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$ 3,200,000
Est. payment | /mo
8,681 Sqft Lot
$ 3,200,000
Est. payment | /mo
8,681 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2501516
HOA Y/N No
Year Built 1953
Lot Size 8,681 Sqft
Property Description
Appraised at $3.55M in 2024! Don't miss this exceptional 10-unit multifamily investment opportunity in the heart of Long Beach. This fully renovated property boasts a 100% occupancy rate and offers a diverse unit mix: (1) x 3 Bed, 2 Bath + Yard, (2) x 2 Bed, 1 Bath, (7) x 1 Bed, 1 Bath. All units were remodeled in 2019, featuring stainless steel appliances, laminate and tile flooring, and modern finishes throughout. The property offers a total of 7,876 sq ft and 5 car garages. Located in a desirable area of Long Beach with easy access to local shops, dining, and the beach, this turnkey property is perfect for investors seeking immediate cash flow and long-term growth. Whether you're a seasoned investor or new to multifamily properties, this property offers both stability and potential.
Location
State CA
County Los Angeles
Area 197 - Long Beach
Zoning LBR1N
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Biking, Sidewalks, Urban
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
New Construction No
Others
Senior Community No
Tax ID 7266026026
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Probate Listing
Listed by Marina Morse • eXp Realty of California, Inc.