Long Beach CA Multi Family for Sale
$6,850,000
1237 E 1st Street Long Beach, CA 90802
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- CRPW24227280
View additional info
Courtesy: Sage Real Estate
ADDITIONAL INFORMATION
This property is an 18-unit, fully stabilized, and turnkey apartment complex located in the sought-after Alamitos Beach area. The property has seen an investment of over $1,165,000 and has undergone a complete renovation, down to the studs. The entire building was rebuilt, including new floors, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. Each unit was completely remodeled with high-end finishes. The renovations led by an interior designer, include features such as recessed and custom lighting, brand-new kitchens and bathrooms, stainless steel appliances, and in-unit washers and dryers.
- 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 !!!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- CRSB24225878
View additional info
Courtesy: Buckingham Investments, Inc
ADDITIONAL INFORMATION
Incredible mixed use building that is cash flowing at a current GRM of 9.6 and cap rate of 7.5%. Seller carry financing may be available with 50%+ down. Three retail units in front, residential in the back. Tons of upside potential for all of the retail units, or an excellent opportunity for a owner-user purchase. Tenants are paying on-time and consistently. Prime retail location on Atlantic Ave with 30,000+ vehicles passing each day. Recently updated garage roof, painting, and plumbing. This low expense building is a cash cow and a great opportunity for a savvy investor.
$1,750,000
208 Park Avenue Long Beach, CA 90803
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 1
- Lot size:
- 0.07 Acres
- Year built:
- 1947
- Baths:
- MLS#:
- CRPW24225811
View additional info
Courtesy: Coldwell Banker Commercial
ADDITIONAL INFORMATION
Welcome to Belmont Shore living! This well maintained fourplex sits on a 2,954 SF lot. The property is comprised of (4) spacious one bedroom one bath units with an ideal floorplan and tons of storage. The exterior has recently been painted along with some interior upgrades. Downstairs you'll find bonus space for community storage or laundry. This property is steps from Belmont Shore's lively 2nd street, the park, and the beach. The location doesn't get much better than this. Whether you’re an investor looking to expand your portfolio or someone seeking a live-in investment opportunity, this fourplex in Belmont Shore represents a rare chance to own a piece of one of Southern California’s most desirable neighborhoods. These properties rarely change hands, act now!
$1,500,000
664 Stanley Avenue Long Beach, CA 90814
- Type:
- Triplex
- Sq.Ft.:
- 3,228
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1947
- Baths:
- MLS#:
- OC24225211
- Subdivision:
- Eastside (ES)
ADDITIONAL INFORMATION
Discover an outstanding investment opportunity with this renovated triplex, meticulously updated and permitted for years of worry-free maintenance. Live in one unit while renting the others, or lease all three for maximum return. The front unit boasts 1,115 sqft with 3 bedrooms and 1.5 baths, complete with central A/C and a private laundry area. The rear lower unit features 712 sqft with 2 bedrooms and 1 bath, while the spacious second-floor unit offers 1,434 sqft with 3 bedrooms and 2 baths, both equipped with new wall unit A/C. Shared laundry facilities serve the rear units, and extensive renovations include dual-pane windows, copper plumbing, stylish new flooring, modern bathrooms, updated kitchens with stainless steel appliances, new electrical fixtures, LED recessed lighting, and a four-car enclosed garage.
$2,850,000
6062 Atlantic Avenue Long Beach, CA 90805
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.21 Acres
- Year built:
- 1946
- Baths:
- MLS#:
- CL24458943
View additional info
Courtesy: Global Platinum Properties, Inc.
ADDITIONAL INFORMATION
12-unit project cash flowing at an amazing 8% Cap Rate and 8.5 GRM after taking into account all remaining construction costs! Priced at only 266k/door in the heart of Long Beach, it offers not only 6 fully renovated residential units upstairs but also 4 retail spaces (with RTI plans under construction to convert to 4 residential units) + nearly RTI plans to convert the attached garages into 2 attached (1bed/1bath) ADUs. The 6 residential units (100% occupied) have been already fully remodeled and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. Additionally, each unit is individually metered for gas and electricity. The large 9,180 SFlot comes with ~9 open parking spaces as well as ~4 garage spaces. Price/Unit, Cap Rate & GRM are based on Total Price for the sake of conservatism, which includes the remaining construction cost of 4retail conversions at 50k/unit (200k) + 2 attached ADUs at 75k/unit(150k) for a total project cost of 350k offering a remarkable Cap Rate of 8% and 8.5 GRM after including all construction costs.
$1,850,000
826 Rose Avenue Long Beach, CA 90813
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.14 Acres
- Year built:
- 1923
- Baths:
- MLS#:
- CROC24224912
View additional info
Courtesy: Coldwell Banker Platinum Prop
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
$899,999
3112 Gale Ave Long Beach, CA 90810
- Type:
- Duplex
- Sq.Ft.:
- 1,330
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1956
- Baths:
- MLS#:
- PW24222425
ADDITIONAL INFORMATION
Discover an exceptional duplex in the vibrant heart of Long Beach, CA—ideal for investors and those seeking a warm, inviting home with income potential! This property features two unique units, each with its own charm and ample possibilities. The first unit is a cozy studio with a full bathroom, perfect as a private sanctuary or a lucrative rental opportunity. The second unit is a spacious 3-bedroom, 2-bathroom haven with soaring vaulted ceilings that add an airy, open feel. The open-concept layout blends the living and kitchen areas beautifully, creating an ideal space for family gatherings or friendly get-togethers. Step out onto a generous deck off the main living area, where you can enjoy morning coffee, bask in the sun, or host evening gatherings under the stars. The convenience of an in-unit laundry room with a coined washer and dryer provides additional income potential, along with a utility sink for extra functionality. Situated minutes from downtown Long Beach, with easy access to the 710 and 405 freeways, this property perfectly combines comfort, convenience, and charm. Embrace the opportunity for rental income or settle into a delightful space to call home. Make 3112 Gale Ave. your next investment or your new cozy retreat!
$2,295,000
2521 7th Street Long Beach, CA 90804
- Type:
- Apartment
- Sq.Ft.:
- 9,358
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1963
- Baths:
- MLS#:
- PW24222928
ADDITIONAL INFORMATION
Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $245.24 and $229,500 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected ±85% in rental upside, making it an enticing option for long-term ownership. The motivated sellers further enhance the appeal of this promising investment prospect.
$1,695,000
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.
$2,100,000
1135 3rd Street Long Beach, CA 90802
- Type:
- Apartment
- Sq.Ft.:
- 6,715
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1923
- Baths:
- MLS#:
- PW24222836
- Subdivision:
- Downtown (DT)
ADDITIONAL INFORMATION
Pleased to present 1135 E. 3rd Street, an 11-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (10) studios (2 of which are exceptionally large), and (1) detached 3-bedroom/2-bathroom house, with its own garage. 1135 E. 3rd St. offers substantial upside potential by updating the units and bringing rents closer to market levels.
$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.
$2,240,000
833 1st Street Long Beach, CA 90802
- Type:
- Apartment
- Sq.Ft.:
- 6,087
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1922
- Baths:
- MLS#:
- PW24222778
- Subdivision:
- Downtown (DT)
ADDITIONAL INFORMATION
Pleased to present 833 E. 1st Street, a 10*-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (8) 1-bedroom/1-bathroom single story units in the front building, plus a huge 3-bedroom/2-bathroom in the back, above the studio and garages. 833 E. 1st St. offers substantial upside potential by updating the units and bringing rents closer to market levels. *The studio unit is non-conforming.
- 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.
- Type:
- Duplex
- Sq.Ft.:
- 2,036
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.04 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- SB24221123
- Subdivision:
- Lewis
ADDITIONAL INFORMATION
DOWNTOWN LONG BEACH GEM: RENOVATED TOWNHOUSE-STYLE DUPLEX. EACH UNIT HAS ITS OWN ADDRESS - 1039 E 10th street and 1041 E 10th Street, Long Beach Discover this exceptional 4 bed 2 bath two-story duplex in the heart of Long Beach, perfectly positioned for both homeowners and investors. Each unit is thoughtfully designed as 2 bedrooms and 1bath unit spans approximately 1,000 square feet across two levels, offering the perfect blend of comfort and functionality. UNIT LAYOUT: • First Floor: Open-concept living room and kitchen with dedicated laundry area • Second Floor: Two generously sized bedrooms with abundant closet space • Each unit features private washer/dryer connections • Separate gas and electric meters for efficient utility management LOCATION ADVANTAGES: • Moments from pristine beaches • Quick access to Downtown Long Beach's vibrant dining and shopping • Near major transportation hubs, including Long Beach Airport • Easy freeway access for commuters • Walking distance to Long Beach Convention Center and Belmont Shore This property presents an ideal opportunity for owner-occupants seeking rental income or investors looking to expand their portfolio. Situated in an area slated for growth under the Downtown Long Beach Update Plan, this duplex combines historic charm with modern amenities. Schedule your viewing today to experience this unique investment opportunity in Long Beach, CA. property will be delivered Vacant at Close of Escrow.
$3,290,000
3109 E Corto Place Long Beach, CA 90803
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1964
- Baths:
- MLS#:
- CRPW24219287
View additional info
Courtesy: Realty One Group West
ADDITIONAL INFORMATION
Upgraded 9 units in the prime and desirable area of Bluff Heights which boarders Bluff Park and Belmont Heights. This 8,966 sqft, two-story balcony style building offer a very attractive unit mix of: (2)- 3bd/1.75ba units with fireplaces, (1)- 3bd/1ba unit and (6)- 2bd/1bath units, on-site laundry room and 5 single car garages accessed off the alley. Nearly all of the units (8 of 9) have been upgraded with dual pane windows, the kitchens have newer cabinets, countertops, tile flooring and the bathrooms with vanities, tile in the shower & floors. Other upgrades in some units: crown molding, baseboards, 2 tone paint, upgraded interior doors, lighting, some electrical upgrades, professionally managed, spacious units, well cared for building, and more. It is located on a small and more private sub-street, Corto Place, which appears to have better off-street parking than the more busy street. Tenants will enjoy being just off East Broadway which offers many restaurants, coffee shops and shopping, plus it's near Belmont Shore, 4th Street and downtown giving them great access to restaurants, shopping, near the ocean and beaches, and close to many freeways, the Long Beach airport, CSLB, yacht clubs, and more.
$5,950,000
515 W 3rd Street Long Beach, CA 90802
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1928
- Baths:
- MLS#:
- CROC24220952
View additional info
Courtesy: Mike Marcu, Broker
ADDITIONAL INFORMATION
La Pasada is a 29-unit apartment community located directly across the street from the downtown courthouse. Featuring new sewer lines, plumbing (1st & 2nd floor), electrical system, roof, windows, the entire 1st floor has been rebuilt form the studs out. These units have central HVAC. The 2nd floor has had all the bathrooms completely remodeled and the balance of the interiors upgraded. The 3rd floor features two common area bathrooms and 11 single room occupancy units which are in good condition. The seller is offering to provide a 70% first note and trust deed, at a 5% interest rate, with interest only payments for the term of the loan.
$1,595,000
3107 E Theresa Street Long Beach, CA 90814
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.15 Acres
- Year built:
- 1912
- Baths:
- MLS#:
- CRPW24220765
View additional info
Courtesy: Pabst, Kinney & Associates
ADDITIONAL INFORMATION
Charming Rose Park Craftsman Bungalow home with two newer studio units over two large double car garages. The subject property is comprised of 3 units, a 1,272 square foot 3 bedroom, 1.5th bathroom Craftsman Bungalow, and two studio units built in 2012, approx. 450 SF each, over two double car garages. The home was renovated in 2010 and features hardwood floors, granite counter tops, newer dual panel windows, shaker cabinets. The garages and studio units were built brand new in 2012. Tons of parking, two double car garages, plus spaces for 4 more cars behind the garages, plus a long driveway in front that easily fits 2 additional cars, for a total of 10 spaces. Ideally located in Rose Park South, just blocks away from Retro Row and one mile from the beach. Don't miss out on this great investment opportunity!
$1,275,000
260 Cerritos Avenue Long Beach, CA 90802
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.06 Acres
- Year built:
- 1923
- Baths:
- MLS#:
- CRPW24219674
View additional info
Courtesy: Pabst, Kinney & Associates
ADDITIONAL INFORMATION
Large Price Reduction! Great Investment Opportunity! Welcome to 260 Cerritos Ave. located in the heart of Alamitos Beach. The subject property consists of a 4 unit apartment building, comprised of 4 large 1bed/1bth units, approx. 830 SF each. New roof installed 2023. All the units are spacious, light, bright and airy, featuring lots of character, vintage built-ins, large closets and storage. All 4 units are separately metered for gas and electricity. Located in a great area of Long Beach, just minutes from Downtown Long Beach and a few blocks from the beach. Don't miss out on this great investment opportunity! Seller will consider Concessions with Offer!
- Type:
- Mixed Use
- Sq.Ft.:
- 7,108
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1936
- Baths:
- MLS#:
- PW24211879
ADDITIONAL INFORMATION
Value add mixed use property for sale in Long Beach along with separately parceled parking lot in rear on apartments. Total land size of 15,431 SF between both lots. Long terms owners and tenants with two retail units, 7 apartments units, and an excess of parking on Long Beach Blvd. A new owner has the opportunity to convert the two retail units out front into ADU's as well as build additional housing in the separate parking lot in the rear of the property. Owner only pays water and property taxes, separately metered for gas and electric. 1757 Long Beach Blvd, Long Beach, CA 90813, falls within the Midtown Specific Plan (SP-1) zoning area. This zoning allows for a variety of mixed-use developments, focusing on pedestrian-friendly commercial and residential project. With 4 stories and a Floor Area Ratio (FAR) of 2.0 (assumed based on typical mixed-use zoning), the total buildable area is 17,482 square feet. This can be spread across four stories, giving you 4,370.5 square feet per story (17,482 sq ft / 4 stories). You can build structures that combine retail spaces, offices, or residential units, such as apartments or condominiums, in mid- to high-density formats. A new owner could build up to 32 units of 500 square feet each under an FAR of 2.0 in a height of 4 stories or you could fit around 20 units (5 units/story * 4 stories) if each unit is 800 square feet. The subject property is located just outside the $6 Billion of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.
$1,399,900
5919 Linden Avenue Long Beach, CA 90805
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.17 Acres
- Year built:
- 1940
- Baths:
- MLS#:
- CRCV24217646
View additional info
Courtesy: RE/MAX CHAMPIONS
ADDITIONAL INFORMATION
This is hard-to-find investment opportunity, fully rented on all 4 Units, with a spacious front unit of 3 bedroom/1.5 bathroom(1,424 sf), followed by 3 newer units build in 1990 featured, 2(2 story, 2 bedroom/2.5 bathroom) and an over the garage 2 bedroom/2 bathroom(total 2,834 sf), all unit has it own laundry room. 3 double car garage. New exterior paint, new roof in 2018, Termite fully tented in 2023. Tenants pay all utilities including trash, owner pay for water only. Great investment or perfect for owner occupied and good rental income. Tenants are not aware of sale, please drive By, and Contact listing agent for a complete details.
$1,100,000
1454 Magnolia Avenue Long Beach, CA 90813
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.11 Acres
- Year built:
- 1918
- Baths:
- MLS#:
- CRPW24217391
View additional info
Courtesy: Vic Steele, Broker
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:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1928
- Baths:
- MLS#:
- CRSB24215716
View additional info
Courtesy: Buckingham Investments, Inc
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
Long Beach Real Estate
The median home value in Long Beach, CA is $742,000. 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 $742,000. 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.