unit Building in the Heart of an Up-and-Coming Neighborhood! Welcome to your next apartment investment located just south of Signal Hill and within a short 2-mile radius of the stunning beaches. This prime property offers not only a sought-after location but also incredible potential for growth in an area currently undergoing rezoning for additional apartment density. Key Features: - Unit Mix: This well-maintained building consists of 4 units, featuring 1 expansive 3-bedroom apartment and 3 comfortable 2-bedroom apartments. The generous unit sizes are a standout feature, providing tenants with ample space and modern living comfort. Nestled in the vibrant and up-and-coming neighborhood, this property is strategically positioned for optimal access to both the bustling city life and the tranquil beachfront. Residents can enjoy the best of both worlds.

ADDITIONAL INFORMATION

5 Unit apartment building on a large 6,800 SF lot in Long Beach! This property has 2 buildings, a front house consisting of a 4 Bedroom / 2 Bath ~1,398 SF and a separate back building ~ 2,100 SF consisting of 4 ALL 1-Bedroom/1-Bath units! This property has on ONSITE laundry room that brings in additional income! Parking for about 7 cars onsite! This property currently brings in $8,629/month in gross rental income. Currently operating at a CAP rate of 5.1 CAP and 12.6 X GROSS! This is great investment opportunity with upside potential through renovations/rent increases. Located close to downtown Long Beach, shopping and restaurants and offering easy access to Alamitos Beach, 4th Street!

ADDITIONAL INFORMATION

STOP THE CAR..TWO HOUSES ON THE SAME LOT.... BACK HOUSE HAVE IT'S OWN ADDRESS 1157 1/2 Make this Your First income Property or just your Home with additional Income . The Best way to make your Money work for you. Live in one Rent THE 2ND HOUSE OUT. This Property is in North Long Beach and a very Desirable Neighborhood. The Front Home Boasts 3 Very Large Bedrooms, Huge Dine in Kitchen with plenty of cabinets for Ample storage and 2 extra large Bathrooms Both with Bathtubs IT ALSO HAVE A BONUS ROOM and inside Laundry, One car attached garage with long Driveway for extra Parking. The Back HOUSE Which is Permitted is 2 Bedrooms at APPROXIMATELY 900 Sq. Ft and 1 3/4 bathrooms. There is an Additional 2 car garage in the Back, and a Bonus room which is attached to the garage. This property can be a Money Maker. It"s equipped 2 Electrical Meters for easy Billing and 2 Gas Meters Front house pays water Bill and Land Lord pays the water for back House Don't Miss out Lets Chat.

ADDITIONAL INFORMATION

A great income-producing property consists of two buildings. A front single-family home that has 2 beds and 2 baths with a good-size family room and a kitchen. A Duplex built in 2008 in the back has one 2 bed and 2 baths unit and a 3 bed and 3 baths unit separated by one common wall. All units come with a 2-car garage and extra parking spaces. All units have separate utility meters for water, gas, and electricity. An excellent income property located behind St Mary's Hospital of Long Beach less than 2 miles away from the Aquarium of the Pacific.

ADDITIONAL INFORMATION

Prime Mixed-Use Investment Opportunity in Downtown Long Beach Located in the vibrant East Village of Downtown Long Beach, this mixed-use building offers an exceptional investment opportunity. Situated on Elm & Broadway, just two blocks from the Long Beach Convention Center and steps from the bustling Pine Avenue with its restaurants and nightlife, this property is in the heart of a high-demand area with significant potential. The building consists of four commercial business tenants on the ground floor, generating reliable income, along with 11 rented residential units above—10 studios and 1 one-bedroom—currently on month-to-month leases. Note: 10 of the residential units do not have private bathrooms 2 are shared upstairs. With a solid CAP rate over 6%, this property offers a strong return on investment. All units are due for increases as soon as the new owner decides. The units above have a motel designation, offering future flexibility for potential conversion. This property is professionally managed, ensuring ease of ownership and maintenance. For buyers interested in converting the units to a motel or renovating, new management services will be available to facilitate a smooth transition and maximize the property’s potential with rent increases and renovation. The building itself is a beautiful brick structure, adding to the character of the East Village while providing a robust and low-maintenance asset for the investor. This is an excellent opportunity to acquire a mixed-use property in one of Long Beach’s most vibrant areas. Buyer to verify all details, including the motel designation with city permitting and financials.

ADDITIONAL INFORMATION

Prime Investment Opportunity: Entitled 11-Unit Development with Existing Cash Flow in Long Beach This is a rare and highly attractive opportunity to acquire a stabilized 6-unit multifamily property situated on an oversized lot already entitled for an additional 5 units—bringing the total future unit count to 11 units. Upon completion, the project is projected to be valued at over $6,000,000, making this a compelling investment with significant upside potential. Key Highlights: Turnkey Existing Units: 5 of 6 units fully renovated with brand-new systems throughout the property, ensuring minimal immediate capital expenditures. Unit Mix (Existing 6 Units): (4) 1 Bed / 1 Bath (1) 2 Bed / 1 Bath (1) 2 Bed / 2 Bath Entitled 5 Additional Units: Development-ready plans for modern units: (2) 3 Bed / 2 Bath units with grade-level parking (3) 4 Bed / 3 Bath townhome-style units, also with grade-level parking Financial Performance: Stabilized Gross Income: Projected to generate nearly $37,000 per month upon full build-out. Strong Cap Rate: Stabilized at a 6.75% Cap Rate on cost. Attractive GRM: Achieves a 10.74 GRM on cost, underscoring strong investment fundamentals. Significant Profitability: Projected end value exceeds $6,000,000, providing exceptional upside in one of Long Beach’s hottest rental markets. Conservatively underwritten profits of $1.2M+ make this an ideal low-risk, high-reward investment. Strategic Investment Benefits: Immediate Cash Flow: Benefit from consistent cash flow during the development process with income from the stabilized 6 existing units. Low-Risk Development Play: Existing units offset holding costs, while entitled plans minimize entitlement risk. High-Demand Location: Situated in Long Beach, a thriving rental market with strong tenant demand and long-term appreciation potential. This property offers the best of both worlds: stable cash flow today and exceptional upside tomorrow. With a clear path to development and substantial projected returns, this is an opportunity that investors and developers alike will not want to miss.

ADDITIONAL INFORMATION

Great Cash-Flow Deal! Located just outside of booming Downtown Long Beach, 1409 Magnolia Ave is a 6 unit building with a high bed count including (3) 3Bed/1Bath, (2) 2Bed/1Bath, and (1) 1Bed/1Bath units. The property currently grosses $13,251/month and operates at a 7% CAP and 10.25 GRM assuming the current vacant 3 bed rents at market rate. Opportunity to build 2 ADU's in the 4 attached garages. While still maintaining 5 detached parking spaces bringing the cap rate to 9.24% The subject property is located just outside the $6 Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Project, CSULB Downtown Village, Broadway Block, the Pacific and Queen Mary Island. OM in the supplements.

ADDITIONAL INFORMATION

Fantastic investment opportunity in the heart of Long Beach! This is a well-maintained duplex in a strong rental market, just blocks from St. Mary’s Hospital, Metro, Downtown Long Beach, and the Ocean. The property consists of two 2 bed/1 bath, each unit is about 1,000+ sq ft, with laundry hook-ups and off-street parking. This income property has a 22% upside potential. Make an offer Today!

ADDITIONAL INFORMATION

305 Coronado Avenue is a 16-unit apartment building in the highly desirable Bluff Heights neighborhood of Long Beach, California. The building is a charming 1948 construction with a mix of eight studio and eight one-bedroom units, many of which have been remodeled. Unit interiors boast refinished hardwood flooring, modernized kitchens and baths. The property also offers private patios, on-site laundry, and storage options. 305 Coronado Avenue is in a great rental location steps to an elementary school, within easy walking distance of popular restaurants along Broadway, a half-mile to Bluff Park and the beach, and proximate to Second Street dining, retail and entertainment. The property boasts strong in-place rents with four percent potential upside, and furthermore, a RUBS program significantly recoups utility expenses. 305 Coronado Avenue is an excellent acquisition opportunity for any investor looking for strong in-place cash flow and great location in a desirable coastal rental market.

ADDITIONAL INFORMATION

3024 East 3rd Street is a remodeled 15-unit apartment building in Long Beach, California’s desirable Bluff Heights neighborhood. The property boasts three new ADU’s and a unit mix of three studios, 11 one-bed/one-baths, and one two-bed/one-bath. The building also offers on-site laundry. 3024 East 3rd Street is in an excellent rental location in the Bluff Heights neighborhood, known for its historic homes and tree-lined streets, one block to an elementary school, within easy walking distance of popular restaurants along Broadway, and a half-mile to Bluff Park and the beach. This offering is an outstanding investment opportunity for any investor looking for an asset in great condition in a strong coastal rental market, and 14 percent rental upside offers growth potential.

ADDITIONAL INFORMATION

**SELLER FINANCING AVAILABLE**Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Welcome to 1470 Martin Luther King Jr., a charming Duplex nestled just a 10 drive from the sun-kissed shores of Long Beach. This property offers an excellent investment opportunity, combining coastal living with convenience. The home features 2 units, 2 bed and 1 bath Each with ample parking. City Living at Its Best: Long Beach offers cultural events, art galleries, shopping, and entertainment—all within easy reach. Whether you're a seasoned investor or a first-time buyer that is looking to live in one and rent the other. Don't miss out on this fantastic opportunity!

ADDITIONAL INFORMATION

Charming Triplex with ADU Potential and Unique Incentives! Welcome to 2485 Pasadena Avenue, a rare opportunity to own three homes on one large lot in a convenient and desirable location. The front home, a classic Craftsman, was originally a 2-bedroom, 1-bath but has been thoughtfully reconfigured into a functional 3-bedroom layout. It includes a detached single-car garage for added utility. In the rear of the property, you’ll find two additional Craftsman cottages, each offering 1 bedroom and 1 bath. All three homes feature their own enclosed private yards, perfect for outdoor living or pets. The property also boasts a spacious driveway with room for up to six cars parked tandem, making it ideal for tenants or guests. With so much extra space, there’s exciting potential to add an ADU to maximize rental income or create a guest suite. Gas and electric are individually submetered. To top it off, this property qualifies for City National Bank’s $50,000 grant—a fantastic opportunity for eligible buyers. Don’t miss your chance to own this unique multi-unit property. Contact the listing agent for more details or to schedule a private showing!

ADDITIONAL INFORMATION

Great investment property featuring two 1 bedroom 1 bath units along with a front studio. Located in N. Long Beach close to freeways, shopping, schools, parks, and minutes to the beach.

ADDITIONAL INFORMATION

Investment Opportunity; 7-Unit Property Near Downtown Long Beach. This 7-unit property is an excellent option for investors looking to maximize rental income. Located near downtown Long Beach, it is surrounded by numerous apartment buildings, ensuring a steady demand for housing in the area. The property includes four vacant units, ready to be rented at market rates, offering immediate income potential. Each unit features 1 bedroom and 1 bathroom, making them highly attractive to a wide range of tenants. Conveniently located near public transportation, shops, and local amenities.

ADDITIONAL INFORMATION

Presenting a prime investment opportunity in the heart of Long Beach's vibrant Eastside neighborhood! This fully renovated 9-unit property, originally built in 1961 and beautifully updated in 2019, offers 6,706 sq ft of living space on a 6,534 sq ft lot. The complex features 2 one-bedroom/one-bath units and 7 two-bedroom/one-bath units, all meticulously renovated with modern wood-style flooring, quartz countertops, Shaker-style cabinetry, stainless steel appliances, and designer fixtures. Located just two blocks from the bustling Fourth Street/Retro Row, this property boasts excellent walkability and access to a diverse array of shops, restaurants, and entertainment. With a current NOI of $152,215 and a strong occupancy rate, this turnkey investment promises strong returns in a highly desirable location.