Contacts

Damien Breaux

Morgan Skenderian Investment Real Estate Group

Property Details

Property Type Multi-Family
Property Size 5,406 SF
Units 8
Lot Size 0.14 Acre
Additional Rent Contact for pricing
Year Built 1943
Date Updated Dec 22, 2024

Nestled in the vibrant city of Long Beach, this property offers an exciting location for multifamily/low-rise/garden investors. Long Beach is renowned for its coastal charm, diverse community, and thriving arts and culture scene. The nearby East Village Arts District is a haven for eclectic dining, art galleries, and boutique shopping. Outdoor enthusiasts will appreciate the close proximity to the iconic Long Beach coastline and the picturesque Bluff Park. With easy access to public transportation and major freeways, this area provides a seamless blend of urban convenience and coastal allure, making it an ideal investment opportunity for multifamily property investors.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.

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Highlights

All Two-Bedroom Units
Added Value Opportunity – Projected ±73% in Rental Upside
9.09 GRM and Estimated 8.8% Cash on Cash Return on Market Rents
Long Term Ownership – Motivated Sellers
Newer Windows & Decks
Strong Rental Location
Part of a (4) Property Portfolio - Can Be Purchased Separately or Together

Attachments

Sale Brochure (PDF) opens in new window

Getting around

94/100
Walk Score ®
50/100
Transit Score ®
82/100
Bike Score ®

Powered by Walk Score ®

City Long Beach, CA
Neighborhood Alamitos Beach
Zip Code 90813
Market Los Angeles

Points of Interest

5th Street

1.22 miles
Anaheim Street

1.31 miles
Pacific Avenue

1.48 miles
Pacific Coast Highway

1.57 miles
Wardlow

3.49 miles
Del Amo

5.60 miles

USA gas

0.70 miles
ARCO

0.80 miles
SB gas

0.89 miles
Speedway Express

0.89 miles
Chevron

0.90 miles
Shell

1.02 miles
Mobil

1.06 miles
Arco

1.55 miles
eVgo

1.88 miles
Blink Charging Station

1.90 miles

Long Beach Transit

0.57 miles
P2

1.09 miles
Lot 7 staff

1.14 miles
Lot 1

1.17 miles
Lot 3 Staff

1.18 miles
Lot 10

1.21 miles
Lot 2

1.21 miles
"JJ"

1.25 miles
Lot 4 Staff

1.25 miles
Lot 9 Staff

1.28 miles

Royal Inn Motel Long Beach

0.51 miles
Long Beach Motel

0.61 miles
Argonne Motel

0.64 miles
Travel King Motel

0.74 miles
Beach Inn Motel

0.84 miles
Vagabond Inn Convention Center Long Beach

0.93 miles
Monterey Motel

0.99 miles
Days Inn by Wyndham Long Beach City Center

1.04 miles
City Center Motel

1.05 miles
Travelodge Convention Center

1.07 miles

Big Saver Food

0.22 miles
Northgate Market

0.23 miles
La Vista Market Carniceria

0.54 miles
Ralphs

0.67 miles
La Bodega

0.79 miles
ALDI

0.92 miles
Food 4 Less

0.93 miles
Factory 2-U

0.94 miles
Smart & Final Extra!

0.95 miles
Total Fashion

0.95 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.