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.
Charming, turnkey, and in a prime location – this is the generational asset you have been looking for! This clean and well-maintained 8-unit property consists of six 1bed/1bath units (over 900 sqft each) and two studio units with four garages. All the units are large, allow for a ton of natural light inside, have great layouts with cool original features (like French Doors, custom built-ins, fire places, etc.). Plus, the vintage character of this classic Spanish style property has been meticulously preserved, while modern amenities have been added over time like laundry units, AC/Heating units, modern kitchens, lighting, ceiling fans, etc. in each unit. The entire property is secured, has drought-resistant landscaping, and has separate electrical and gas meters for each unit. Located within Alamitos Beach, this highly sought after neighborhood of Costal Long Beach is in close proximity to the best the city has to offer – local parks (Carroll & Bixby Park), local beaches (Alamitos & Junipero Beach), local restaurants (4th Street Corridor & Retro Row), local golf courses, public transportation, etc. Plus, this neighborhood is securely anchored by the thriving local economy that continues to grow within Downtown Long Beach. For the savvy investor, the potential may exist to convert the garages into two studio units and/or to add additional bedrooms/ bathrooms to the existing large 1bed units. Also, one might consider a short-term and/or mid-term rental strategy to boost the income even more. This perfect combination is what every tenant is looking for in this area, which keeps vacancy rates low and market rental rates as high as possible – making this a great addition to any investors portfolio!
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!
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.
Great opportunity for business owner operator or live in one and rent others. 4 Units in a busy street 2 Commercial units and 2 Residential. 5 car garage plus a large storage room. Alley access, secure gate.
- 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.
Three units currently configured as mixed use with two residential units and one commercial unit with 5 parking spots. The front building upstairs is a 3 bedroom 2 bath residential unit and the downstairs unit was converted back to a commercial unit with usage per the city as a Doctures office/Medical office. At the rear of the property is a separate detached 4 bedroom 2 bath house with large covered front porch. Entire property has newer exterior paint. Sale of this property comes with approved plans to convert the downstairs commercial unit into 2 ADU units. Great opportunity to keep the current configuration or complete the ADU project and have a total of 4 residential units.
Good investment opportunity for a 4 unit complex. Property has a 3BR 2 BA downstairs unit that can be utilized as an owner's unit. Upstairs units are; two 2BR 1BA units and a 1BR 1BA unit. Each unit has assigned garage for parking and there is an additional garage for parking or a storage area (a total of 5 garages). Complex also has a coin operated laundry room for tenant use. Property is very well maintained and is located in a quiet area that is close to freeways and public transportation.
Quaint 4-plex within walking distance to parks and beach. There is a large back yard which is shared by tenants for barbecues and relaxation. The basement contains a laundry room/ storage area. The two bottom units have wood floors. The front yard has artificial turf for easy maintenance. Suggested rent in 90814 zip code is $1903 per Long beach Housing Authority 2024 Payment Standards. One unit is under lease of four.
There are 8 units total consist of 6 units building with 2 bedroom and 1 bathroom each built around 1990 per assessor and 2 houses in the rear 1 is 3 bedrooms and 1 bath house and a 1 bedroom and 1 bath house both older built.
2652 E. 15th Street is a 20-unit asset, located in the Zaferia Design District in Long Beach, California. The property is comprised of (18) 1BD/1BA and (2) studio units.Spread across a 21,717 square foot lot, the property has 15 surface parking spaces and two laundry rooms on site for additional income. Priced at a 5.14% cap rate & 11.91 GRM, new ownership can stabilize the asset at a 6.09% cap rate and 10.61 GRM.
2652 E. 15th Street is a 20-unit asset, located in the Zaferia Design District in Long Beach, California. The property is comprised of (18) 1BD/1BA and (2) studio units.Spread across a 21,717 square foot lot, the property has 15 surface parking spaces and two laundry rooms on site for additional income. Priced at a 5.14% cap rate & 11.91 GRM, new ownership can stabilize the asset at a 6.09% cap rate and 10.61 GRM.
Introducing a prime investment opportunity in Long Beach. This fourplex boasts four well-maintained 2-bed, 1-bath units, complemented by six designated parking spaces and a convenient coin-operated laundry facility. The property’s thoughtful design includes storage under the staircase, and its exterior is adorned with charming rose bushes. Currently housing long-term tenants, this is an ideal prospect for both new and seasoned investors. The seller has diligently maintained the property, with recent upgrades to the electrical panel box, copper plumbing system, and window screens new washing machine. Don’t miss out on this investment with a solid rental history!
We are pleased to present 2137 Locust Avenue, a 4-unit investment property in Long Beach, California. This property has a BRAND NEW roof, new foundation for the front 3 bedroom house. The back structure has three 1 bedroom units. All four units are fully renovated. The property can be delivered with the front house vacant which makes for a PERFECT owner user or investment property. The property has excellent cash flow and upside with all the hard work already done. You don't want to miss out on this.
Back units need some work. Great starter units for handy investor. The third building has four detached garages and one parking space. Great upsides potential in the area. Building has character. Some units have laundry hookups. Located near the mass transit line on Pacific Coast Metro and the Anaheim Station A lines. The property is a short distance to the historic Pine Avenue., bike trail, churches, schools, restaurants brewery and Rainbow Harbor. Located on a 7733 square foot lot. If you drive the area you can see that it is improving. The analysis is a wild guess of the expenses and gross income
Please see the Supplements section to access the Offering Memorandum. Beautiful 1151 Daisy Avenue is a charming 12 unit apartment complex in dynamic downtown Long Beach. This property features a roster of ten standard studios, two loft studios, laundry room, and four individual garages. The building was constructed in 1921, has a rentable area of approximately 4,604 SQ/FT, is built on a 7,440 SQ/FT lot, and is in absolutely turn-key condition to generate ample amounts of income from day one. All units are also individually metered for gas and electricity.
3316 E 3rd Str. is 7-unit fully-renovated apartment building located in the sought-after Belmont Heights area of Long Beach minutes from the beach. This buildings consists four (4) one-bedroom one-bath units, two (2) studios and one (1) one-bedroom one-bath garage-conversion ADU. In 2023, the building underwent tremendous capital improvements and now features a new roof, new plumbing, new electrical subpanels and 400A main panel, new tankless water heaters, new windows, waterproof vinyl flooring, shaker cabinets with quartz countertops, stainless-steel appliances and in-unit laundry in every unit as well as newly painted interior and exterior. There are also four (4) single-car garages and an additional surface parking space. The building is now separately metered for electrical, gas, and is sub-metered for water and all utilities are tenant's responsibility. This property is minutes from the beach, shops and restaurants located both at the 4th Street Corridor and those located at Belmont Shore's 2nd Street!
338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 10.98 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers.The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.
An exceptional opportunity awaits to acquire the finest multiunit residence in the coveted Belmont Shore neighborhood. Situated within a leisurely stroll of the renowned 2nd street shops and merely steps away from the pristine coastline, this property exudes pride of ownership. Impeccably maintained, the exterior showcases freshly painted façade and meticulously easy maintained landscaped surroundings. Within this triplex, each of the three units has been thoughtfully and tastefully remodeled to perfection. Showcasing a modern aesthetic, stainless steel appliances adorn the kitchens, including a refrigerator, stove, microwave, and dishwasher. Remarkably, every unit boasts the convenience of its own washer/dryer hookup and the added benefit of a private one-car garage. Unit A and Unit C, both featuring two bedrooms and one bathroom, boast elegant travertine flooring, charming white wood shutters, a cozy fireplace, and the luxury of a private balcony for Unit C, while Unit A enjoys a welcoming porch. Meanwhile, Unit B, with its spacious one bedroom and one bathroom layout, provides ample room for a separate office space. No detail has been overlooked, with all units benefiting from double-pane windows, new air conditioning systems, and Cat5 wiring for your connectivity needs. Curr
This Bixby Knolls home on a corner lot is a must see! The home has been used as a short term rental and all personal property is negotiable. There is a permitted workshop / artist studio off the back of the garage. Room to add an ADU, see ADU site plan in supplements. As you enter the home you're greeted by refinished wood flooring, and upgraded light fixtures. The kitchen has newer cabinets, butcher block countertops, and stainless steel appliances. The bathroom has a newer tub, lovely subway tile surround, and beautiful tile floor. There are two driveways, one going to the garage and the other to RV or boat parking. Both are fully fenced. There is a permitted workshop / artist studio off the back of the garage. Room to add an ADU, see ADU site plan in supplements. The home is located near a wide variety of restaurants, shopping, and nightlife nearby, as well as Los Cerritos Park and the Los Angeles River Trail, which are both just a couple blocks away.
1830 - 1838 E. 7th Street is an 11-unit apartment asset in Long Beach, California. The property is offered at 10.95 GRM and 5.95% cap rate on current rents. The property is comprised of three buildings situated on an 11,668-square-foot lot. There are seven 1BD / 1BA units; two 2BD / 2BA units; one 3BD / 2BA unit; and one 4BD / 3BA house that could be an excellent owner's unit. Most of the 1BD / 1BA units feature attractive patio entrances. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled units offer in-unit washers and dryers. There are six garages that offer the opportunity for ADU conversion to capture additional rental income.
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.
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.