Contacts

Damien Breaux

Morgan Skenderian Investment Real Estate Group

Property Details

Property Type Multi-Family
Property Size 9,358 SF
Units 10
Lot Size 0.17 Acre
Additional Rent Contact for pricing
Year Built 1963
Date Updated Dec 18, 2024

Discover the vibrant and diverse community surrounding the property in Long Beach, CA. This bustling area offers easy access to the stunning coastline, trendy eateries, and cultural hotspots, making it a prime location for multifamily investments. Residents can explore the historic Belmont Shore neighborhood, enjoy recreational activities at Junipero Beach, and immerse themselves in the thriving arts scene at the Long Beach Museum of Art. Nearby attractions such as the Queen Mary, Bluff Park, and lively East Village Arts District ensure a dynamic and engaging atmosphere for tenants. The area's combination of urban convenience and coastal charm presents an enticing opportunity for low-rise/garden investors seeking a desirable location with an array of attractions.Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $267.15/SF and $250,000 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected ±85% in rental upside, making it an enticing option for long-term ownership. The motivated sellers further enhance the appeal of this promising investment prospect.

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Highlights

Incredible Unit Mix Consisting of 1, 2 & 3-Bedrooms
Price at $267.15/SF and $250,000/Unit
Added Value Opportunity – Projected ±85% in Rental Upside
Long Term Ownership – Motivated Sellers
Newer Windows, Electrical Panels & Railings

Attachments

Sale Brochure (PDF) opens in new window

Getting around

93/100
Walk Score ®
49/100
Transit Score ®
73/100
Bike Score ®

Powered by Walk Score ®

City Long Beach, CA
Neighborhood Rose Park
Zip Code 90804
Market Los Angeles

Points of Interest

5th Street

1.60 miles
Anaheim Street

1.65 miles
Pacific Coast Highway

1.86 miles
Pacific Avenue

1.86 miles
Wardlow

3.64 miles
Del Amo

5.74 miles

ARCO

0.42 miles
SB gas

0.51 miles
Chevron

0.56 miles
Mobil

0.73 miles
USA gas

1.08 miles
Arco

1.19 miles
Speedway Express

1.20 miles
Shell

1.36 miles
Blink Charging Station

1.57 miles
eVgo

1.88 miles

Long Beach Transit

0.69 miles
P2

1.20 miles
Lot 7 staff

1.25 miles
Lot 10

1.30 miles
Lot 3 Staff

1.30 miles
Lot 1

1.32 miles
"JJ"

1.34 miles
Lot 2

1.36 miles
Lot 4 Staff

1.36 miles
Lot 9 Staff

1.38 miles

Royal Inn Motel Long Beach

0.55 miles
Coast Motel

0.97 miles
Long Beach Motel

0.98 miles
Long Beach Inn

0.98 miles
Cherry Motel

1.00 miles
Monterey Motel

1.02 miles
Argonne Motel

1.02 miles
Quality Inn Near Long Beach Airport

1.10 miles
Quality Inn Long Beach - Signal Hill

1.11 miles
Travel King Motel

1.12 miles

Big Saver Food

0.17 miles
Northgate Market

0.36 miles
Ralphs

0.39 miles
La Bodega

0.53 miles
Smart & Final Extra!

0.58 miles
Food 4 Less

0.59 miles
Factory 2-U

0.60 miles
Total Fashion

0.62 miles
La Vista Market Carniceria

0.90 miles
ALDI

1.23 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.