1715 Cherry is a multi-unit residential property nestled in the vibrant city of Long Beach. There are (5) one bedroom and one bath units and (1) 2 bedroom 1 bath unit offering comfortable and well-appointed living spaces. Units 1 and 2 are both remodeled and vacant ready for new tenants! Residents benefit from convenient on-site laundry facilities located within the community. 4 separate garages and 2 uncovered parking spaces. Strategically located, tenants enjoy easy access to nearby dining, shopping, and entertainment venues. This property presents an exceptional investment opportunity for those seeking a reliable income stream in a thriving rental market.
Heart of hip Retro Row Fourth Street just blocks from the Beach! Priced by out-of-state Seller for seamless sale. Beautifully restored 2-story mixed-use hard corner Cherry and 4th. Multiple cherished longtime tenants. 4 Loft-like spacious high ceilings Residential upstairs and 2 high profile Commercial on the ground floor. Long Beach suddenly top 3 traded markets nationally!! No better property or neighbourhood than this! Across the street from Alder and Sage Restaurant among countless other local landmarks!
Heart of hip Retro Row Fourth Street just blocks from the Beach! Priced by out-of-state Seller for seamless sale. Beautifully restored 2-story mixed-use hard corner Cherry and 4th. Multiple cherished longtime tenants. 4 Loft-like spacious high ceilings Residential upstairs and 2 high profile Commercial on the ground floor. Long Beach suddenly top 3 traded markets nationally!! No better property or neighbourhood than this! Across the street from Alder and Sage Restaurant among countless other local landmarks!
4 Units steps from the sand. Two big 3 bedroom 2 bath units. One unit is a one bedroom and the other is a studio. Walking distance to the Belmont shore. 3-D interior video available for prospective qualified buyer.
1980 Harbor Ave is a 10-unit apartment located in Long Beach, operating at a 6.33% Cap and a 10.3 GRM! Built in 1964, the Harbor Ave. apartment is a garden style building surrounding a courtyard. Situated on a 9,350 Sq.Ft lot, the property offers an incredible unit mix of (5) Three-Bedroom/One-Bathroom units and (5) Two-Bedroom/One-Bathroom units. There are a total of (14) parking spaces, with (7) single car Garages on-site and additional room to park another car behind each space. Tenants feature on-site laundry. This building has been well maintained by ownership, and offers immediate rental upside to the new buyer.
We are pleased to present a well maintained 19-unit apartment building in Long Beach, California. The property is well-located just steps from Bixby Park and the Pacific Ocean in Long Beach’s vibrant Alamitos Beach neighborhood. The property’s excellent location also offers tenants convenient access to the numerous popular dining, shopping and entertainment opportunities on Broadway, Retro Row and in the rapidly redeveloping Downtown Long Beach. 1912 East 2nd Street consists of a two-story 1923 construction building that contains 11 studios, 6 one-bed/one-bath and 2 one-bed/one-and-one-half bath units. The property is securely gated and boasts a well-maintained art deco facade, an inner courtyard, and a two-car garage in the rear. Parking is a highly sought-after amenity in this neighborhood and could demand premium additional income. The property also has RUBS in-place to lower ownership's expense. 1912 E 2nd is priced attractively at a 11.6 GRM, and a 5.40% cap rate with 20% upside in NOI. The current loan is assumable at an interest rate of 3.67% and 64% LTV. The excellent location combined with strong cash flow makes it an outstanding opportunity for an investor to add value and capture substantial potential upside in rents and long term appreciation.
GREAT INVESTMENT OPPORTUNITY! This property is a 10 unit building with a mix of 2 units of 2BD/2BR and 8 units of 1BD/BR. All units have been renovated back in 2018 and a new electrical main panel has been installed in 2024. This property is conveniently located near Downtown long beach, Long beach convention center, Pike outlets, Shoreline Village, and more.
187 Roycroft Avenue is a 4-unit multifamily investment property located in the highly sought-after Belmont Shore neighborhood of Long Beach, CA. 187 Roycroft Avenue features highly desirable single-story construction with amenities including gated access, security doors, dual-pane windows, and a common area rear patio. Current ownership has invested significant capital into improvements at the property including mini-split air conditioning units and upgraded electrical panels. Additionally, in 2024 solar panels were installed at the property, helping ownership to offset operational costs. Residents of 187 Roycroft Avenue enjoy the property’s prime Belmont Shore location, just steps away from the abundance of retail, dining, and entertainment options on 2nd Street. Residents enjoy convenient access to over 4 miles of uninterrupted coastline that offer an endless amount of recreational and leisurely activities at Rosie’s Dog Beach, Long Beach City Beach, and Belmont Veterans Memorial Pier among others. Additionally, 187 Roycroft Avenue is also just under 2 miles from 2nd & PCH, a recently developed open-air mall, providing residents with convenient access to a plethora of popular retailers and restaurants. Furthermore, the property’s close proximity to Pacific Coast Highway provides residents with easy access throughout Long Beach and neighboring coastal cities. The property’s ideal Belmont Shore location surrounded by an abundance of recreational, entertainment, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 187 Roycroft Avenue.
Great opportunity for first-time investors, savvy investors, and not to forget buyers who are looking to offset their mortgage with rental income. This income producing property includes 4 total units consisting of 3 one-bedroom one-bath units and 1 two-story, two-bedroom one and a half-bath unit. There are also approved plans and permits for an ADU to be built inside one of the garages that could add an estimated additional $20K of annual income. Some construction has already been done. Property also features a laundry room, separate gas electric meters, and parking. Property has a tremendous amount of upside.
Discover the timeless elegance of this meticulously preserved 1928 Spanish Fourplex. This property seamlessly blends modern conveniences with historic charm, maintaining the architectural integrity and beauty of its era. Extensive renovations have faithfully replicated the original features, ensuring an authentic Spanish experience.Each of the four units offers unique character and comfort. With a mix of 3 two-bedroom, one-bath units and 1 three-bedroom, two-bath unit, the Fourplex features hardwood floors, tiled kitchens and baths, and original Art Deco lighting fixtures. Additional amenities include vintage stoves, updated dishwashers and refrigerators, and new hot water tanks. The original windows and vintage laundry room floors add to the period charm.The property also boasts a covered roof patio over three garages, perfect for relaxation and entertainment. Long-term tenants highlight the desirability and uniqueness of this historic gem.Embrace a rare opportunity to own a piece of history where the past and present harmoniously coexist. This Fourplex is a true testament to Spanish architectural beauty and modern functionality.
Discover the perfect blend of residential and commercial opportunities at this mixed-use property located in the heart of Long Beach. Featuring 3,835 square feet of building space on a 3,835 square foot lot, 1229 Roswell Ave/4136-4138 E Anaheim St offers two high-visibility retail units at the front, ideal for attracting foot traffic and boosting business. Behind the retail units, you'll find three residential units including one 1-bedroom, 1-bathroom unit and two studios. Currently, one studio and the bottom one-bedroom unit are vacant, providing the opportunity to upgrade and secure market rents. The remaining studio is on a month-to-month lease, and both commercial retail units will transition to month-to-month agreements starting September 1st. Don't miss this chance to own a versatile mixed-use building in one of Long Beach's most sought-after neighborhoods. Whether you're looking to diversify your investment portfolio or establish a new business hub, 1229 Roswell offers endless possibilities.
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.
Endless possibilities await with this charming Craftsman home in Rose Park South. This property includes a total of four units. The front house, showcasing traditional Craftsman architecture, has two bedrooms, an office, one bathroom, and a dedicated front yard. Down the long driveway, there are three rear units, each with one bedroom and one bathroom. Parking is ample, with two single-car garages and six parking spaces between the buildings. The location is ideal, just a quarter-mile from Retro Row and one mile from the water, offering a fantastic lifestyle.
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)
Units show pride of ownership/ Features include crown molding, hardwood and tile floors newer windows, mini blinds, formal dining floor, Bathroom fully tiled, newer light fixtures newer pedal sink, newer ceiling fans throughout. Property close to shopping, parks, transportation. Front unit address is 1438 E 59th St has 2 bedrooms and 1 bath, 699 Sqft with formal dining area and newer window. Back unit address 1428 E 59th St has 3 Bed, 2 Bath 1035 Sqft. Each unit has its own 1 car garage. The washer dryer hook up is located in the first garage closest to the back unit. Large covered patio. Back Unit Photos taken before the tenant moved in March 2020. Front unit photos taken before the tenant moved in Feb 2023. Roof was replaced in approximately 2022.
This 5 units apartment building is perfectly situated in East Village Arts District. What a great place to live, work, eat, play and shop! This apartment building is a short stroll to an eclectic mix of restaurants, shops, and galleries. There is the beach bike path, Convention Center and Shoreline Village to the South and a vibrant Downtown to the west. This location is the epitome of urban living.
Nestled in the heart of Belmont Shore, 125 Ximeno Ave stands as a rare opportunity for an investor looking to add a trophy asset to their portfolio. This legacy 18-unit apartment building offers a diverse mix of (2) 2-bed/1-bath units, (12) 1-bed/1-bath units, and (4) studio units, totaling 9,708 square feet on an expansive 9,462 square foot lot. Boasting a shared heated pool and courtyard area, this property combines comfort and convenience for its residents. With a solid 4.74% CAP rate and a price tag of $344K per unit, the investment potential is undeniable. Positioned less than 2 blocks from the beach and within easy reach of premier retail and dining destinations along 2nd Street, 125 Ximeno Ave enjoys a prime location in Long Beach. Whether you're seeking steady returns or looking to capitalize on the area's growth, this property represents a compelling opportunity in an A+ location.
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 $13,756/month and operates at a 7.30% CAP and 10.00 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.
Unlock the potential of this Spanish-style duplex, ideally situated in the highly desirable Belmont Heights Historic Neighborhood. This investment property combines timeless architectural appeal with immediate income-generating potential, making it a standout addition to any portfolio. Both units are currently tenant-occupied with rents at or near market value, providing steady income from day one. The property has been freshly painted, ensuring low maintenance costs and strong tenant retention. A newly constructed deck enhances the property's appeal, offering additional outdoor living space. Adding to the property's allure is its expansive lot, complete with mature orange trees that not only enhance the landscape but also offer an extra selling point for future tenants. The sizable lot presents a unique opportunity for further development, including the addition of ADUs (Accessory Dwelling Units), allowing you to maximize rental income and significantly increase property value (buyer to verify with City of Long Beach). Looking ahead, the upcoming 2028 Olympic Games in Long Beach presents a unique advantage for investors. With Long Beach set to host several Olympic events, the area is expected to see a surge in demand for short-term and long-term rentals, driving potential increases in rental income and property value. This duplex offers the perfect opportunity to capitalize on the increased attention and influx of visitors to the area, making it an even more attractive investment.This property is not just a piece of real estate; it’s a strategic investment in one of Long Beach's most storied neighborhoods. Whether you’re looking to expand your portfolio or capitalize on the growing demand for quality rental properties, this duplex offers both immediate returns and long-term appreciation potential. Seize this rare opportunity to invest in Belmont Heights—where historic charm meets modern profitability!
9/14/24 PRICE REDUCED TO $2,100,000. HOME PLUS INCOME on crest of hill. Classic 1952 MID CENTURY SFR plus 2 separate 1 BR Units built in 1924 over 4 spacious garages. Completely gated. Lush gardens surround this unique property. Ideal family compound and/or rental income. Entire complex recently painted both inside and out. Front SFR offers 1707 sq. ft. w/ spacious LR, FORMAL DR, FAMILY RM, 2 BRS, 1.5 BA. Large KITCHEN w/Lots of cabinetry, separate BRKFST AREA, new STAINLESS STEEL RANGE and DW. New electrical for stove. New kitchen & bath floors. Original HARDWOOD FLOORS in front home & 1 UNIT. Period metal windows bathe the home in sunlight & architectural appeal. Detached SFR has raised deck area in back plus lower [recently poured] CEMENT PATIO and walkways lined w/ flower beds. New water heater in SFR, some new wiring for oven/range. Craftsman style duplex over 4 spacious garages offer separation from front house. Both units include STOVES & REFRIGERATORS. Back units were recently renovated w/period black and white tile floors, subway tile backsplashes, spacious KITCHENS w/ lots of original cabinetry, built-in book cases, writing desks, & faux FP. Both units were replumbed w/ copper pipes. Sewer line was partially redone. Back units enjoy a bit of an ocean view from the balconies and BR. Additional parking in front of 4 garages. Lots of street parking. POTENTIAL FOR ADU (?). WALKING DISTANCE to trendy BELMONT SHORE and OCEAN.
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.
SELLER FINANCING AVAILABLE AT LOWER RATE!! Welcome to this exceptional duplex + possible ADU conversion nestled just a mile from the pristine shoreline in the vibrant heart of Long Beach, offering not just a home but a prime investment opportunity with dual plus potential ADU income streams. This property features two separate units, ADU/garage possible conversion ideal for generating additional revenue, alongside ample parking space for further income potential. Situated in an area ripe with development opportunities and future retail potential, and located in one of Long Beach's premier tourist areas, this property promises substantial profit and sustained growth. Don't miss out on this chance to invest in the quintessential Long Beach lifestyle with endless rental possibilities – schedule your viewing today and seize the opportunity!
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.
- 4 Beds & 7 Baths - 4,452 SF - Four large 1 bedroom & 1 bathroom (Front Building) - individual gas & electric meters - Building in none rent controlled area - Close to Blue Line transportation, school - Most 1 bedroom units have new kitchen cabinets, floor & windows and inside paint - 1 bedroom units have laundry hook-ups THE PROPERTY IS SOLD AS-IS CONDITION.
We are pleased to present 1102 Termino Avenue located on the northeast corner of E 11th Street and Termino Avenue in the Greenbelt Heights Neighborhood of the Eastside of Long Beach, CA. The 2-story 7-unit multi-family residential apartment building was originally built in 1923 and substantially renovated in 2019/2020. The subject pr operty consists of approximately 5,751 square feet of building area including an approximately 536 sq. ft. four car f ree standing garage structure and a yard area of approximately 1,100 sq. ft. The entire parcel totals approximately 5,597 sq. ft of land area. Tenants enjoy living in the Greenbelt Heights Neighborhood of the Eastside of Long Beach, a short distance to The Long Beach Greenbelt, Recreation Park, including two (2) golf courses, Billie Jean King Tennis Center, Blair Field, Colorado Lagoon, Marine Stadium, local beaches, California State University of Long Beach. The subject property is conveniently near the popular retail, entertainment, and dining district of Belmont Shore’s 2nd Street that offers more than 250 unique upscale boutiques, specialty shops, and a myriad of coffee shops, cafes, casual dining taverns, and eclectic international specialty restaurants. Other districts nearby the property include the East Village Arts District, 4th Street Retro Row and the Zafferia commercial corridor. Also close to the property is the Downtown Long Beach Business District which provides unique destinations, both historic and new, that attract over six million visitors annually. One of the city’s most revered attractions, The Queen Mary, arrived in Long Beach in 1967 and has since impressed millions of visitors with its art deco interiors and glimpses into a bygone era. The Aquarium of the Pacific, on the other hand, provides an intimate look into the future of marine biology and sustainability. Hotels, restaurants, and other tourist-oriented venues including Shoreline Village, The Pike and Rainbow Harbor Waterf ront surround the juggernaut that is the Long Beach Convention and Entertainment.
The median home value in Long Beach, CA is $732,500. 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 $732,500. 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.
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.