Long Beach CA Multi Family for Sale
$1,100,000
1454 Magnolia Avenue Long Beach, CA 90813
- Type:
- Fourplex
- Sq.Ft.:
- 2,800
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1918
- Baths:
- MLS#:
- PW24217391
ADDITIONAL INFORMATION
Well-maintained 4-plex located in the heart of Long Beach. This property offers four spacious units, perfect for investors or owner-occupiers looking to generate steady rental income. Each unit features 1 bedroom and 1 bathroom, making it ideal for tenants seeking comfort and convenience. The property is situated in a highly desirable area, close to schools, shopping, dining, and public transportation.
$1,274,000
733 E 7th Street Long Beach, CA 90813
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 14
- Lot size:
- 0.12 Acres
- Year built:
- 1918
- Baths:
- MLS#:
- CRPW24076609
View additional info
Courtesy: Palazzo Realty Inc.
ADDITIONAL INFORMATION
Large units, make this bread and butter property a valueable additional to any portfolio. Close the heart of downtown, means good access, to the beach, shopping, transportation, and dining. Great price per unit, fantastic price per square foot, low GRM, and good cash flow make this 4 Unit building a fantastic property. Boasting average unit sizes of over 1,200 square feet with two 3 bedroom 1 bath units, and two 4 bedroom 1 bath units, along with 2 garages, the building layout offers lots of space. Washer and dryer hook ups and Seperately metered for gas, and electric. Don't miss this amazing opportunity for immediate cash flow.
$1,350,000
2024 Chestnut Avenue Long Beach, CA 90806
- Type:
- Apartment
- Sq.Ft.:
- 3,692
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1928
- Baths:
- MLS#:
- SB24215716
- Subdivision:
- Wrigley Area (WR)
ADDITIONAL INFORMATION
Just reduced! Large 5 unit building with (3) 3-Bed Units, (1) Large 2-Bed Unit, and (1) 1-bed unit in the excellent neighborhood of South Wrigley. The building is conveniently located less than a mile from the 710 Freeway, less than 2 miles from the 405, and just 2 miles North of the beach. Attractive residential tree-lined street. The property is priced to sell at 10.86 GRM and a current cap rate of 5.66%. There is approximately 7% upside in income to a market cap rate of 6.3%. It has fresh exterior paint and the electrical system was just updated in September of 2024. There is also a detached garage building off of the back alley that has 4 spots in 3 separate garages. Perfect ADU opportunity.
$1,229,990
1816 Oregon Avenue Long Beach, CA 90806
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 7
- Lot size:
- 0.15 Acres
- Year built:
- 1961
- Baths:
- MLS#:
- CRPW24212754
View additional info
Courtesy: Circle Real Estate
ADDITIONAL INFORMATION
One of the Best Deals in Wrigley! Investor or Owner-Occupant Opportunity Offered at an unbeatable $1,229,900, most of the recently remodeled units, move-in-ready 3-unit property in Long Beach is a gem for investors and owner-occupants. Boasting an impressive 6% cap rate and the potential to generate over $100,800 in annual gross income, this property is a cash-flow dream. Each of the two 2-bedroom units rents for $2,600, while the spacious 3-bedroom unit brings in $3,200—all at current market rates. Located just minutes from the beach, this property is primed for Airbnb potential, offering even higher returns for short-term rentals. It’s fully remodeled with modern amenities and high-quality finishes, ensuring it's completely turnkey with no additional work needed—just start collecting rent from day one. The property also includes 4 single-car garages, providing secure parking for tenants and potential for extra income. With the possibility for future development or conversion to an Accessory Dwelling Unit (ADU), the opportunities here are endless. Everything is separately metered (except water), keeping maintenance costs low for hassle-free ownership. Don’t miss out on this rare chance to own a high-income-producing property in a prime Long Beach location. Act fast—dea
$2,380,000
2219 Pine Avenue Long Beach, CA 90806
- Type:
- Mixed Use
- Sq.Ft.:
- 6,440
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1948
- Baths:
- MLS#:
- PW24201464
- Subdivision:
- Wrigley Area (WR)
ADDITIONAL INFORMATION
PRICE JUST REDUCED!! This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 6.2%. The Property has been Well-Maintained, with a Great Upside Potential on the Future Rental Income!! This Property Offers (3) 2 Bedrooms -1 Bathroom, (6) 1 Bedrooms - 1 Bathroom and (1) Bonus Room/Studio -1 Bathroom. Four of the Units have been Recently Remodeled, and the Exterior was Recently Painted. The Property also has (4) Single Car Garages that can be a Great Opportunity to convert into ADU'S for Additional Income, and it has (4) Parking Spaces for Extra Income. The Owner just recently Installed a Newer Roof. All Units are Separately Metered for Gas and Electric. This 10-Unit Apartment Building is Located in a High Demand Rental Area!! This Apartment Building in Conveniently Located Close to Shopping, Restaurants, Entertainment, Metro Link, Long Beach Airport Downtown LB, Civic Center, Long Beach Aquarium, Downtown Village, CSULB and Queen Mary Island.
$1,529,000
70 Roswell Avenue Long Beach, CA 90803
- Type:
- Duplex
- Sq.Ft.:
- 1,998
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.07 Acres
- Year built:
- 1930
- Baths:
- MLS#:
- OC24215621
- Subdivision:
- Belmont Shore (BSD)
ADDITIONAL INFORMATION
This lovely Spanish Revival era 2-bedroom duplex located in the highly desirable Belmont Shore area has been extremely well maintained by its owners for the past 40 years. The property exudes the charm of the 1930s, featuring original green tiles on the counters and backsplash in both kitchens, high ceilings adorned with elegant moulding, and beautifully arched doorways. Both bathrooms have been fully renovated to complement that 1930s theme! Each unit has a spacious living room with a large Spanish style picture window, a dining room and 2 bedrooms. Each unit has lots of windows covered with blinds that light up the apartments. The property has been professionally landscaped to provide lush greenery and low maintenance plants on all sides. The backyard space is very enchanting, offering a private, enclosed retreat with a well-manicured lawn & garden. Most importantly, each apartment has 2 assigned parking spots on the lot at the rear of the property, so there’s no worry about finding a space!! It’s a short walking distance to the beach, picturesque Long Beach Pier and vibrant Belmont Shore where you can enjoy easy access to a variety of popular restaurants and shopping options. This duplex offers a wonderful opportunity for investors, especially those who could take advantage of the ADU options by building on to the rear of the lot. Belmont Shore is a very popular rental neighborhood as it's an easy commute to Los Angeles and Orange County. Many options to consider and worth a look! Call now to book a private showing!
$1,295,000
3733 California Avenue Long Beach, CA 90807
- Type:
- Cluster
- Sq.Ft.:
- 1,524
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.12 Acres
- Year built:
- 1926
- Baths:
- 2.00
- MLS#:
- 24454083
ADDITIONAL INFORMATION
Charming Duplex in Long Beach, CA Perfect Investment Opportunity!Welcome to 3733 California Ave, a delightful duplex nestled in the heart of Long Beach, CA. This property offers an exceptional opportunity for investors or homeowners looking to live in one unit while renting out the other.Property Details:The front unit features two spacious bedrooms and a well-appointed bathroom, making it ideal for families or roommates. With ample natural light and a cozy layout, this unit is both inviting and functional. The back unit is a charming single, perfect for guests, extended family, or as an additional rental space.Area Highlights:Located in a vibrant neighborhood, this duplex is just moments away from the beautiful beaches of Long Beach. Enjoy the nearby parks, local dining, and shopping options, which enhance the area's appeal. The community is known for its friendly atmosphere and accessibility to public transportation, making it easy to explore all that Long Beach has to offer.Why Long Beach?Long Beach is renowned for its stunning waterfront, cultural attractions, and diverse community. Residents enjoy easy access to outdoor activities, arts and entertainment, and a rich history that adds to the charm of the area. Whether you're looking for a thriving rental market or a place to call home, this duplex provides the best of both worlds.Don't miss this fantastic opportunity to own a piece of Long Beach real estate! Schedule a viewing today and imagine the possibilities this property has to offer.
$1,299,000
1562 W 31st Street Long Beach, CA 90810
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 7
- Lot size:
- 0.15 Acres
- Year built:
- 1938
- Baths:
- MLS#:
- CRSB24214203
View additional info
Courtesy: Keller Williams South Bay
ADDITIONAL INFORMATION
This well-maintained 4-unit property offers an excellent investment opportunity in a prime location near Silverado Park, the 710 and 405 freeways, as well as local restaurants and hospitals. The front house features 2 bedrooms and 1 bath, with sleek granite countertops, stainless steel appliances, tile flooring in the kitchen and living areas, and original hardwood floors in the bedrooms. Recently upgraded with a new roof and new solar panels, this home is energy-efficient and move-in ready. The back units consist of two 2-bedroom, 1-bath units, one 1-bedroom, 1-bath unit, and a bonus studio—ideal for additional rental income or as a guest suite. All units are thoughtfully updated and meticulously maintained. The backyard offers a peaceful space with mature trees, while the front home enjoys its own private area for added privacy. Shared outdoor patio spaces provide a relaxing setting for entertaining. Located in a desirable Westside Long Beach neighborhood, this property presents a fantastic opportunity for investors seeking modern updates, convenience, and long-term value.
$2,080,000
936 Olive Avenue Long Beach, CA 90813
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1922
- Baths:
- MLS#:
- CRSB24215096
View additional info
Courtesy: Buckingham Investments, Inc
ADDITIONAL INFORMATION
10-Unit Property in the Densely Populated North East Village Neighborhood This 10-unit property is located in the highly desirable North East Village neighborhood. Priced at $208K per unit, it is fully stabilized, operating with a 10.60 gross rent multiplier (GRM) and a 6% capitalization rate based on current rental income. The unit mix consists of 7 studios, 2 one-bedroom units, and 1 two-bedroom unit. At market rental income, the GRM improves to 9.79, and the cap rate rises to 6.5%. All units have been remodeled, and both the roof and electrical panel were updated in 2024. The building is master-metered with a RUBS (Ratio Utility Billing System) in place, currently covering 60% of utility expenses. Additionally, an onsite coin-operated laundry room provides extra income and convenience for tenants. Centrally located near St. Mary Medical Center, downtown Long Beach, the beach, and major freeways, this property offers excellent accessibility. It is a rare opportunity to acquire a turn-key asset at an attractive value.
$3,200,000
2619 Chestnut Avenue Long Beach, CA 90806
- Type:
- Apartment
- Sq.Ft.:
- 6,372
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1957
- Baths:
- MLS#:
- NP24213687
- Subdivision:
- Wrigley Area (WR)
ADDITIONAL INFORMATION
This meticulously upgraded nine-unit property, located just north of Willow Avenue, combines modern sophistication with exceptional quality. Each unit features premium finishes, contemporary fixtures, and carefully considered updates, ensuring a hassle-free ownership experience with no deferred maintenance concerns. Nestled in the desirable Wrigley neighborhood, this property is a testament to superior craftsmanship and thoughtful design. From luxurious flooring to refined, modern interiors, every detail exudes quality and style, making it a standout investment opportunity in a prime Long Beach location. With strong financial performance and room for growth, the property offers exciting potential for future returns. Opportunities include increasing current rents or exploring the addition of Accessory Dwelling Units (ADUs), providing investors with the chance to enhance value over time. This is more than an investment — it's a gateway to modern luxury and lasting potential in one of the city's most coveted residential areas.
$1,525,000
2224 Chestnut Avenue Long Beach, CA 90806
- Type:
- Fourplex
- Sq.Ft.:
- 5,585
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1929
- Baths:
- MLS#:
- PW24212532
- Subdivision:
- Wrigley Area (WR)
ADDITIONAL INFORMATION
Wonderful opportunity to own a beautiful Spanish style 4-plex in the heart of Wrigley. Four 2 bedroom 1 bath units with 4 garages and each unit offers 1300 sf of living space and individual laundry hook ups. The building has many recent upgrades including new Milgard double-paned windows installed in 2008, updated electrical and exterior LED lights, newer rear fencing. NEW TPO 40 year roof was installed in 2017 and the landscaping was just refreshed this month. Wall heaters in upstairs units and floor furnaces in downstairs units. Beautiful tree lined street in historic Wrigley and great location near shopping, freeways, and parks.
$1,500,000
1001 20th Street Long Beach, CA 90806
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1924
- Baths:
- MLS#:
- CRSB24211287
View additional info
Courtesy: Lyon Stahl Investment Real Estate, Inc.
ADDITIONAL INFORMATION
Unlock the potential of this 6-unit multi-family property located in the heart of Long Beach! Offering a mix of spacious (2) 1 bed +1 bath units as well as (4) 2 bed + 1 bath units, this well-maintained building can be sold together or separately, with 1001 E 20th St consisting of 6 units and 1015 E 20th St featuring 4 units with ADU potential. Both buildings offer ample parking with gated parking lots. This is a fantastic opportunity for investors seeking consistent rental income with upside potential. Located in a thriving rental market with easy access to major freeways, shopping, dining, and local amenities, this property is perfect for both seasoned investors and those looking to complete a 1031 exchange. With an immediate cash flow and a clear path to increased revenue, this Long Beach gem won’t last long!
$1,500,000
1015 20th Street Long Beach, CA 90806
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.16 Acres
- Year built:
- 1985
- Baths:
- MLS#:
- CRSB24211058
View additional info
Courtesy: Lyon Stahl Investment Real Estate, Inc.
ADDITIONAL INFORMATION
Unlock the potential of this 4-unit multi-family property located in the heart of Long Beach! Offering a mix of spacious 2 and 3-bedroom units, this well-maintained building can be sold separately or together, with 1001 E 20th St consisting of 6 units and 1015 E 20th St featuring 4 units with ADU potential. Both buildings offer ample parking with gated parking lots. This is a fantastic opportunity for investors seeking consistent rental income with upside potential. Located in a thriving rental market with easy access to major freeways, shopping, dining, and local amenities, this property is perfect for both seasoned investors and those looking to complete a 1031 exchange. With an immediate cash flow and a clear path to increased revenue, this Long Beach gem won’t last long!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.11 Acres
- Year built:
- 1919
- Baths:
- MLS#:
- CL24448939
View additional info
Courtesy: Matthews Real Estate Investment Services
ADDITIONAL INFORMATION
This extremely rare and affordable investment opportunity is centrally and strategically located in the heart of Long Beach, CA. With proximity to downtown, the coast and major transportation routes alike, this property presents an opportunity for a new investor to capitalize the continued growing rental demand in the area. With one unit currently vacant , creative investors can also implement a "House-Hacking" strategy by living in one unit and renting the others. There is significant upside in existing rental income as well.
- Type:
- Other
- Sq.Ft.:
- 703
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.35 Acres
- Year built:
- 1959
- Baths:
- MLS#:
- OC24212255
- Subdivision:
- Downtown (DT)
ADDITIONAL INFORMATION
URBAN PERFECTION in East Village Arts District! This light and bright second-floor Mid Century Modern one-bedroom OYO with one car garage is move in ready in downtown Long Beach. Walk to everything with a walk score of 97, this unit offers ample natural light and is move in ready, making it an ideal choice for first-time homebuyers or investors. Kitchen comes with electric cooktop and oven, new farm sink and refrigerator. Laminate floor in living room, carpet in bedroom with very large closet, upgraded bathroom. Very easy to rent. This home is 3 blocks from Pine Avenue and all of its wonderful restaurants and nightlife and close to everything in downtown Long Beach. Close to the Long Beach Convention Center and Shoreline village. Leave your car at home and get out and explore the neighborhood. This location is a Walker’s Paradise so daily errands do not require a car. 640 Elm Avenue is a three minute walk from the Metro A Line (Blue) at the 5th Street Station stop. This location is in the Saint Mary neighborhood in Long Beach. Nearby parks include Harvey Milk Park, K-9 Corner Dog Park and Lincoln Park.
$1,298,000
1000 10th Street Long Beach, CA 90813
- Type:
- Cluster
- Sq.Ft.:
- 5,340
- Status:
- Active
- Beds:
- 15
- Lot size:
- 0.1 Acres
- Year built:
- 1921
- Baths:
- 7.00
- MLS#:
- 24452197
ADDITIONAL INFORMATION
7-Units apartment building with great income potential. Property consists of (1) studio, (4) 2 bedrooms/1bath and (2) 3 bedrooms/1bath. The property has been updated. Each bedroom can be legally rented. Owners have participated in the LA County Pilot Program and people on Social Security Disability insurance are also allowed to rent by the room as well. The largest unit with 3 bedrooms / 1bath is vacant and an additional 5 rooms can be rented. Great location with close proximity to Metro Blue Line and other bus routes. Minutes to the beach, shops and restaurants. Please click on Docs to view the Floor Plan.
$1,625,000
4180 Del Mar Avenue Long Beach, CA 90807
- Type:
- Cluster
- Sq.Ft.:
- 2,626
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.14 Acres
- Year built:
- 1963
- Baths:
- 6.00
- MLS#:
- 24451799
ADDITIONAL INFORMATION
Welcome to 4180 Del Mar Avenue, where architectural brilliance meets modern convenience in the heart of Long Beach. This exceptional duplex, designed by the renowned architect Clifton Jones Jr. with influences from Edward Killingsworth and Calvin Straub, is the largest model within the coveted Cerritos Circle tract. Each of the two units offers the feel of a single-family home, featuring over 1,300 square feet of thoughtfully designed living space. Upon entering each unit, you are greeted by dramatic floor-to-ceiling windows that flood the dining area with natural light, creating a seamless connection to the private backyard. The spacious living room provides a serene setting for relaxation and entertainment. The kitchen, exuding mid-century charm, boasts ample cabinetry and a large breakfast bar that serves as an inviting space for casual dining.Each unit includes two en suite bedrooms and two and a half bathrooms, ensuring privacy and comfort for all occupants. The spiral staircase adds an elegant touch, leading to the upper level where the bedrooms are thoughtfully placed. Practicality meets style with a direct-access oversized two-car garage and additional driveway parking. The spacious private backyard is perfect for alfresco dining and entertaining, offering a private oasis to enjoy the Southern California climate. This property presents a unique opportunity to live in one unit while collecting income from the other, making it an ideal investment. Located in the distinguished Los Cerritos/Virginia Country Club neighborhood, this property is surrounded by historic homes, close to parks, convenient access to major freeways, Metro station, and the cultural hubs of Los Angeles and Orange County. Experience the perfect blend of mid-century architecture and modern amenities. This is more than just a home; it's a lifestyle.
- Type:
- Fourplex
- Sq.Ft.:
- 2,562
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1949
- Baths:
- MLS#:
- PW24211181
- Subdivision:
- Other
ADDITIONAL INFORMATION
Great opportunity to own a fourplex in North Long Beach! Each unit has one bedroom, one bathroom, a spacious living room, and a good-sized kitchen, along with a large lot and a detached car garage. One unit has been recently remodeled, boasting modern updates. This property is conveniently located near Adams Elementary School, freeways, stores, and parks. A must-see!!
- Type:
- Apartment
- Sq.Ft.:
- 2,667
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1923
- Baths:
- MLS#:
- DW24205008
ADDITIONAL INFORMATION
Tremendous opportunity to own this fourplex. Live in one unit and rent the other 3. This property is close to public transportation, easy freeway access. It features 4 units. 1-3 bedroom & 2 bath. 1-2bedroom & 2 bath. 1. Single & 1 Bath. 1 Single & 1 bath.
$2,300,000
930 Belmont Avenue Long Beach, CA 90804
- Type:
- Apartment
- Sq.Ft.:
- 3,794
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1931
- Baths:
- MLS#:
- SB24208898
- Subdivision:
- Eastside (ES)
ADDITIONAL INFORMATION
The owner hired DECOMA Industries to rehab this Spanish Style 4-unit property. The structure was taken down to the stud walls and reinforced per the engineering plans at a cost of well over $1m. The City of Long Beach issued over 20 permits which were signed off as the work was completed. The units are somewhat identical in design, 2BRM !BATH each. The plumbing and electrical fixtures were supplied by Rebacks and Lighting Zone. There are 5 new electrical meters and 5 new gas meters. There is an existing separate building consisting of 4 garages. The parcel was surveyed and provided to he architect for planning of additional units ADU. The laundry is coin operated. The new decks have drains, the common area is landscaped and lighting at a cost of over 20K. DECOMA Industries is a premier builder with impeccable reputation. DECOMA was the architect, contractor, real estate broker, that developed THE TOY WAREHOUSE LOFTS which is considered the pioneer structure which transformed downtown into for sale living community. "DECOMA is building a better environment to live in” and Eastside Lofts is another fine example of a building created by DECOMA which will set the standards for fine artist loft lifestyle living.
- Type:
- Duplex
- Sq.Ft.:
- 1,440
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1923
- Baths:
- MLS#:
- SB24207087
- Subdivision:
- Downtown (DT)
ADDITIONAL INFORMATION
call listing agent for more information.
$3,925,000
807 Belmont Avenue Long Beach, CA 90804
- Type:
- Apartment
- Sq.Ft.:
- 6,673
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1948
- Baths:
- MLS#:
- PW24206404
- Subdivision:
- Belmont Heights (BH)
ADDITIONAL INFORMATION
Discover the exceptional potential of 807 Belmont Ave, a premier multi-family property nestled in the coveted Belmont Heights district of Long Beach. This charming two-story Spanish-style building offers a total of 9 units, with incredible opportunities for expansion and increased revenue. The property comes with “Ready to Issue” (RTI) plans for two ADU units and the conversion of ?ve enclosed garages into additional 1- and 2-bedroom units, allowing you to maximize the income potential from day one. Situated on a spacious 7,790 SF corner lot, this property features 7,597 SF of rentable space, providing ample room for tenants to enjoy. The serene fenced courtyard, complemented by minimal water vegetation and ample shade, offers a tranquil retreat for residents, perfect for soaking in the refreshing ocean breeze. The well-maintained units boast a blend of original charm and modern upgrades, including resurfaced hardwood ?oors, fresh two-tone paint, ceiling fans, and new bathrooms. While some units retain their original kitchens and bathrooms, they present an excellent opportunity for further value enhancement, enabling you to achieve market rents through strategic renovations. A standout feature of this property is the ?ve enclosed garages, offering secure and convenient parking—a highly sought-after amenity in this area. The current owner has already submitted plans to convert these garages into two additional ADU units, with approved designs for a 2-bedroom/1-bath and a 1-bedroom/1-bath, ready for construction upon closing. Recent improvements, including a new composite shingle roof, fresh paint, and new ?ooring in select units, demonstrate the meticulous care invested in maintaining this property in pristine condition. The potential to convert the non-conforming manager’s unit further adds to the versatility and value of this exceptional investment. Seize this rare opportunity to acquire a highly desirable property with signi?cant upside potential in one of Long Beach’s most sought-after neighborhoods. 807 Belmont Ave is not just a property; it's a gateway to elevated returns and a thriving community.
$2,560,000
2422 11th Street Long Beach, CA 90804
- Type:
- Apartment
- Sq.Ft.:
- 5,848
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1987
- Baths:
- MLS#:
- PW24202418
- Subdivision:
- Eastside (ES)
ADDITIONAL INFORMATION
FIRST TIME ON THE MARKET IN 22 YEARS!!! PRIME 8 UNIT 1980'S CONSTRUCTION WITH GROUND FLOOR COVERED PARKING FOR 16 CARS. ALL 2 BEDROOM/1BATH UNITS. ONSITE LAUNDRY ROOM MACHINES OWNED FOR SELLER NOT LEASED AND BRINGS IN ADDITIONAL INCOME. 5.1 CAP and 13.3 X GROSS. LONG TERM PRIDE OF OWNERSHIP. MAJORITY OF UNITS REMODELED. CLOSE TO CSULB AND 4TH STREET SHOPPING!
$2,300,000
1880 Cedar Avenue Long Beach, CA 90806
- Type:
- Mixed Use
- Sq.Ft.:
- 7,358
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1954
- Baths:
- MLS#:
- PW24203525
- Subdivision:
- Wrigley Area (WR)
ADDITIONAL INFORMATION
Located in the desirable Wrigley area of Long Beach, 1880 Cedar Ave. is a well-maintained 10 unit garden style apartment building comprised of (3) 2bd/1bth units, (6) 1bd/1bth units, (1) studio, and 7 single car garages. Originally built in 1954, and consisting of 7,358 rentable square feet on a large 7,957 square foot lot. The property is separately metered for gas and electricity, and features gated entry, vinyl pane windows, and community laundry. Priced attractively at $230,000 per unit, and $312.58 per SF, 5.55% CAP RATE on current rents, with room to increase rents. Realistic MARKET CAP RATE of 6.83%. An attractive opportunity for a new owner! The property is in an excellent location in the South Wrigley neighborhood of Long Beach. Residents enjoy convenient access to everyday needs at Wrigley Market, an Albertsons anchored retail center located blocks from the property. Additionally, 1880 Cedar is just over 1.75 miles from the abundance of retail, dining, and entertainment options in Downtown Long Beach. It also benefits from its optimal location near Willow Street, Pacific Coast Highway, and 405 and 710 freeways, providing residents easy access to employment hubs throughout Southern California. The overall demand for well-located and maintained apartment building will be a key driver in the continued growth and success at 1880 Cedar Ave.
$2,600,000
1960 Cedar Avenue Long Beach, CA 90806
- Type:
- Mixed Use
- Sq.Ft.:
- 7,088
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1944
- Baths:
- MLS#:
- PW24203754
- Subdivision:
- Wrigley Area (WR)
ADDITIONAL INFORMATION
Located in the desirable Wrigley area of Long Beach, 1960 Cedar Ave. is a well-maintained 11 unit garden style apartment building comprised of (2) 3bd/1bth units, (6) 2bd/1bth units, (2) 1bd/1bth units, (1) studio, and 5 single car garages. Originally built in 1944, and consisting of 7,088 rentable square feet on a large 8,129 square foot lot. The property is separately metered for gas and electricity, and features gated entry, vinyl pane windows, and community laundry. Priced attractively at $236,365 per unit, and $366.82 per SF, 5.61% CAP RATE on current rents, with room to increase rents. Realistic MARKET CAP RATE of 7.10%. An attractive opportunity for a new owner! The property is in an excellent location in the South Wrigley neighborhood of Long Beach. Residents enjoy convenient access to everyday needs at Wrigley Market, an Albertsons anchored retail center located blocks from the property. Additionally, 1880 Cedar is just over 1.75 miles from the abundance of retail, dining, and entertainment options in Downtown Long Beach. It also benefits from its optimal location near Willow Street, Pacific Coast Highway, and 405 and 710 freeways, providing residents easy access to employment hubs throughout Southern California. The overall demand for well-located and maintained apartment building will be a key driver in the continued growth and success at 1960 Cedar Ave. Can be purchased with the 10 units listed at 1880 Cedar Ave.!
Long Beach Real Estate
The median home value in Long Beach, CA is $740,000. 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 $740,000. 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 has a population of 466,565. Long Beach is less family-centric than the surrounding county with 27.85% 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 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 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.