536 Saint Louis Avenue

N/AThe Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 536 Saint Louis Avenue, an 8-unit multifamily investment opportunity located in Long Beach, CA. 536 Saint Louis Avenue offers a desirable mix of two and three-bedroom layouts with amenities including gated and secured access, garage and surface parking, and an on-site laundry facility. This property rests on the border of Alamitos Beach, one of Long Beach’s earliest coastal neighborhood developments. At the end of the block is 4th Street’s Retro Row where residents enjoy the vibrancy of independent and vintage shops, entertainment, the Art Theatre and restaurants. Additionally, 536 Saint Louis Avenue’s central location, within two miles of Downtown Long Beach, Alamitos Beach, and Belmont Shore, provides an attractive amenity for renters looking for convenient access to Long Beach’s top destinations. 536 Saint Louis Avenue has undergone significant upgrades to its major systems such as upgraded plumbing, newer roof, new hot water heater and upgraded dual-pane windows to several of the units. Select units contain upgraded quartz or granite counter tops, tile flooring, and more. Ownership will have all electrical panels upgraded by close of escrow. 536 Saint Louis Avenue offers residents garage and open space parking which can be separately monetized for additional income. Other amenities include on-site laundry (owned) and secured gated access. A new owner will have the opportunity to convert the existing garages into two, 400 square foot one-bedroom ADUs. Please reach out to the listing agent for more information. In addition, investors can achieve further rental upside through the modernizing the apartment interiors and by possibly adding enclosed patios to all the ground level units. This will help elevate 536 Saint Louis Avenue and yield investors a substantial monthly premium. In addition, an investor can utilize an open area at the rear of the building by converting it into a private yard for the three-bedroom unit.