Multi-Family 16 Unit Apartment Community - N Long Beach CA

For Sale

477 E South St, Long Beach, CA 90805

This Long Beach property for sale is located at 477 E South St. The general use of Multi-Family 16 Unit Apartment Community - N Long Beach CA is multi-family and it incorporates 9,840 square feet of class B multi-family space. The current listed sale price for Multi-Family 16 Unit Apartment Community - N Long Beach CA is $4,100,000. Multi-Family 16 Unit Apartment Community - N Long Beach CA is situated on a lot that is 0.24 acre in size.

Contacts

broker
Sam Griffin, CBI

eXp Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 9,840 SF
  • Units 16
  • Lot Size 0.24 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1961
  • Date Updated Dec 10, 2024
North Long Beach near Atlantic Avenue.Invest in north Long Beach and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.42% at 100% occupancy, and significant rent upside. Two units are vacant and ready for market-rent tenants, and all existing tenants are on month-to-month leases. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels (main and subs), and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed used development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways. For more information, execute this NDA https://www.jotform.com/sign/243155061138046/invite/01jce5asjq6f0d8b9b98ab2244.
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Getting around

  • 80/100

    Walk Score ®

  • 44/100

    Transit Score ®

  • 64/100

    Bike Score ®

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Location

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

Points of Interest

  • Del Amo

    1.63 miles

  • Wardlow

    2.85 miles

  • Long Beach Boulevard

    4.66 miles

  • Pacific Coast Highway

    4.90 miles

  • Anaheim Street

    5.42 miles

  • Willowbrook/Rosa Parks

    5.55 miles

  • 5th Street

    6.01 miles

  • Pacific Avenue

    6.10 miles

  • Avalon

    6.47 miles

  • 103rd Street/Watts Towers

    6.55 miles

  • 76

    1.02 miles

  • Valero

    1.36 miles

  • Chevron

    1.41 miles

  • Mobil

    1.44 miles

  • Shell

    1.44 miles

  • Arco;Am pm

    1.45 miles

  • 7-Eleven

    1.59 miles

  • Arco

    1.66 miles

  • EVgo

    2.78 miles

  • eVgo

    2.97 miles

  • Metro Park and Ride

    1.64 miles

  • Visitor Parking

    1.75 miles

  • parking structure

    2.15 miles

  • Frontier Parking

    2.64 miles

  • visitor parking

    3.05 miles

  • Long Beach Motel

    0.32 miles

  • Crystal Casino & Hotel

    2.20 miles

  • Hotel Salina

    2.26 miles

  • Sunshine Motel

    2.30 miles

  • Motel 6

    2.35 miles

  • Royalty Inn

    2.56 miles

  • Artesia Motor Inn

    2.64 miles

  • Bellflower Travel Inn

    3.08 miles

  • Village Hotel apts

    3.23 miles

  • Courtyard

    3.31 miles

  • Best Food Market

    0.70 miles

  • Big Saver Foods

    1.17 miles

  • Food 4 Less

    1.18 miles

  • Fallas

    1.19 miles

  • Superior (market)

    1.20 miles

  • ALDI

    1.26 miles

  • Vons

    1.35 miles

  • Smart & Final

    1.49 miles

  • Marshalls

    1.52 miles

  • Northgate

    1.57 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
Sam Griffin, CBI

eXp Commercial