Long Beach CA Multi Family for Sale

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.

ADDITIONAL INFORMATION

Discover an exceptional investment opportunity in the heart of Long Beach! This versatile 5-unit rental property offers a highly desirable layout and prime location, making it an easy-to-rent option for savvy investors or owner-occupants. At the front of the expansive lot, a cozy 2-bedroom, 1-bath house greets you with its inviting character. The front house offers a private garage and a dedicated laundry area. Step inside to find a comfortable living space with plenty of potential to make it your own home, or use as the premier rental unit of the five offerings. Behind the front house, you’ll find four (4) additional 1-bedroom, 1-bath units, each with its own covered front porch—perfect for enjoying Long Beach’s coastal breeze. One of these units was just beautifully remodeled and is now vacant, ready to welcome a new tenant or even a potential owner. The remodeled unit features wide plank light oak laminate flooring, custom built-in cabinetry in the living room, crisp white shaker kitchen cabinets, elegant quartz countertops, and stylish five-panel shaker doors. With new plumbing and abundant natural light, this unit stands out as a bright and modern living space, showcasing the possibilities with the remaining units. The other four units are tenant-occupied, offering steady income from day one, and they come with great potential for updates to further increase investment value. Each unit has its own separate electric and gas meter, adding convenience for both tenants and management. Situated on a spacious 6,674 sq. ft. lot, this property also boasts a recently replaced roof, and designation within the Historic District. The location is unbeatable—just 1.5 miles from Shoreline Village, where you’ll find a variety of dining and entertainment options. The iconic Queen Mary is only 2 miles away, and Drake Park, with its soccer fields, tennis courts, and playground, is within walking distance. Around the corner, you’ll also discover the Historic Bembridge House, adding a touch of local charm and history to the neighborhood. This property offers the perfect blend of modern updates, historic appeal, and prime location, making it a rare gem in Long Beach. Whether you’re looking to grow your investment portfolio or secure a steady income stream, 1070 Loma Vista Drive is a must-see. Don’t miss this incredible opportunity!

ADDITIONAL INFORMATION

Remodeled 4Plex with large private yards, located in one of the nicest pockets of Long Beach! Perfect opportunity for any buyer/owner user looking to live in one unit and have their neighbors pay their mortgage. 1000 Ximeno Ave is comprised of (4) 1Bed/1Bath units. Beneficial to the new owner, all remodels have been completed, including new flooring, appliances, countertops, bathrooms and patios. The two downstairs units feature large private 325sf yards, perfect for entertaining. All units have washer and dryer in unit. There are also 3 tandem parking spots (6 spaces total). Bordering Belmont Shore and located in one of Long Beach's Top Rental Markets, this truly is a one-of-akind building. It is just outside the $6Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island. OM in supplements.Remodeled 4Plex with large private yards, located in one of the nicest pockets of Long Beach! Perfect opportunity for any buyer/owner user looking to live in one unit and have their neighbors pay their mortgage. 1000 Ximeno Ave is comprised of (4) 1Bed/1Bath units. Beneficial to the new owner, all remodels have been completed, including new flooring, appliances, countertops, bathrooms and patios. The two downstairs units feature large private 325sf yards, perfect for entertaining. All units have washer and dryer in unit. There are also 3 tandem parking spots (6 spaces total). Bordering Belmont Shore and located in one of Long Beach's Top Rental Markets, this truly is a one-of-akind building. It is just outside the $6Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island. OM in supplements.

ADDITIONAL INFORMATION

Built in 1958, the property is zoned LBCCA, boasts recent enhancements to maximize tenant appreciation and long-term value. Located in a sought-after Long Beach neighborhood, this property offers strong upside potential for rent growth and increased cash flow. Currently, one studio and a one-bedroom unit are vacant, providing the opportunity to upgrade and secure market rents, making this an exceptional investment opportunity.. This impressive property consists of 7 well-appointed units offering a mix of Studio and 1 bedroom layouts, appealing to a range of tenants. These commercial units are centrally located in Long Beach, offering access to major shopping, convenient transportation and direct access to the 91 freeway, ensuring quick connections to LAX, downtown LA, and other Key metropolitan areas.

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

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! Upstairs Unit is Currently Available & Ready to Lease at $3,500/month.

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 7.0% and a gross rent multiplier of 10x, 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

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

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’r

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. 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

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

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

*********BIG PRICE REDUCTION******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 3 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 buil

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 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.

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

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

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.