This 12-unit multifamily property, located in the highly sought-after 90814 zip code of Long Beach, presents a rare opportunity to acquire a fully renovated, turnkey investment in a thriving rental market. Built in 1923, the property has been thoughtfully upgraded in 2023 with new ?ooring, paint, and appliances, ensuring a contemporary living experience while preserving its classic architectural charm. The unit mix consists of one-bedroom, one-bath units, catering to the strong demand from the area’s blue-collar workforce. With historically high occupancy rates and rental growth in Long Beach, these properties provide immediate cash ?ow with the potential for further rent optimization. The building offers operational ef?ciencies and economies of scale for investors. This offering represents an excellent opportunity to acquire stabilized assets in a dynamic and growing market for a seasoned investor or a ?rst-time buyer looking to expand their portfolio.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
4/22/2025
|
|
TRACT
|
Downtown (DT)
|
YEAR BUILT
|
1923
|
|
COMMUNITY
|
Downtown Area, Alamitos Beach
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Electric |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Double Oven, Electric Oven, Refrigerator |
| AREA |
Downtown Area, Alamitos Beach |
| CONSTRUCTION |
Drywall, Stucco |
| HEAT |
Wall Furnace |
| INTERIOR |
Ceiling Fan(s), Recessed Lighting |
| LOT |
6579 sq ft |
| LOT DESCRIPTION |
11-15 Units/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| STYLE |
Cottage |
| SUBDIVISION |
Downtown (DT) |
| UTILITIES |
Cable Available,Phone Available,Sewer Connected |
| WATER |
Public |
| ZONING |
LBR2N |
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Listed with Justin White
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/23/25 7:29 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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