We are pleased to exclusively offer for sale this 9 Unit Multi-Family investment located in the vibrant 90804 submarket of Long Beach. This 5,201 SF lot is centrally positioned in Long Beach and offers tenants convenient access to the entirety of the city as well as the confluence of both Los Angeles and Orange County freeway systems. In addition to the building’s excellent location, it has an outstanding unit mix consisting of (2) 2 Bed/2 Bath Units, (2) 2 Bed/1 Bath units, and (5) 1 Bed/1 Bath units. Further, the front house has a new roof and many of the major electric and plumbing systems have been upgraded. This kind of meticulous management is indicative of a well-run operation providing a smooth, headache free investment. As it stands, the offering presents strong day one income with a current CAP Rate of 6.00% as well as a GRM of 10.95 and future upside with a pro forma CAP Rate of 7.41% and GRM of 9.68. Along these lines, the property features onsite washer and dryer hookups allowing investors an easy avenue to increase their annual Cash Flow upon acquisition. All in all, the building is a half mile from Retro Row and just over a mile from the Traffic Circle and the vast dining, shopping, and entertainment options therein. This provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
4/28/2025
|
|
TRACT
|
Eastside (ES)
|
YEAR BUILT
|
1925
|
|
COMMUNITY
|
Eastside, Circle Area
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Central Air, Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
6 Burner Stove, Dishwasher, Electric Range, Gas Oven, Microwave, Refrigerator, Water Heater |
| AREA |
Eastside, Circle Area |
| CONSTRUCTION |
Concrete, Stucco, Wood Siding |
| GARAGE |
None |
| HEAT |
Central, Wall Furnace |
| INTERIOR |
Balcony, Bedroom on Main Level, Ceiling Fan(s), Granite Counters, Pantry, Storage |
| LOT |
5201 sq ft |
| LOT DESCRIPTION |
Corner Lot, Front Yard, Near Public Transit, Rectangular Lot |
| PARKING |
None |
| POOL DESCRIPTION |
None |
| SEWER |
Sewer Tap Paid |
| STORIES |
2 |
| STYLE |
Craftsman |
| SUBDIVISION |
Eastside (ES) |
| UTILITIES |
Electricity Available,Natural Gas Available,Sewer Available,Water Available, Electric: Standard |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Neighborhood |
| WATER |
Public |
| ZONING |
LBR2N |
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Listed with Lyon Stahl Investment Real Estate, Inc.
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 4/29/25 2:22 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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