64th Street Apartments

For Sale

541 E 64th St, Long Beach, CA 90805

This Long Beach property for sale is located at 541 E 64th St. The general use of 64th Street Apartments is multi-family and it incorporates 10,194 square feet of class B multi-family space. The current listed sale price for 64th Street Apartments is $2,880,000. 64th Street Apartments is situated on a lot that is 0.31 acre in size.

Contacts

broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

Property Details

  • Property Type Multi-Family
  • Property Size 10,194 SF
  • Units 16
  • Lot Size 0.31 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1960
  • Date Updated Apr 14, 2025
Located in the vibrant city of Long Beach, CA, the area surrounding the property offers a diverse and lively community perfect for multifamily/low-rise/garden investors. Long Beach boasts a range of attractions and amenities, including the stunning El Dorado East Regional Park, the lively Long Beach Towne Center, and proximity to the picturesque Colorado Lagoon. Residents and investors alike can also enjoy the nearby Bixby Knolls neighborhood, known for its charming shopping and dining experiences. With convenient access to major transportation routes and a thriving local economy, the area presents an exciting opportunity for multifamily/low-rise/garden investment.The 64th Street Apartments offer an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy covered parking, gated access and an on-site laundry room. The city of Long Beach has become one of the Southland’s strongest rental markets, in part due to its central location and rapidly improving neighborhoods. It’s diverse economy includes shipping, trade, manufacturing, tourism, healthcare and education. It is home to California State University Long Beach and one of the busiest ports in the world with The Port of Long Beach.
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Highlights

  • Excellent North Long Beach Location Across From Jordan High School & Houghton Park
  • Priced at $180,000/Unit & $282/SF
  • 10.08 GRM & 6.8% Cap Rate on Current Income
  • 7.87 GRM & 9.5% Cap Rate on Market Rents
  • First Time on the Market in Decades

Getting around

  • 72/100

    Walk Score ®

  • 47/100

    Transit Score ®

  • 78/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Long Beach, CA
  • Neighborhood DeForest Park
  • Zip Code 90805
  • Market Los Angeles

Points of Interest

  • Del Amo

    2.11 miles

  • Wardlow

    3.57 miles

  • Long Beach Boulevard

    3.96 miles

  • Willowbrook/Rosa Parks

    4.95 miles

  • Pacific Coast Highway

    5.63 miles

  • 103rd Street/Watts Towers

    5.93 miles

  • Avalon

    5.97 miles

  • Anaheim Street

    6.15 miles

  • 5th Street

    6.74 miles

  • Pacific Avenue

    6.83 miles

  • Valero

    0.70 miles

  • Chevron

    1.05 miles

  • Mobil

    1.05 miles

  • Circle K

    1.13 miles

  • Arco

    1.27 miles

  • Petro Bras

    1.66 miles

  • 76

    1.70 miles

  • EVgo

    3.02 miles

  • eVgo

    3.70 miles

  • Blink

    4.66 miles

  • Visitor Parking

    1.54 miles

  • Metro Park and Ride

    2.13 miles

  • parking structure

    2.88 miles

  • Frontier Parking

    3.30 miles

  • visitor parking

    3.75 miles

  • Long Beach Motel

    1.04 miles

  • Crystal Casino & Hotel

    1.98 miles

  • Motel 6

    2.10 miles

  • Royalty Inn

    2.37 miles

  • Artesia Motor Inn

    2.45 miles

  • Bellflower Travel Inn

    2.74 miles

  • Lucky Lodge Motel

    2.94 miles

  • Rodeway Inn & Suites

    2.98 miles

  • Hotel Salina

    3.00 miles

  • Sunshine Motel

    3.03 miles

  • Big Saver Foods

    0.64 miles

  • Food 4 Less

    1.17 miles

  • Target

    1.26 miles

  • Best Food Market

    1.27 miles

  • Fallas

    1.54 miles

  • Superior (market)

    1.56 miles

  • Northgate Market

    1.75 miles

  • Marshalls

    1.91 miles

  • Gateway Towne Center

    1.97 miles

  • Ross

    1.98 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.

Contact Listing Broker
broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

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