Long Beach CA Multi Family for Sale
$4,500,000
448 Orange Avenue Long Beach, CA 90802
- Type:
- Apartment
- Sq.Ft.:
- 8,486
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.28 Acres
- Year built:
- 1923
- Baths:
- MLS#:
- PW24114256
- Subdivision:
- Alamitos Beach (AB)
ADDITIONAL INFORMATION
Nestled in one of Southern California's most eclectic and vibrant cities, Long Beach, California, this timeless Spanish apartment building is a true gem. Less than half a mile from the Pacific Ocean, this property boasts 22 charming units, offering a mix of one-bedroom and studio apartments. Located in the heart of the Alamitos Beach and the Downtown area, residents enjoy a dynamic neighborhood characterized by extensive renovations, trendy restaurants, and stylish living spaces. This locale perfectly blends the charm of classic architecture with the allure of modern amenities, making a unique and enriching urban lifestyle. Huge 300-foot-deep lot.
$3,195,000
315 Cherry Avenue Long Beach, CA 90802
- Type:
- Mixed Use
- Sq.Ft.:
- 6,392
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1923
- Baths:
- MLS#:
- SB24022524
- Subdivision:
- Alamitos Beach (AB)
ADDITIONAL INFORMATION
Charming, turnkey, and in a prime location – this is the generational asset you have been looking for! This clean and well-maintained 8-unit property consists of six 1bed/1bath units (over 900 sqft each) and two studio units with four garages. All the units are large, allow for a ton of natural light inside, have great layouts with cool original features (like French Doors, custom built-ins, fire places, etc.). Plus, the vintage character of this classic Spanish style property has been meticulously preserved, while modern amenities have been added over time like laundry units, AC/Heating units, modern kitchens, lighting, ceiling fans, etc. in each unit. The entire property is secured, has drought-resistant landscaping, and has separate electrical and gas meters for each unit. Located within Alamitos Beach, this highly sought after neighborhood of Costal Long Beach is in close proximity to the best the city has to offer – local parks (Carroll & Bixby Park), local beaches (Alamitos & Junipero Beach), local restaurants (4th Street Corridor & Retro Row), local golf courses, public transportation, etc. Plus, this neighborhood is securely anchored by the thriving local economy that continues to grow within Downtown Long Beach. For the savvy investor, the potential may exist to convert the garages into two studio units and/or to add additional bedrooms/ bathrooms to the existing large 1bed units. Also, one might consider a short-term and/or mid-term rental strategy to boost the income even more. This perfect combination is what every tenant is looking for in this area, which keeps vacancy rates low and market rental rates as high as possible – making this a great addition to any investors portfolio!
$4,325,000
338 Cedar Avenue Long Beach, CA 90802
- Type:
- Mixed Use
- Sq.Ft.:
- 10,150
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1918
- Baths:
- MLS#:
- PW23183991
- Subdivision:
- Downtown (DT)
ADDITIONAL INFORMATION
338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 10.98 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers.The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.
$8,700,000
527 W 3rd Street Long Beach, CA 90802
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1929
- Baths:
- MLS#:
- CRPW23051137
View additional info
Courtesy: Keller Williams - Santa Monica
ADDITIONAL INFORMATION
527 W. 3rd Street is a 36-unit apartment asset in prime Downtown Long Beach. The property features a mix of four (4) 1BD / 1 BA, (27) studios, and five (5) micro studios. Many of the units have been renovated with designer fixtures and finishes, including new countertops, cabinetry, tile and flooring in the kitchens and bathrooms, stainless steel appliances and lighting. The secured access building offers a bright, spacious entryway, new carpet and paint in hallways, and on-site laundry facilities. With its prime West Gateway location, the property provides convenient access to the newly redesigned Lincoln Park, an integral part of the 22- acre, $520 million Civic Center redevelopment project. The Long Beach Civic Center Master Plan includes a 270,000-square-foot City Hall, 93,500-square-foot landmark Main Library, updated bike/bus/Metro Blue Line transit system, design guidelines for 800 residential units, and vibrant amenities across the revitalized Downtown area. 527 W. 3rd Street presents a new buyer with a beautifully renovated asset in a highly desirable Long Beach location at 12.89 GRM on actual rents.
Long Beach Real Estate
The median home value in Long Beach, CA is $739,900. This is lower than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Long Beach, CA is $739,900. Approximately 38.38% of Long Beach homes are owned, compared to 56.31% rented, while 5.31% are vacant. Long Beach real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Long Beach real estate agent to arrange a tour today!
Long Beach, California 90802 has a population of 466,565. Long Beach 90802 is less family-centric than the surrounding county with 26.94% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Long Beach, California 90802 is $71,150. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Long Beach 90802 is 35.9 years.
Long Beach Weather
The average high temperature in July is 79.4 degrees, with an average low temperature in January of 46.4 degrees. The average rainfall is approximately 13.6 inches per year, with 0 inches of snow per year.