Just Listed! Welcome to 1545 Obispo in Long Beach! This is an 8-Unit Apartment Building, Fully renovated in 2019! Each unit is a 640 Sqft 2 Bedroom / 1 Bath. All units are occupied with full time tenants. There are 8 Parking spots behind the building and 1 garage attached to the front unit. The front unit also has a gated patio in front, and 5 of the other units have balcony space upstairs. Shared Common area Laundry room. Current leases in place bring in between $2000-$2350 Per month rough total $17,500 gross monthly rent, with options to renew leases and raise rent! Do not miss out on this great investment opportunity!
527 W. 3rd Street is a 36-unit apartment asset in prime Downtown Long Beach. The property features a mix of four (4) 1BD / 1 BA, (27) studios, and five (5) micro studios. Many of the units have been renovated with designer fixtures and finishes, including new countertops, cabinetry, tile and flooring in the kitchens and bathrooms, stainless steel appliances and lighting. The secured access building offers a bright, spacious entryway, new carpet and paint in hallways, and on-site laundry facilities. With its prime West Gateway location, the property provides convenient access to the newly redesigned Lincoln Park, an integral part of the 22- acre, $520 million Civic Center redevelopment project. The Long Beach Civic Center Master Plan includes a 270,000-square-foot City Hall, 93,500-square-foot landmark Main Library, updated bike/bus/Metro Blue Line transit system, design guidelines for 800 residential units, and vibrant amenities across the revitalized Downtown area. 527 W. 3rd Street presents a new buyer with a beautifully renovated asset in a highly desirable Long Beach location at 12.89 GRM on actual rents.
Opportunity knocks!!! wonderful opportunity to own this property less than two miles from Alamitos beach! Units are in need of cosmetic repairs, providing the perfect canvas for a new owner to live in one and rent the other or rent both units for passive income. The property offers tons of potential as it's conveniently located close to schools, shopping & freeways.
PRICE REDUCED! THIS PROPERTY IS CURRENTLY BEING RENTED AS A TRANSITIONAL LIVING HOME. IT IS PART OF A 6 PROPERTY PORTFOLLIO. PROPERTIES CAN BE SOLD SEPARTATLY. THIS BUILDING CONSISTS OF 1- THREE BEDROOM 1 BATH AND 3- ONE BEDROOM ONE BATH UNITS WITH 5 GARAGES. CHECK OUT THE INCOME.
4 Unit apartment building. Each unit has 3 bedrooms and 1 bathroom. 5 on-site carports.
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.