736-742 Olive is a 12-unit apartment building located in Long Beach, CA. The property is priced at a 6.0% cap rate and an 11.56 GRM on current rents. Built in 1927, the property includes (2) studios, (1) 5BD/2BA unit, and (9) 3BD/1BA units. Parking is available on-site with eight (8) garages and eight (8) surface spaces. The majority of the units have been updated with new flooring, paint and countertops. New ownership can generate additional upside by converting garages to ADUs, without losing surface parking in the interior courtyards. With a 91 Walk Score, the asset is well located near vibrant Downtown Long Beach and Alamitos Beach.
1050 Gaviota Avenue is a 14-unit asset, located in the in Long Beach, California. Built in 1963, the property is comprised of (1) 4BD/1BA, (3) 3BD/1BA + Den, (4) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA units. Spread across a 12,474-square foot lot, the property has eight (8) garages and a laundry room on site providing additional income. The garages also offer the opportunity for ADU conversion. Priced at a 5.65% cap rate & 11.95 GRM, on actual rents, new ownership can stabilize the asset at a 6.07% cap rate and 11.34 GRM.
736-742 Olive is a 12-unit apartment building located in Long Beach, CA. The property is priced at a 6.0% cap rate and an 11.56 GRM on current rents. Built in 1927, the property includes (2) studios, (1) 5BD/2BA unit, and (9) 3BD/1BA units. Parking is available on-site with eight (8) garages and eight (8) surface spaces. The majority of the units have been updated with new flooring, paint and countertops. New ownership can generate additional upside by converting garages to ADUs, without losing surface parking in the interior courtyards. With a 91 Walk Score, the asset is well located near vibrant Downtown Long Beach and Alamitos Beach.
Large Office or Retail space available in dynamic Downtown Long Beach, bordering the Historic District. Ready for a tenant who wants to make the space their own! Ideally located near public transit in a walkable neighborhood. ~15,000 SF lot area includes a private parking lot. 2 Buildings separated by a breezeway - larger building is 3,300 SF and smaller building is 500 SF. Main building has 4 bathrooms, floor plan is changeable, tenant required does necessary improvements to meet their needs. Owner is seeking a long-term tenant (10 years with option to renew). Tenant will have right of first refusal. Some Permitted Uses Include: Basic Professional Services Live or Movie Theatre Business Support Service Fitness / Health Center Professional / Business School Restaurants / Ready-to-Eat Museum Basic Retail Sales Major Appliance Sales See longbeach.gov for to verify permitted and conditional business uses. Information deemed to be reliable although not guaranteed.
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.
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.
19 Room and 1 Mangers Housing Motel for Sale in Downtown Long Beach. All Rooms and Bathrooms have been renovated in the recent years. Property sits on a large lot with lots of available parking. Managers units is 1 bedroom with 1 full bath. Property has in house laundry with maid service. Close to the 710 Freeway Between 7th Street and Anaheim. Business is excluded from sale. Gross Income is 445,000/YTD
Coldwell Banker Commercial Blair is pleased to announce the listing of 750 Long Beach Blvd. The subject property is zoned PD30. The Planned Development (PD) District is established to allow flexible development plans to be prepared for areas of the City which may benefit from the formal recognition of unique or special land uses and the establishment of special design policies and standards not otherwise possible under conventional zoning district regulations. Purposes of the planned development district include permitting a compatible mix of land uses, allowing for planned commercial areas and business parks, and encouraging a variety of housing styles and densities. With this zoning the City has seven primary goals, these include: 1. Promote investment and housing growth, with a focus on affordable housing and preventing displacement. 2. Modernize regulations to comply with the State's design standard requirements. 3. Streamline California Environmental Quality Act (CEQA) compliance. 4. Align the Downtown Plan with recent policy changes in the Land Use Element (LUE), Housing Element and other city planning efforts. 5. Adopt a Specific Plan consistent with State law, standards and best practices. 6. Provide regulations suitable for the smaller or irregular land use sites within
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.
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.
MASSIVE UPSIDE with a proforma CAP of 7.44%. NOI is $223,200 and gross income is $372,000. Property has a new roof!! 15 studio rentals upstairs are vacant and need to stripped down to the studs. Five lower retail units are in average condition. Two are currently rented at $1,500/mo with month to month tenants that will vacate upon sale. All commercial units will be delivered vacant. Located a half mile East of the 710 freeway with great rental demand in the area. This would be a great Section 8 play or great for government sponsored tenants. Would also work for regular tenants as well (after reno). Great opportunity and this will NOT last
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.
Updated office space including kitchen. Parking right in front of building. Location is compliant for small cannabis manufacturing or distribution business. (Buyer to verify Zoning). Located close to the Port of Los Angeles, downtown Long Beach and the 710 Freeway. Can be purchased together with 2095 W 16th st and 2000 W 16th St Call agent for details.
Price slashed. Lot goes street to street Updated warehouse built with upgraded mega power, new transformer, plumbing and drains. Includes remodeled office with plenty of street parking and inside gated area. Location is compliant for Cannabis Manufacturing or Distribution Business. (Buyer to verify Zoning). This property is being sold together with adjacent lot located at 2005 W. Gaylord St. with lot size 6,451 sqft ***Combined lot size 12,896 sq ft. Two corner back to back lots with so much potential! Located near the Port of Los Angeles, downtown Long Beach and 710 Freeway. Owner may carry with 25-30% down.
4 Unit apartment building. Each unit has 3 bedrooms and 1 bathroom. 5 on-site carports.
Great business opportunity, 25+ years successful business, multiple merchandise which includes adult and children clothing, CD's beauty supplies and more.
The median home value in Long Beach, CA is $582,700. This is lower than the county median home value of $607,000. The national median home value is $219,700. The average price of homes sold in Long Beach, CA is $582,700. Approximately 37.99% of Long Beach homes are owned, compared to 56.98% rented, while 5.03% 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 90813 has a population of 470,489. Long Beach 90813 is less family-centric than the surrounding county with 30.58% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Long Beach, California 90813 is $58,314. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Long Beach 90813 is 34.3 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 46.1 degrees. The average rainfall is approximately 13.8 inches per year, with 0 inches of snow per year.