Contacts

Drew McAllister

NRE Commercial | CRE Advisors

Property Details

Property Type Other
Units 5
Additional Rent Contact for pricing
Date Updated Dec 17, 2024

This is a unique opportunity to purchase a true value add 5-unit apartment complex in a core Southern CA market with real upside to a 6.80% cap rate. This is the first time the property has been on the market in almost 30 years and is a great bite sized deal for both a first time or seasoned investor. The unit mix consists of (1) Large 1 BD/1BA, (4) 1BD/1BA, there is on-site laundry and (2) on-site garages that can generate additional income.

The property boasts an incredibly tenant friendly location near two major arteries (Pacific Coast Hwy & Lakewood Blvd) and is walking distance to many restaurants & retailers including LA Fitness, Chick-fil-A, CVS, Wells Fargo, Chase Bank, Raising Cane's, Starbucks, Jimmy Johns, The Habit, Staples and Big 5 to name a few

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Getting around

83/100
Walk Score ®
46/100
Transit Score ®
64/100
Bike Score ®

Powered by Walk Score ®

City Long Beach, CA
Neighborhood Traffic Circle
Zip Code 90804
Market Los Angeles

Points of Interest

Pacific Coast Highway

2.61 miles
Anaheim Street

2.67 miles
5th Street

2.84 miles
Pacific Avenue

3.10 miles
Wardlow

3.66 miles
Del Amo

5.58 miles
Calico Station

9.09 miles
Camp Snoopy Depot

9.19 miles

Blink Charging Station

0.22 miles
Vons 3076 Fuel Station

0.33 miles
Arco

0.47 miles
Mobil

0.68 miles
Shell

0.93 miles
Chevron

0.98 miles
SB gas

1.10 miles
76

1.10 miles
ARCO

1.14 miles
eVgo

1.66 miles

(parking for playhouse)

0.64 miles
Current Parking Lot

0.95 miles
(private parking)

1.21 miles
parking structure

1.25 miles
Don Temple Storage

1.33 miles
(parking structure)

1.36 miles
G10 lot

1.38 miles
G2

1.39 miles
R2

1.44 miles

Marina Motel

0.18 miles
Econo Lodge Long Beach I-405

0.32 miles
QueenCity Inn

0.37 miles
Quality Inn Long Beach - Signal Hill 1

0.57 miles
Don's Motel

0.57 miles
Quality Inn Long Beach - Signal Hill

0.60 miles
Quality Inn Near Long Beach Airport

0.60 miles
Long Beach Inn

0.78 miles
Cherry Motel

0.93 miles
Hotel Current

0.95 miles

Ralphs

0.23 miles
Marshalls

0.27 miles
Vons

0.38 miles
Ross

0.40 miles
Total Fashion

0.79 miles
Factory 2-U

0.81 miles
Food 4 Less

0.81 miles
La Bodega

0.93 miles
Smart & Final Extra!

1.12 miles
Lazy Acres Market

1.21 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.