Contacts

Sam Griffin, CBI

eXp Commercial

Property Details

Property Type Multi-Family
Property Size 13,641 SF
Units 16
Lot Size 0.17 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Year Built 1961
Date Updated Dec 16, 2024

Long Beach near Downtown.This 16-unit apartment community boasts a desirable unit mix of all 2-bedroom and 1-bathroom units. Featuring a new roof, new exterior railings, improved decks and walkways, select window replacements, and 9 recently renovated unit interiors, this property is ready for a smooth transition to the next owner. Five units were recently remodeled top to bottom with new paint, flooring, light fixtures, brand new kitchens and bathroom finishes. Four additional units have been partially updated. This property offers additional income potential with architectural plans to convert 8 garage spaces into 4 ADUs in progress - current Owner already passed the pre-planning stage with the City. All existing units are metered separately. There is a controlled-access gate for extra privacy and security for all tenants. A community laundry room is offered on the property and can acquire extra income. At 100% occupancy, this property has a CAP rate of 5.52%, not including the proposed ADUs. This apartment community is located near the East Village Arts District and Downtown Long Beach where you will enjoy the variety of local parks, restaurants, cafes, and so much more. For more information, execute this NDA https://www.jotform.com/sign/243154957434058/invite/01jce64ywdb1d24c88bea1b685.

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Getting around

82/100
Walk Score ®
64/100
Transit Score ®
90/100
Bike Score ®

Powered by Walk Score ®

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

Points of Interest

Pacific Avenue

0.54 miles
Anaheim Street

0.64 miles
5th Street

0.68 miles
Pacific Coast Highway

0.97 miles
Wardlow

2.88 miles
Del Amo

4.85 miles

76

0.21 miles
Shell

0.27 miles
Chevron

0.27 miles
Arco

0.86 miles
Mobil

0.89 miles
Speedway Express

1.11 miles
USA gas

1.12 miles
eVgo

2.45 miles
Blink Charging Station

3.51 miles
ChargePoint

5.26 miles

Parking structure

0.69 miles
Parking structure (for courthouse)

0.69 miles
parking structure

0.75 miles
Public Parking

0.98 miles
Car carriers

1.20 miles
Lot 1

1.62 miles
Lot 2

1.66 miles
Lot 3 Staff

1.73 miles
Lot 7 staff

1.75 miles
P2

1.76 miles

The Varden Hotel

0.59 miles
Hilton Long Beach

0.74 miles
El Capitan Motor Inn

0.78 miles
State Motel

0.78 miles
Beacon Inn Motel

0.78 miles
Poolside Inn Motel

0.82 miles
La Mirage Inn

0.82 miles
Tower Motel

0.83 miles
Travel Eagle Inn Motel

0.84 miles
Bay Hotel

0.87 miles

Superior Grocers

0.57 miles
Kim Long Market

0.69 miles
Ross

0.72 miles
El Super

0.77 miles
Smart & Final

0.93 miles
Vons

1.08 miles
ALDI

1.11 miles
Northgate Market

1.27 miles
Phnom Penh New Market

1.40 miles
La Vista Market Carniceria

1.41 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.