Tenant occuoied - Newly remodeled Front home and New construction ADU! Great Westside neighborhood within walking distance to Elementary, Middle and High School! Super cute 2 bedroom one bath home with fenced front yard. New construction 2024 Back house 2 bedroom 2 bathroom, walk in closets, Stackable washer and dryer hook ups, Both homes have AC. there is a gated driveway and spacious front patio for each home. short drive to terminal Island and Long Beach Harbor.
8-UNIT VALUE-ADD OPPORTUNITY LEASE-UP POTENTIAL TURNKEY CONDITION PRIME LONG BEACH LOCATION. Welcome to 973 N Park Cir — a rare opportunity to acquire an 8-unit multifamily property in the heart of Long Beach. This updated, turnkey asset is ready for immediate occupancy, allowing a new owner to quickly place tenants and begin generating income. The property is ideally positioned for an investor to stabilize operations by securing high-quality tenants at current market rents, offering strong upside in both cash flow and overall property value. With units in move-in ready condition, this is a streamlined lease-up opportunity. Located in front of Drake Park, the property benefits from a central location with access to local amenities, schools, shopping, and dining. It is also in close proximity to Long Beach City College Pacific Coast Campus, making it an attractive option for student and workforce housing. Convenient access to the 710 and 405 freeways provides connectivity throughout Los Angeles County. This is a true value-add investment with turnkey condition, perfect for investors seeking immediate lease-up, strong rental demand, and long-term appreciation.
Income Producing • Duplex + Additional Unit • Owner-User Opportunity • Renovated• Perfect 1031 Exchange Opportunity • Located at 1347 Atlantic Ave in Long Beach, this income-producing property offers multiple units and flexible living options on a 7,000+ sq ft lot, ideal for investors or owner-users looking to offset their mortgage. The front home is a revived single-story Craftsman, offering over 1,700 sq ft with 3 bedrooms and 2 bathrooms, blending modern upgrades with preserved classic character. The home has been taken down to the studs and fully renovated, featuring a massive open-concept kitchen with large countertop seating, updated finishes, and seamless flow into the main living areas—ideal for everyday living and entertaining. Interior improvements include designer lighting, updated plumbing fixtures, mirrors, vinyl windows, full HVAC system, full electrical re-wire with new panel, and new water heater. The primary suite offers generous space with an en-suite bath, creating a comfortable private retreat. The rear unit is a studio apartment, and the property also includes a third income-producing unit (inquire for details), providing additional rental potential and flexibility for extended occupancy or supplemental income. Exterior features include a large covered front patio resurfaced with stone, turf front yard, large rear backyard, fresh landscaping, and expansive driveway space with parking for multiple vehicles, including a 5-car driveway for the front home and separate 2-car driveway for the rear unit. A rare opportunity to own a fully renovated, multi-unit property with strong income potential, flexible living options, and extensive upgrades already completed.
174 E Plymouth Street is a 9-unit apartment building located in Long Beach, California. Constructed in 1961, the subject property contains 6,187 rentable square feet that is placed on a 7,500 square foot lot. The existing units consist of (9) 2 Bed + 1 Bath units, additionally there are 4 single car parking garages and a shared laundry room. The subject property is located in the eye of the Addams neighborhood, of North Long Beach. Situated just one block South of Market Street, and two blocks East of Long Beach Blvd the property benefits from its convenient location. Long Beach Blvd is known for its diverse range of amenities, including fine dining options, retail shopping centers, and various businesses. With a high walk score of 83, this indicates that residents in this area can easily access these establishments on foot, contributing to a vibrant and walkable neighborhood. These locations may provide additional local services, cultural centers, or points of interest that contribute to the overall appeal and character of the neighborhood. The subject property is attractive to a wide tenant pool because it contains an attractive unit type. 2-bedroom apartments appeal to a broad range of tenants, including work from home individuals looking for an at-home office, small families, couples, and those with roommates. This versatility increases the chances of finding suitable tenants quickly, reducing vacancies and maximizing rental income. 174 Plymouth Street is an exceptional investment opportunity for those looking to acquire a quality multifamily property in Long Beach. With its attractive design, convenient location, and functional units, this apartment building is sure to be a desirable destination for renters and a smart investment for its owner.
Nestled in a highly sought-after neighborhood, This 100 year old craftsmen house has all the necessary updates to make the next 100 years as good as the last. 4027, 4031 11th St offers an exceptional opportunity to own a thoughtfully designed property that combines modern amenities with timeless appeal. Best part about this is that both units will be delivered Vacant! You set the rents, you get your tenants of choice, you get this killer duplex that will be the investment of a lifetime! This updated and well-maintained multi-family property boasts 3 bedrooms, 3 remodeled bathrooms, and almost 1500 square feet of living space, providing ample room for both relaxation and entertainment. Upon entry, you'll be greeted by an open and inviting floor plan, featuring a spacious living area with abundant natural light pouring in from large windows. The interior is elegantly appointed with high-quality finishes, including quartz countertops, new flooring and fresh paint throughout. The kitchen and living room is the heart of the home, is an open concept that perfectly blends the living room and kitchen together. The kitchen is ideal for hosting friends and family over. The kitchen is perfect for preparing meals and hosting gatherings The master suite is a true retreat, offering a generous amount of space and an en-suite bathroom complete with luxury features like a rain shower, new vanity, and gorgeous tile throughout. Additional bedrooms are perfect for a office or guest bedroom for family members or guests. The 2nd unit is a 1 bed 1 bath and mirror image of the 2 bedroom 2 bath except that it doesnt have en suite suite bathroom but it does have an attached bathroom to it. The kitchen and baths are same materials and design to keep it uniform. For those who appreciate convenience, 4027 E 11th St is located in a prime area that offers both peace and privacy while being just minutes away from the vibrant local community, making it ideal for commuters and those who enjoy city amenities. The property best feature and real money maker is a detached garage with ADU potential and ample storage space. The low-maintenance yard is perfect for those with busy lifestyles or who prefer to enjoy that outdoor living If you’re a first-time homebuyer, an investor, or someone looking for a comfortable and sophisticated place to call home, 4027 E 11th St is a must-see.
4124 E Broadway presents a rare opportunity to acquire a well-maintained Spanish-style residential income property in the highly desirable Belmont Shore / Belmont Heights coastal enclave of Long Beach. The asset consists of four units, including two 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio unit (buyer to verify permits), offering a diversified unit mix that supports durable tenant demand across multiple renter profiles.The property generates approximately $ 9,775 in monthly gross income ( $117,300 annually), equating to a 5.4% current cap rate. With demonstrated rental upside and below-market in-place rents, investors can expect an even greater cap rate with strategic interior upgrades, unit turns, and alignment to prevailing market rents. The partially renovated studio unit provides an immediate value-add component, reducing initial capital outlay while illustrating achievable rent premiums. This offering represents a compelling blend of stable cash flow and operational upside, supported by strong underlying fundamentals in a supply-constrained coastal submarket. Belmont Shore/Belmont Heights continues to exhibit high occupancy levels and resilient rent growth due to limited new multifamily development, coastal zoning restrictions, and sustained lifestyle-driven demand. Additional amenities include two single-car garages, two driveway parking spaces, on-site community laundry, and a generously sized communal backyard that enhances tenant livability and retention. Notably, additionally two units feature private outdoor spaces—an increasingly scarce amenity that supports rent growth and tenant stability. Located just blocks from the Pacific Ocean and within close proximity to Alamitos Bay Beach, Bluff Park, and the vibrant retail and dining corridor along 2nd Street, the property benefits from exceptional walkability and a premier coastal lifestyle. This irreplaceable location serves as a natural hedge against market volatility, reinforcing long-term appreciation potential. With in-place income, identifiable value-add potential, and positioning within one of Long Beach’s most sought-after rental corridors, 4124 E Broadway offers investors a rare opportunity to acquire a defensible coastal asset with both yield and growth characteristics. Buyers are advised to conduct their own due diligence regarding rent control regulations, permitting, and market rent assumptions.
Attention! The Back unit will be vacant end of month… Any one looking to make an owner occ offer now is your time! Great location to live in one and rent the other or rent out both. Beautifully remodeled. Hardwood floors, tiled kitchens with stoves, fridges and bathrooms e=remodeled with new vanities, deep soaking tubs. Laundry room in each unit with washers/dryers. Loads of windows. Light and bright. Front unit has faux fireplace and private side yard and parking for 3 cars on newly poured driveway. Back unit has a huge back yard can accommodate an ADU for value add. Private parking off the alley and a garage currently used by the owner for storage items to the units can be converted in an other ADU. All new fencing, and exterior lighting . New SCE panel and sub panels in each unit. Updated plumbing, restored siding new paint last year and drought tolerant yards.
Introducing a rare coastal investment opportunity along the highly coveted Peninsula of Long Beach, an irreplaceable 16 unit multi-residential offering defined by character, location, and long-term upside. Originally crafted in the early 20th century with thoughtful expansions mid-century, this charming collection of residences blends vintage architectural appeal with enduring income potential. Set on a prime coastal parcel just moments from the sand, the property encompasses approximately 6,700+ square feet of rentable living space across a well-utilized lot exceeding 7,100 square feet. The unit mix is both diverse and strategically appealing, featuring a curated combination of one-bedroom residences, airy loft-style studios, classic studios, and one unit currently utilized for airbnb, each offering unique layouts that cater to a wide tenant demographic drawn to the Peninsula lifestyle. Enhancing both convenience and value, the property includes six private garages, an exceptional amenity in this beachside enclave, presenting not only immediate value for residents but also compelling potential for reconfiguration, additional income streams, or future ADU conversion (buyer to verify). Surrounded by the vibrant energy of Belmont Shore, Alamitos Bay, and the Pacific coastline, this asset represents a sophisticated blend of coastal charm, architectural legacy, and forward-looking investment potential in one of Long Beach’s most tightly held seaside neighborhoods.
10 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6% from day 1! Large unit mix of 9 (2bed/1bath) units and 1 (1bed/1bath) unit including 2 brand-new attached ADUs. Most units boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Non-LA-City rent controlled asset allowing significant 8% annual rent increases (5%+CPI) for future upside. The property also offers on-site laundry and parking that generates additional income. Prime North Long Beach location minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.
California Spanish Style in historic Hellman craftsman neighborhood. Front building extra large units. All units are 2 bed 1 bath fully occupied. Upstairs back unit newly renovated with its own yard and laundry room. Some new windows. Four garages and one with a walkthrough door. Recently painted. Garden style landscape and two gated common yards. Also see listing of same owner 1013 Daisy Ave. 3 Plex with ADU potential(please do your own diligence). Could be sold in conjunction with this listing! PW26083321
Quaint 2 Front units. The 3 bedroom back unit is a separate building. 4 enclosed parking spaces, 4 garages on the alley and one garage adjacent to the front 2 bedroom unit. ADDITIONAL DWELLING UNITS(ADU'S) Potential, Buyer to verify all development rights. Separate electricity, gas and water meters, separate water heaters. New front roof. Front unit has 3 car driveway. Also see listing in another Craftsman style neighborhood, same owner. 1310 Hellman Street 5 Plex. Could be sold in conjunction with this listing! PW26083553
8-unit apartment building located in Downtown Long Beach. The property features a unit mix of (6) studios and (2) 1-bed/1-bath units, all with upgraded interiors. The building has been well maintained and has upgraded electrical panels. There is also a well sized basement with potential to be converted into a common area laundry room. Located on a corner lot with good visibility and access to local amenities, employment centers, and the 710 Freeway. Downtown Long Beach continues to see new development, supporting rental demand. Opportunity for stable cash flow with additional upside through rental increases.
Good location Located in the heart of Long Beach close to public transportation, markets and restaurants. This 8 units property consists of three separate buildings with two houses (older built) and a 6 units three story building with great tenants. There is common shared driveway with the neighboring property.
Dive into this diversified investment, a mixed-use property yielding strong revenue with upside potential and preliminary redevelopment concept plans. Nestled in an evolving Long Beach neighborhood, this compelling asset covers two lots with separate APN's, merging lucrative commercial operations with updated residential spaces for a dynamic revenue stream. The front building features two retail store fronts on the ground level, and upstairs a three bedroom apartment features dual primary sized rooms with a common bathroom. The rear duplex qualifies as a multi-family residential duplex. Upstairs at the rear you'll find a two-bedroom apartment (converted) with great balcony space and tons of daylight. Downstairs rear is a large one bedroom apartment. Each residential unit has its own new laundry in-unit and there's a long driveway with off-street parking at the back. The two separate APN's of this purchase opportunity could allow for conventional financing of the rear duplex, increasing attainability for newer or first time investors. The allure of this property extends beyond its current income generating capabilities to a future filled with promise, highlighted by the preliminary sketches for the development of 20 micro-apartment as an option for future development. Envision the rent roll on a prospective 20 micro-units building! Recent improvements and new construction are reshaping the neighborhood, not to mention the cities investment of over $750MM on infrastructure via the "Elevate '28" plan. These two buildings collectively known as 219 E 10th Street stand out as a stellar choice for investors aiming for a combination of steady diversified income and the opportunity for expansive growth and appreciation. The strategic benefits of owning a desirable mixed-use building with upside potential, redevelopment potential, and situated on two APN's make this a rare gem. Updated units, off-street parking, a prime location, and a manageable 5 door roster underscore the ease of stepping into this investment for new investors and seasoned professionals alike. This opportunity presents a rare window to invest a forward-thinking, multifaceted investment perfect for those poised to leverage the city's bright prospects and sights on the long term. APN #7273-007-037 (215, 219, 219.5) and APN #7273-007-035 (221, 221.5). Subject to CA rent control law. All remarks made in good faith, however cannot be guaranteed by listing agent / broker. Buyer to verify.
NEW PRICE! Exceptional Bluff Park Spanish Fourplex —Owner-User Opportunity, Current Income & Future Upside Just Two Blocks from the Beach. Rarely does a property offer this combination of location, income, flexibility, and extensive improvements. If all four residences were rented, the property has the potential to generate approximately $1845 per month / $142,140 annually in gross income. The spacious 4-bedroom, 2.5-bath current owner’s residence is estimated at $4,500 per month ($54,000 annually), while the three 1-bedroom residences currently generate a combined $7,345 per month ($88,140 annually). For an owner-user, the opportunity is equally attractive. Occupy the expansive four-bedroom main residence while collecting nearly $7,350 per month from the three additional residences, an exceptional combination of comfortable coastal living and substantial rental income. The property has benefited from over $700,000 in improvements, including an extensive reconstruction to the owners unit, taken down to the studs while carefully preserving the property’s original Spanish architecture and character. Improvements include updated plumbing and electrical systems, countertops, garage reconstruction, seismic retrofitting, HVAC, whole-house stereo, private laundry, and a private patio with built-in seating and BBQ. The residence also includes a two-car garage. Each of the three 1-bedroom residences enjoys its own private patio, while the property is centered around a beautifully landscaped courtyard accented by fountains, creating a wonderful sense of privacy, charm, and separation between the residences. Located just two blocks from the beach in highly desirable Bluff Park, this is a rare coastal investment offering current income, owner-user flexibility, and future income potential—all while enjoying the lifestyle and character of one of Long Beach’s most sought-after neighborhoods.
A Masterfully Reimagined Investment Opportunity: Step into one of Long Beach’s most desirable coastal neighborhoods. This exceptional multifamily estate has been extensively transformed, blending timeless architectural charm with sophisticated modern finishes to establish a new benchmark for turnkey investment excellence. A rare offering for the discerning investor, the property delivers both enduring value and elevated living. This premier six unit asset has undergone an extensive renovation with premium-quality finishes throughout, offering the ideal balance of classic character and contemporary luxury. The beautifully updated building has been thoughtfully modernized for today’s lifestyle, featuring all new gourmet kitchens, elegantly remodeled bathrooms, luxury vinyl plank flooring, mini-split climate control systems, upgraded electrical, and entirely new plumbing throughout the property. Further enhancing the estate’s value and versatility are two newly constructed accessory dwelling units (ADUs), seamlessly integrated into the property’s design. Each ADU has been carefully crafted with privacy, functionality, and style in mind, offering private in unit laundry, thoughtfully designed floor plans, and refined interiors that maximize both comfort and efficiency. Additionally, the property features three generously sized garages, providing secure parking and added convenience for tenants and owners alike. The level of craftsmanship and attention to detail is evident throughout the entire property, far too many upgrades and enhancements to fully capture here. Please inquire for a comprehensive list of improvements. Ideally located near the vibrant Belmont Shore Second Street corridor, residents enjoy immediate access to an incredible collection of boutique shopping, renowned restaurants, charming coffee shops, and an energetic coastal atmosphere, all within close proximity to the ocean and Long Beach’s scenic waterfront lifestyle.
Discover the perfect blend of history and creativity in this space, nestled within the iconic Lafayette Building in the vibrant Long Beach Arts District. This is a commercial property used as office space, this versatile space offers endless potential for professional use. The Lafayette Building boasts a rich architectural history and is surrounded by an eclectic mix of galleries, cafes, and entertainment, embodying the artistic energy of the area. Walking distance from the beach and restaurant and shopping centers. Enjoy access to a variety of building amenities while being just steps away from the cultural and culinary delights of downtown Long Beach.
4plex in the heart of Long Beach. This property features four 1-bedroom, 1-bath units, with the potential of turning each of them into 2 bedroom units. Two vacant units now. The building has a functional layout and a central front entry, providing straightforward management and leasing. The property includes a large rear concrete area with gated access, offering potential for additional parking, tenant use, or future improvements. Separate access pathways and open space enhance usability for both tenants and ownership. Located in the Washington neighborhood of Long Beach, the property benefits from a highly walkable location (Walk Score ~93) with easy access to shopping, dining, public transportation, and major commuter routes.
4pex featuring a unit mix of two 3-bed, 2-bath units and two 1-bed, 1-bath units. The property includes three detached garages, providing additional income potential and valuable tenant amenities. Situated on a 6,389 sq ft lot with approximately 2,821 sq ft of living space, the property consists of two separate structures, creating a functional layout for tenants. Located in a highly walkable Long Beach neighborhood, this 4plex has consistent rental demand and convenient access to local amenities. Value-add opportunity with upside through interior upgrades, exterior improvements, and rental optimization. The larger units in particular present strong income potential in today’s market.
Welcome Home to 28 Argonne Avenue, a rare investment gem in the heart of Belmont Shore. This charming 4-unit property offers the perfect blend of timeless coastal living and long-term rental stability in one of Long Beach’s most sought-after neighborhoods. The property features two 1-bed, 1-bath units and two 2-bed, 1-bath units, each with its own gas and electric meter for added convenience. A 2-car garage sits off the alley with shared laundry inside, and there's plenty of curb appeal thanks to thoughtful upkeep and that classic Belmont Shore charm. Located near the beach and close to 2nd Street’s iconic shops, restaurants, and cafés, this location delivers when it comes to lifestyle and accessibility. Residents enjoy easy access to Rosie’s Dog Beach, the Belmont Pier, and over four miles of scenic coastline for leisure and recreation. The 2nd & PCH open-air shopping center is also nearby, offering everything from Whole Foods to boutique retailers and waterfront dining. All units are currently occupied, reflecting the strong rental demand in this neighborhood.
Discover a rare real estate gem in the heart of the historic California Heights neighborhood. This expansive residential property spans three parcels totaling nearly 10,000 square feet, offering an unparalleled combination of privacy, versatility, and investment potential. Unlike traditional multi-family layouts, this property is uniquely comprised of three distinct, standalone-style residences, providing each occupant with a level of seclusion seldom found in multi-family living. The primary residence and front house is a sprawling 3-bedroom, 2-bathroom home encompassing 1,886 square feet. Highlights include original hardwood floors, a spacious living room with fireplace, a versatile den, perfect for a home office or library and an oversized patio and private backyard, ideal for California indoor-outdoor living. Residence 2: The Carriage House is positioned above the 3 separate, 1-car garages for maximum privacy, this unit also features a generous 3-bedroom, 2-bathroom floor plan with updated kitchen cabinets and granite countertops. Residence 3: The Garden Cottage is a charming standalone 1-bedroom, 1-bathroom unit with vaulted ceilings that create an airy, expansive feel. It has updated kitchen cabinets, a private yard and parking for one vehicle plus two exclusive storage units. Each residence is equipped with individual electric and gas meters. All of this is located in the highly sought-after Cal Heights and greater Bixby Knolls neighborhood, known for its strong sense of community and proximity to some of the city’s best shopping, dining, and essential services. Residents also enjoy easy access to award-winning schools, public transportation, and major thoroughfares and just a short distance from Long Beach Airport. Whether you're a savvy investor seeking a high-yield asset or a homeowner looking for an opportunity to live in on unit while the two additional units generate substantial rental income to help offset your mortgage, this property has it all!
Prime Income-Producing Duplex in the Heart of Long Beach. This exceptional investment opportunity in one of Southern California’s most dynamic coastal cities is centrally located in a high-rental demand market and offers the perfect blend of steady rental income, future growth, and great location. The property is comprised of 2 separate units, ideal for investors or owner-occupants. Both units have new exterior & interior paint. Each unit features its own private garage - a highly desirable amenity for tenants giving it a competitive advantage to surrounding rentals and added rental value. The Front unit is currently rented at $3180/month, providing immediate income from day one. The front unit is comprised of 5 bedrooms (smaller sized) that have recent hard surface floor updates and 2 bathrooms. The spacious living room has tiled floors that extend to the ample kitchen equipped with abundant dark-stained cabinetry, granite countertops and includes a stove with fan/hood and double well sink. There’s also a charming shaded front porch, ample driveway parking that accommodates up to 3 vehicles and comes equipped with a wall heater. The back unit is currently vacant and has 4 rooms and 2 bathrooms with tile floors and hard floor surfaces throughout. The kitchen has ample wood-stained cabinetry with granite countertops and includes a stove and fan hood. The main bathroom has a tub and shower combo with pedestal sink and 2nd bathroom has a stand-alone shower. The driveway is accessible from an alley in the back that accommodates 1 car plus a 1 car garage. There’s also a private backyard with nice avocado tree. The property is conveniently located close by to everything that makes Long Beach so desirable. Close to Retro Row for unique boutiques, cafes, and local charm. Enjoy top-rated eateries and nightlife along 4th Street Corridor and a short 1.5-mile drive to Long Beach City Beach and waterfront attractions. Outdoor Recreation includes nearby Bixby Park and conveniently located just 3.5 miles from California State University, Long Beach. The property is just steps away from the bus pick-up and local grocery store and restaurants. Don’t miss out on this great investment property with multiple possibilities for owner occupants, house-hacking and pad splitting.
PRIME INVESTMENT PROPERTY in a RARE OCEANFRONT location in Belmont Shore. This beautiful 10 (origially 12) unit apartment complex sits directly accross from the beach, with sparkling ocean views that will never be blocked! The property is being sold with 7 tenant-occupied units, with a substantial rental upside. The owners have begun significant improvements to elevate the building and maximize the rental income potential. Highlights are the prime unit under renovation with the best views, adding a shared laundry room, City of Long Beach permitting short-term rental for one unit, and Long Beach in the Spotlight for the 2028 Olympic.
HUGE PRICE ADJUSTMENT, MOTIVATED SELLER. Presenting 1242 E. 7th Street, Long Beach, a 3-unit multifamily property with a non-conforming bonus unit offering four income streams in one of Long Beach's most accessible and desirable coastal-adjacent neighborhoods, located less than one mile from Alamitos Beach. The true headline here is the development upside: the property sits on a generous 8,022 SF lot zoned CNR, a flexible bonus-density designation that supports a higher-density mix of residential uses than standard zoning, with access to Long Beach's Enhanced Density Bonus program and significant ADU expansion potential via SB 1211, California's most aggressive multi-family ADU law, which allows one detached ADU for every primary unit on site. For ADU enthusiasts, this lot is a dream come true. The lot size, zoning, and garage footprint check every box for maximizing ADU potential under current California law, making this one of the most ADU-friendly opportunities to hit the Long Beach market. The five detached garages and private laundry room, newly constructed in 2003, further add to the long-term redevelopment potential and additional income opportunities. Combined, these tools create a credible path to dramatically increasing the unit count and long-term asset value. Built in 1911, the property retains its original Craftsman-era character, underwent a full electrical rewire in 2003, and has seen interior upgrades across the units over the years. With a Walk Score of 92 and Bike Score of 90, residents enjoy effortless access to Alamitos Beach, Belmont Shore, Retro Row, and Downtown Long Beach, all just minutes away.
Exceptional 8-Unit Investment Opportunity in Long Beach – Value-Add with ADU Potential! Introducing 2444 Pacific Ave, a rare opportunity to acquire a well-located 8-unit apartment building in the heart of the Wrigley area of Long Beach. This income-producing property offers investors immediate cash flow with significant upside potential through strategic improvements and additional accessory dwelling unit development. The property features eight residential units complemented by five detached garages, presenting a prime opportunity for conversion into Accessory Dwelling Units (ADUs) (buyer to verify with city). This added value component provides a clear path to increasing rental income and maximizing long-term returns. Situated on a desirable stretch of Pacific Avenue, the property benefits from strong rental demand, proximity to major transportation corridors, local retail, dining, and employment hubs. Tenants enjoy convenient access to everything Long Beach has to offer, making this an attractive and stable investment location. Highlights Include: -8-unit multifamily property with strong in-place income -Upgraded electrical and plumbing -SB 721 inspection completed and passed -5 garages with excellent ADU conversion potential -Value-add opportunity through unit upgrades and increased rents -Prime location with high tenant demand -Ideal for investors seeking long-term growth and cash flow - Current Cap - 5.87 Market Cap - 6.87 - Current GRM - 12.18 Market GRM 10.32 Whether you're looking to expand your portfolio or capitalize on Long Beach’s thriving rental market, 2444 Pacific Ave delivers both stability and upside in one compelling investment. The property is professionally managed. Buyer to verify all information.
Long Beach is located in California. Long Beach, California has a population of 466,565. Long Beach is less family-centric than the surrounding county with 27.85% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Long Beach, California is $71,150. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Long Beach is 35.9 years.
The average high temperature in July is 79.4 degrees, with an average low temperature in January of 46.4 degrees. The average rainfall is approximately 13.6 inches per year, with 0 inches of snow per year.
