Long Beach CA Multi Family for Sale
$1,175,000
1435 Pine Avenue Long Beach, CA 90813
- Type:
- Duplex
- Sq.Ft.:
- 2,004
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1921
- Baths:
- MLS#:
- CV24251937
- Subdivision:
- Downtown (DT)
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.
$1,185,000
1615 Cherry Avenue Long Beach, CA 90813
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.17 Acres
- Year built:
- 1949
- Baths:
- MLS#:
- CRPW24251854
View additional info
Courtesy: Y Realty
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.
$1,325,000
1021 12th Street Long Beach, CA 90813
- Type:
- Mixed Use
- Sq.Ft.:
- 3,498
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1910
- Baths:
- MLS#:
- PW24250938
- Subdivision:
- Downtown (DT)
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!
$1,290,000
1125 Linden Avenue Long Beach, CA 90813
- Type:
- Triplex
- Sq.Ft.:
- 3,500
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1905
- Baths:
- MLS#:
- PW24246703
- Subdivision:
- Downtown (DT)
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.
- Type:
- Apartment
- Sq.Ft.:
- 3,992
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1925
- Baths:
- MLS#:
- SB24250411
ADDITIONAL INFORMATION
Great Cash-Flow Deal! Located just outside of booming Downtown Long Beach, 1409 Magnolia Ave is a well-maintained 6 unit building with a high yielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath, and (1) 1Bed/1Bath units. The property currently grosses $13,251/month and operates at a 7.08% CAP and 10.22 GRM. 1409 Magnolia Ave is the ideal investment for investor looking for day 1 cash-flow with significant upside in rental income. 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.
$925,000
811 Lime Avenue Long Beach, CA 90813
- Type:
- Duplex
- Sq.Ft.:
- 2,016
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.05 Acres
- Year built:
- 1919
- Baths:
- MLS#:
- SB24250302
- Subdivision:
- Downtown (DT)
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!
- Type:
- Duplex
- Sq.Ft.:
- 972
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.07 Acres
- Year built:
- 1953
- Baths:
- MLS#:
- CV24248501
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!
$1,799,000
758 Cerritos Avenue Long Beach, CA 90813
- Type:
- Apartment
- Sq.Ft.:
- 4,116
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1959
- Baths:
- MLS#:
- PW24247969
- Subdivision:
- Downtown (DT)
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.
$950,000
1040 Gardenia Long Beach, CA 90813
- Type:
- Apartment
- Sq.Ft.:
- 3,568
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1925
- Baths:
- MLS#:
- SB24246968
- Subdivision:
- Rose Park
ADDITIONAL INFORMATION
Step into a lucrative investment opportunity with this well-located and versatile quadruplex, offering four spacious one-bedroom units with the potential for easy conversion into two-bedroom or ADU possibilities. 2 out of 4 of the units have washer & dryer hookups. Spanning approximately 3,568 square feet of living space on a generous 6,531 square foot lot, this property seamlessly blends 1920s character with modern upgrades, making it an ideal choice for savvy investors or owner-occupants. Built in 1925, the property is zoned LBR2N and boasts recent enhancements to maximize tenant satisfaction and long-term value. The property has street to alley access points with detached garages for tenant storage space. Located in a sought-after Long Beach neighborhood, this property offers strong upside potential for rent growth and increased cash flow. Whether you’re expanding your portfolio or seeking a high-potential investment in a robust rental market, 1040 Gardenia Ave delivers a perfect balance of charm, functionality, and financial opportunity. Don't miss out on this chance to capitalize on Long Beach’s thriving multi-family investment market!
$999,000
441 17th Street Long Beach, CA 90813
- Type:
- Duplex
- Sq.Ft.:
- 1,943
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.05 Acres
- Year built:
- 1930
- Baths:
- MLS#:
- RS24243374
- Subdivision:
- Poly High (PH)
ADDITIONAL INFORMATION
Charming Spanish-Style Duplex with Modern Upgrades Welcome to this beautifully upgraded Spanish-style duplex. Each unit, thoughtfully designed for comfort and functionality, features 2 bedrooms and 2 bathrooms, providing ample space for residents or tenants. Private entry for each unit and each unit comes with a vehicle charging station. Both units shall be delivered vacant at close. Both the downstairs and upstairs units boast sleek, island kitchens equipped with modern appliances, ideal for cooking and entertaining. The interiors are enhanced by spacious bathrooms, walk-in closets, and the convenience of in-unit washer and dryer sets. The exterior showcases low-maintenance landscaping, designed to maximize enjoyment while minimizing upkeep. A private lounge area with a cozy firepit invites relaxation and outdoor gatherings. This duplex is perfect for those seeking stylish living spaces with contemporary amenities and a touch of classic Spanish charm. Ideal for owner-occupants, investors, or multi-generational living. Don't miss this exceptional opportunity!
$1,200,000
920 Cerritos Avenue Long Beach, CA 90813
- Type:
- Triplex
- Sq.Ft.:
- 2,315
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1913
- Baths:
- MLS#:
- PW24236509
- Subdivision:
- Craftsman Village
ADDITIONAL INFORMATION
**Charming Three-Unit Building in Prime Long Beach Location** Nestled just minutes from the beach and vibrant downtown Long Beach, this multi-unit property offers a unique investment opportunity or the perfect live/work arrangement. This sold-as-is building features three distinct units: **3-Bedroom, 1-Bathroom Unit**: This main unit is located at the front of the property and offers a spacious, open layout with modern finishes throughout. The large, well-appointed kitchen and inviting living areas create a perfect cozy family home. With its bright, airy atmosphere and functional design, it provides a comfortable and stylish living experience. **2-Bedroom, 1-Bathroom Unit**: A charming, cozy space perfect for tenants or a smaller family. The unit boasts updated features, ample natural light, and a functional floor plan, ensuring both comfort and convenience. **Owner’s Studio Unit**: A private and well-appointed studio, offering a peaceful retreat with a kitchenette, full bath, and space to live comfortably while being steps from your rental income potential. Property includes two oversized two car garages with alley access and units above. Potentially converting the garages into additional units. Enjoy the best of coastal living, with the beach, dining, shopping, and entertainment. Whether you're looking to expand your investment portfolio or live in one unit while renting the others, this property offers endless possibilities. Don't miss out on this incredible opportunity in one of Long Beach’s most desirable locations!
$1,699,000
1013 Locust Avenue Long Beach, CA 90813
- Type:
- Apartment
- Sq.Ft.:
- 4,693
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1905
- Baths:
- MLS#:
- PW24110123
- Subdivision:
- Downtown (DT)
ADDITIONAL INFORMATION
This is the high cash flow turn key multi-family you have been looking for! Every one of these units have been beautifully remodeled and all have their own private laundry! The rear building has had extensive updates and consist of 4 units offering refinished hardwood floors in some units while others have new water resistant laminate. Other upgrade includes new bathrooms, upgraded plumbing, lovely updated vintage kitchens loads of storage, mud rooms with rear exits and each with their own private laundry hook ups, new light fixtures, stainless appliances installed and much more! All located on a huge lot with large common area for tenants. The front duplex is stunning with a huge owner's unit that is absolutely incredible!! Offering soaring coved ceilings, stunning formal dining room with grand bay window and original huge with pocket doors! The gigantic formal living/family room has to bee seen with faux fireplace with all original built in book shelves. There is even a grand formal entry, gorgeous kitchen that is stunning to say the least with solid surface counter tops, amazing light fixtures offering many new upgrades but some original built-in cabinets remain. There are 2 bedrooms one leading out to a really cool private side patio exclusive to the unit and the other bedroom is on the second floor with an enormous walk in closet with access to an huge attic space and 1.5 baths total! The main floor bathroom is enormous and has been fully remodeled. The duplex has a new roof installed and the rear 4 unit has had white coating with a 5 year warranty for added heat prevention. There is a 1 stall detached garage currently used as storage that has the preliminary approval for an ADU conversion, and the finished plans will be provided to the Buyer! Also, the very unique PD-30 zoning on this particular property could allow you to possibly add MANY more units in the future! (Buyer to verify independently) Truly the possibilities are endless or keep it as it is making great cash flow! All units are separately metered for gas and electric. (All photos were taken after remodel and before tenants moved in, condition may vary)
$1,125,000
1132 Arcadia Court Long Beach, CA 90813
- Type:
- Apartment
- Sq.Ft.:
- 2,886
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1962
- Baths:
- MLS#:
- SB24178774
ADDITIONAL INFORMATION
6.01% current in place cap rate and 10.76 GRM with tons of upside (43% rental upside). Value-Add investors will want to take note of of the ADU opportunity on this asset. RARE 8 parking spaces on this overparked asset. 1132 Arcadia is a perfect asset for a new or experienced investor located at the end of a quiet Culde- sac near the hottest and fastest growing market in LA Counties own in Long Beach. Great unit mix comprised of (2) 2Bed+1Bath and (3) 1Bed+1Bath units, most of which have been lightly renovated in the past 2 years. There are 8 parking spaces on site, adding significant value to the property. Each unit is separately metered for gas and electric. The subject property is located just outside the $6 Billion of new development flooding into Downtown Long Beach, including the Long Beach Civic Center, Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.
$3,300,000
728 Cerritos Avenue Long Beach, CA 90813
- Type:
- Apartment
- Sq.Ft.:
- 11,750
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.29 Acres
- Year built:
- 1924
- Baths:
- MLS#:
- PW24076719
ADDITIONAL INFORMATION
We are pleased to present a 19+1 unit apartment building located at 728 Cerritos Avenue in Long Beach, California. This is a value-add opportunity in a great location. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists of two parcels that total 11,750 rentable square feet spread throughout a 12,614 square foot lot. One property was built in 1924 and the other was built in 1952. The properties consist of 5 studios, 12 one bed/one bath units and 2 two bedroom / one bath units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 9 garages which generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores.
$4,100,000
927 Daisy Avenue Long Beach, CA 90813
- Type:
- Cluster
- Sq.Ft.:
- 13,641
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1964
- Baths:
- MLS#:
- PTP2407022
ADDITIONAL INFORMATION
Updated inside and out, this 16-unit apartment community boasts a desirable unit mix of all 2-bedroom and 1-bathroom units. Featuring a new roof, new exterior railings, improved decks and walkways, select window replacements, and 9 recently renovated unit interiors, this property is well-maintained and ready for a smooth transition to the next owner. Five units were recently remodeled top to bottom with new paint, flooring, light fixtures, brand new kitchens and bathroom finishes. Four additional units have been partially updated. This property offers additional income potential with architectural plans to convert 8 garage spaces into 4 ADUs in progress - current Owner already passed the pre-planning stage with the City. All existing units are metered separately. There is a controlled-access gate for extra privacy and security for all tenants. A community laundry room is offered on the property and can acquire extra income. At 100% occupancy, this property has a CAP rate of 5.52%, not including the proposed ADUs. This apartment community is located near East Village Arts District and Downtown Long Beach where you will enjoy the variety of local parks, restaurants, cafes, and so much more.
$2,150,000
1464 Gardenia Avenue Long Beach, CA 90813
- Type:
- Apartment
- Sq.Ft.:
- 5,112
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1953
- Baths:
- MLS#:
- SB24234194
- Subdivision:
- Poly High (PH)
ADDITIONAL INFORMATION
Significant Price reduction!!! Totally remodeled, turnkey 8-unit (6+2 brand new ADU's) property in a high demand rental area of Long Beach. Great unit mix with one 3 bed/1 bath unit, five 2 bed/1 bath units, and two brand new 1 bed/1 bath detached ADU's. High yield, low expense property at an in-place cap rate of 6.2% and a GRM of 10.61 with an additional 4% in upside to a market cap rate of 6.6% and a 10.13 GRM. Extensively renovated property including exterior refresh, new windows, main electrical panel, controlled access, low-water landscaping, common areas, and lighting. 5 out of 6 existing units upgraded with new vinyl flooring, new kitchens, bathrooms, paint, and lighting. Two brand new 1 bed/1 bath ADUs just completed at the rear of the property separated by a new turf courtyard. ADUs include mini-split AC units, in-unit laundry hookups, open concept kitchen/living areas, stainless steel appliances, high grade cabinets, quartz countertops, and full-sized bathrooms. Parking for 3-4 cars in the rear of the property.
$1,875,000
1426 Rose Avenue Long Beach, CA 90813
- Type:
- Fourplex
- Sq.Ft.:
- 4,676
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1990
- Baths:
- MLS#:
- PW24232551
ADDITIONAL INFORMATION
Here is a large four-plex property available with spacious units in the city of Long Beach, only 2 to 3 miles from the beach, schools, CSULB, Veteran Affair Medical Center, and a golf course. Property has four units: Each units 3Bed / 2 Bath. Strong rental area with tons of upside on rent would be a great source of income. Located convenient to shopping and walking distance to great restaurants and public transportation, Will not last long, please contact as soon as possible.
$2,562,000
1467 Cedar Avenue Long Beach, CA 90813
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1963
- Baths:
- MLS#:
- CL24463183
View additional info
Courtesy: CB Richard Ellis, Inc.
ADDITIONAL INFORMATION
1467 Cedar Ave. is a 12-unit value-add asset located in Long Beach. The property offers one- & two-bedroom floor plans and option to convert existing garages into additional unit(s).
$1,400,000
1435 Walnut Avenue Long Beach, CA 90813
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1964
- Baths:
- MLS#:
- CL24463141
View additional info
Courtesy: CB Richard Ellis, Inc.
ADDITIONAL INFORMATION
1435 Walnut Ave. is a 6-unit multifamily property located in an opportunity zone. This value-add asset has all two-bedroom floorplans with over 770 SF each. Recent capital improvements include new roof installed in 2024.
$2,000,000
1025 Locust Avenue Long Beach, CA 90813
- Type:
- Mixed Use
- Sq.Ft.:
- 5,498
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1923
- Baths:
- MLS#:
- PW24230683
- Subdivision:
- Downtown (DT)
ADDITIONAL INFORMATION
Attention ALL Multi-Family Investors! We are proud to offer this once in a lifetime 8-Unit Downtown Trophy Asset approximately 1 mile to the Beach, Pier and everything that's wonderful about Long Beach. NO CITYWIDE RENT CONTROL offers savvy landlords countless flexibility. Ideal Location! Location! Located within city’s fast-growing Opportunity Zone, walking distance to Historic Pine Ave, 4th Street’s Retro-Row, restaurants, bike trails, schools, churches, dog park, grocery store and approximately 200 ft to Metro A line train station. 1025 Locust is a picturesque 1920s building, featuring all the qualities and characteristics of classic 20th century architecture – boasting magnificent woodwork, built-in cabinetry, high ceilings, crown moldings, expansive floor plans with an abundance of natural light and great curb appeal. “Pride of Ownership” is evident. Recent interior upgrades include remodeled kitchens and bathrooms, refurbished hardwood flooring, new quartz/granite countertops, new wood plank vinyl flooring, 44 new windows installed in 2021, new fixtures, custom two-tone paint and AC window cooling. Recent exterior upgrades include: New common area plank flooring, New landscaping, exterior paint and trim, new garage/auto door, and concrete driveway. The units are much larger than many of the nearby apartment units. The oversized 3-room studios include galley style kitchens with counter to ceiling cabinets, walk-in closets and the extremely large 1 bedrooms offer full-size kitchens, walk-in showers, bathtubs and a service porch. Additional investor notables: spacious backyard area and four garages offer great duplex ADU building potential; new statewide density and parking requirements for multi-units near mass transit offers similar development upside as 97-unit 1112 Locust apartment building; improve best use of 5,498 sq. ft building space to double current bedroom count or increase income immediately with fully furnished apartments similar to current AirBnB Apt. #6. Don’t miss this rare opportunity to own a turnkey Cash Cow and a legacy of authentic history while taking full advantage of endless income growth. Seller MOTIVATED!!
- Type:
- Triplex
- Sq.Ft.:
- 2,001
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1921
- Baths:
- MLS#:
- PW24223964
- Subdivision:
- Downtown (DT)
ADDITIONAL INFORMATION
Your clients will not be happy with you if they miss this OPPORTUNITY !!! Corner Lot Triplex (2 Buildings). Single-family one-story residence on the corner (possible owner's unit) and a two-story duplex behind one-story residence facing side street (Werner St.). Front one-story residence is a 2-bedroom/1-bath, Duplex is two 1-bedroom/1-bath units. There is a single garage and two driveways for off-street parking. Owner lives in front house and both 1-bedroom units in duplex are currently rented. This is a Drive by property only !!! Please do not bother tenants !!! Serious Investors only !!! Please submit offer subject to interior visual inspection !!!
$1,850,000
826 Rose Avenue Long Beach, CA 90813
- Type:
- Triplex
- Sq.Ft.:
- 2,040
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1923
- Baths:
- MLS#:
- OC24224912
- Subdivision:
- North Alamitos Beach
ADDITIONAL INFORMATION
Prime 5-Unit Multifamily Investment Opportunity in Long Beach Introducing 826 Rose Ave, a fully renovated triplex in the heart of Long Beach, currently generating $6,185 per month in rental income. With an annual cash flow of $78,600, this property offers immediate returns with future growth potential through a fully approved expansion 2 unit ADU. FOR SALE: $1,850,000 – Owner’s Loss, Investor’s Gain: Due to funding requirements for another project, the owner must sell this valuable asset, creating a unique opportunity for investors. Additional Expansion Opportunity with 2 Fully Permitted ADU Plans: The property includes fully permitted, shovel-ready plans for two additional ADU units (each a 2-bed, 2-bath, 2-story design) at an additional cost to construct of $434,000, which will transform this triplex into a 5-unit multifamily property with a proforma annual cash flow of $140,000 upon completion and an estimated cap rate of 6.07%. Property Highlights: • Current Units: 3 fully renovated units $6,185 monthly rental income ($78,600 annually). • Future Expansion: Includes fully permitted plans for two new ADU units, adding 1,584 sq. ft. of living space. • Construction Company: After evaluating estimates from three qualified contractors, we selected the best fit based on quality and value. Each bid projected a similar build time of eight months. To ensure thorough vetting, we partnered with BuildZoom, who reviewed all proposals, helped reduce additional costs, and confirmed we hired the optimal contractor. BuildZoom also closely collaborated with the architect and design team to manage revisions and secure city approvals. • Construction Ready to begin with a 8 month build timeline and total build cost of $434,000. • Investment Potential: After completion, the property will offer 5 units, a projected ARV of $2.6M, proforma cash flow of $140,000 annually, and a cap rate of 6.07%. • Prime Location: Situated in a vibrant Long Beach neighborhood, with easy access to schools, parks, dining, and the beach. This is a rare opportunity to acquire a high-performing investment property with significant upside potential. Whether you're a seasoned investor or looking to expand your portfolio, 826 Rose Ave is a must-see!
$1,850,000
1930 7th Street Long Beach, CA 90813
- Type:
- Apartment
- Sq.Ft.:
- 5,406
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1943
- Baths:
- MLS#:
- PW24222871
ADDITIONAL INFORMATION
Discover an exceptional investment opportunity with this multifamily property in the sought-after Long Beach area. Boasting a 5,406 SF building with 8 two-bedroom units, this charming property, built in 1943, offers a prime location and impressive potential for a low-rise/garden investor. The added value opportunity provides the investor with the ability to purchase a heavily discounted asset and achieve above market returns through capital improvements and increased rental income. With its desirable address and strong rental demand, this property presents a lucrative investment for those seeking to expand their portfolio in the thriving Long Beach market. Take advantage of this chance to own a piece of Long Beach's rich real estate landscape.
$1,795,000
1030 Olive Avenue Long Beach, CA 90813
- Type:
- Cluster
- Sq.Ft.:
- 5,100
- Status:
- Active
- Beds:
- 13
- Lot size:
- 0.15 Acres
- Year built:
- 1980
- Baths:
- 10.00
- MLS#:
- 24457513
ADDITIONAL INFORMATION
FIVE Unit Apartment Building. 4 of the tenants are section 8 and 1 regular.. Guaranteed rental cash-flow. 3 of the units are townhouse style 3bd 2ba each, constructed in 1980 and the other 2 units are apartment style, 2 bedroom 2 bathroom, constructed in 2023. All unit have washer/dryer. Drive by ONLY. Under no circumstance you should disturb tenants. Do not go on property. Each unit has separate gas and separate electric meter, additionally each unit has their own laundry area. The property has alley in the back. The parking is gated.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 12
- Lot size:
- 0.13 Acres
- Baths:
- MLS#:
- CL24457289
View additional info
Courtesy: Shirvan Group Inc
ADDITIONAL INFORMATION
Guaranteed rental cash-flow. Building #1 has 2 units, 4bd 2.5 ba each, constructed in 1980. Building #2, has 2 units, 2 bd 2 ba each, constructed 2022. Drive by ONLY. Under NO circumstance you should disturb tenants. Do not go on property. Each unit has separate utilities, additionally each unit has their own laundry area. 2 of the tenants are HUD Section 8 and the other 2 regular. Well maintained. The property has 2 addresses, 845 MLK, built in 2022 and 851 MLK, built in 1980.
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 90813 has a population of 466,565. Long Beach 90813 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 90813 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 90813 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.