Introducing a prime investment opportunity at 1885 Chestnut Avenue, Long Beach. This 8-unit apartment complex boasts 17 bedrooms, 8 bathrooms situated on a generous 7500 square foot lot. Excellent unit mixes are (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Three (3) of the units have been tastefully remodeled to go along with a brand new roof install last year in one of the buildings. One of the 3 bedroom unit will be delivered VACANT & remodeled. The other 4 units are still in great condition. There is an onsite community laundry room. The rear has a 4 car garage with access to alley exit that can be converted to ADU's. All tenants are on month-to-month leases and consistently meet their obligations. 11.46 GRM AND 5.9% CAP. Don't miss out on this smart investment in a sought-after location.
This is the high cash flow turn key multi-family you have been looking for! Every one of these units have been beautifully remodeled and all have their own private laundry! The rear building has had extensive updates and consist of 4 units offering refinished hardwood floors, in some units while others have new water resistant laminate. Other upgrade includes new bathrooms, upgraded plumbing, lovely updated vintage kitchens loads of storage, mud rooms with rear exits and each with their own private laundry with gas hook ups, new light fixtures, stainless appliances installed and much more! All located on a huge lot with large common area for tenants. The front duplex is stunning with a huge owner's unit that is absolutely incredible!! Offering soaring coved ceilings, stunning formal dining room with grand bay window and original huge with pocket doors! The gigantic formal living/family room has to bee seen with faux fireplace with all original built in book shelves. There is even a grand formal entry, gorgeous kitchen that is stunning to say the least with solid surface counter tops, amazing light fixtures offering many new upgrades but some original built-in cabinets remain. There are 2 bedrooms one leading out to a really cool private side patio exclusive to the unit and the other bedroom is on the second floor with an enormous walk in closet with access to an huge attic space and 1.5 baths total! The main floor bathroom is enormous and has been fully remodeled. The duplex has a new roof installed and the rear 4 unit has had white coating for added heat prevention. There is a 1 stall detached garage currently used as storage that has the preliminary approval for an ADU conversion, and the finished plans will be provided to the Buyer! Also, the very unique PD-30 zoning on this particular building could allow you to possibly add many more units in the future! (Buyer to verify independently) Truly the possibilities are endless or keep it as it is making great cash flow! All units are separately metered for gas and electric. (All photos were taken after remodel and before tenants moved in, condition may vary)
This property is being offered as a packaged deal. Must be purchased with 6819 Cherry Ave. Long Beach. Total lot size for both properties is over 22,000 sqft. Zoned for commercial use. Currently it's a profitable duplex. Unit 1901 - 2 bed / 1 bath. Unit 1903 - 2 bedroom 1 bath. Minutes away from the 91 freeway.
Courtesy: First Team Real Estate
A fantastic opportunity on an extra large duplex for owner occupant or great investment . This two on a lot has a single family house, 3 bedrooms, 1 1/2 bathrooms, ~1257 sq ft and a permitted detached with 1 bedroom, 1 bathroom, ~728 sq ft. They have separate electric and gas meters. The main house features remolded kitchen, newer bathrooms, a large living room. The living room opens into the kitchen with a bar counter for an open concept. The back unit has new flooring, new paint, new white shaker cabinets, extra large bathroom, stainless steel sink, 2and its own washer/dryer hookups. Both units to be delivered with tenants, and are ready for market rents! Come see us
Units show pride of ownership/ Features include crown molding, hardwood and tile floors newer windows, mini blinds, formal dining floor, Bathroom fully tiled, newer light fixtures newer pedal sink, newer ceiling fans throughout. Property close to shopping, parks, transportation. Front unit address is 1438 E 59th St has 2 bedrooms and 1 bath, 699 Sqft with formal dining area and newer window. Back unit address 1428 E 59th St has 3 Bed, 2 Bath 1035 Sqft. Each unit has its own 1 car garage. The washer dryer hook up is located in the first garage closest to the back unit. Large covered patio. Back Unit Photos taken before the tenant moved in March 2020. Front unit photos taken before the tenant moved in Feb 2023. Roof was replaced in approximately 2022.
Prime Eastside, all electric apt bldg. 11 units with 2-(2 Br), 9-(1 Br), 6-(Garages). First time for sale in 40+ years. Part of a portfolio can be purchased separately or together with other buildings this owner owns. Rents are low creating an add-on value. Close to 4th St. Retro-row in a low vacancy rental area. Located in Rose Park South historic district (see supplements)
Prime Bluff Heights location. First time for sale in 30+ years! Front Craftsman duplex plus 4 units in rear of lot. Excellent low-vacancy rental area! Unit mix: 6-(1 Br's), 4-(Parking). The low rents make this an excellent $ opportunity to create add-on value! Tenants all pay their own gas and electric. There is a laundry room in the front house shared with the whole property. The front house is a duplex with a small one bedroom in front. It has new vinyl floors but is otherwise dated. The other unit back/front is a gorgeously renovated one bedroom with new kitchen , floors , vinyl windows , dishwasher and gets great light. Pictures of this unit included. Units are appx. 600 SF each. The back four units are large one bedrooms. They have nice sized living rooms and the kitchens are connected to small dining area. Units are appx. 720 SF each. There is a basement but there is nothing in it.
Investment Opportunity in Prime Long Beach Location. We are excited to present an exceptional investment opportunity in the highly sought-after Long Beach area. This well-maintained property comprises six spacious, unfurnished units, each offering 2 bedrooms and 1 bathroom with approximately 770 square feet of living space and well over $120K in renovations and upgrades. The total building area is 4,620 square feet, situated on a lot of 6,486 square feet. Key Features: Fully Occupied Units: All six units are currently occupied, ensuring immediate and steady rental income.Desirable Layout: Each unit features 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces. Enclosed Yard: Tenants enjoy the added benefit of an enclosed yard, enhancing the property's appeal. Prime Location: The property is ideally located near amenities, schools, and transportation. Rent Controlled: The property operates under rent control, offering stability and predictability in rental income. This investment offers a combination of reliable income and the potential for long-term appreciation in a coveted area. Great long term tenants, low maintenance. Don't miss out on this outstanding opportunity to bolster your investment portfolio with this bread and butter 6-unit residential income property.
CHARMING TRIPLEX IN THE HEART OF ARTCRAFT MANOR, A Terrific East LB Location ~ Ideal for investors or owner occupants! Discover this delightful triplex nestled in the Artcraft Manor neighborhood, featuring three spacious one-bedroom units, each with hardwood floors throughout. This property sits on a huge lot with beautiful drought-tolerant landscaping and a charming white picket fence, offering fantastic curb appeal. The property boasts light and bright units, each with spacious living rooms, dining areas, kitchens, and even some original charming built-ins. Every unit includes a full bathroom, wall heaters, and AC units for year-round comfort. The front unit, remodeled and upgraded in 2019, shines with newer windows and modern touches. Long-term tenants and low turnover highlight the stability and desirability of this investment. Each tenant enjoys their own garage, and there’s an additional parking space next to the garages for the front unit. The expansive backyard provides ample room to potentially add an Accessory Dwelling Unit (ADU), or to expand the back unit, enhancing the property's value and income potential. Located on a quiet and tranquil street, this property is perfectly positioned for convenience. Enjoy close proximity to the beach, California State University Long Beach (CSULB), all major freeways, shopping, and restaurants.
Pleased to present 6508 Orange Avenue, a secure 8-unit apartment building in the heart of vibrant Long Beach, California. Built in 1960, the property consists exclusively of two-bedroom/one-bathroom units. For added comfort and convenience, the property features an on-site laundry facility as well as (4) off-street parking spaces for tenants to use. This apartment building offers residents easy access to an array of local amenities including shopping centers, restaurants, entertainment venues, and recreational parks. With convenient access to major transportation routes, commuting to other parts of the city is effortless. Priced at $214,375/unit for this unit mix, this property is one of the more affordable deals on the market. Further, through modernization of the units and increases on current rent levels that are projected to be 53% below market, this property offers phenomenal value appreciation and exceptional future cash-on-cash returns.
This 5 units apartment building is perfectly situated in East Village Arts District. What a great place to live, work, eat, play and shop! This apartment building is a short stroll to an eclectic mix of restaurants, shops, and galleries. There is the beach bike path, Convention Center and Shoreline Village to the South and a vibrant Downtown to the west. This location is the epitome of urban living.
Bye Bye nightmare old units. Permitted 4 Separate units with 4 separate meters! Welcome to serenity and prosperity with this rare investment opportunity! All Brand New Construction = no costly repairs + higher rents + high demand from tenants + high tenant retention all while retaining its neighborhood charm on a tree lined residential street= Landlord Dream! . All units are permitted as stand alone units and have separate utility meters (except water) . This property offers four dwelling units on a single lot designed to attract high-quality tenants seeking premium living spaces.. Main House: 3 bedrooms, 2 baths and a connected JADU: 1 bedroom, 1 bath. In the backyard a large ADU: 3 bedrooms, 2 bathrooms. In the rear of the property there is an additional one bath spacious studio = 4 permitted separate units with 4 separate addresses. Open floor plans, sleek exteriors, modern kitchens , luxury bathrooms, energy efficient systems, and soooo much more. This property is more than just a residence; it's a lifestyle. With its perfect blend of classic charm and modern luxury, it offers an unparalleled living experience. Don't miss the opportunity and be stuck buying old units instead!
Pride of Ownership, 6 Unit, Trophy Property! Located within the highly soughtafter community of Alamitos Beach, merely footsteps from the sand. 1517 E. 1st street is a classic, Long Beach, early 1900’s building, featuring all classic characteristics and qualities of early 20th century architecture – boasting magnificent high ceilings, built in cabinetry, hardwood flooring, large open floor plans with an abundance of natural light. Both upper level units have large sunrooms. In 2016 the asset received a full interior/exterior renovation. Improvements include; all new kitchen upgrades (quartz counters, tile flooring, all new cabinetry, stainless steel appliances and all new fixtures). Bathrooms were upgraded with all new granite counters, tile flooring/wainscot, new toilets, tubs and fixtures. Each unit has its own washer dryer and is separately metered for gas and electric. Lower level units have their own private yards and each unit has its own parking space. Located just a short distance from Belmont Shore’s “2nd street”, which houses most of Long Beach's best fashion stores, restaurants, bars and coffee shops. Perfect building for the sophisticated investor looking for a prime asset in an A location.
Pride of Ownership, 5 Unit, Trophy Property! Located within the highly sought after community of Alamitos Beach, merely footsteps from the sand. 1534 E. 1st street is a picturesque 1920’s building, featuring all classic characteristics and qualities of early 20th century architecture – boasting magnificent high ceilings, built in cabinetry, hardwood flooring, large open floor plans with an abundance of natural light. Interior upgrades include (Kitchen improvements; all new Corion counters, stainless steel appliances, new cabinetry and all new fixtures throughout – Bathroom improvements include; Upgraded vanity counters, tile flooring/wainscot, toilets and fixtures). The asset is comprised of One large 3 bedroom x 2 bathroom unit with in unit laundry, along with Four large 1 bedroom x 1 bathroom units. The asset is separately metered for gas and electric and has onsite laundry, 8 onsite garage spaces, with 2 additional open spaces (10 total). The grounds/garden beds have been beautifully manicured with a large tiled patio area perfect for weekend BBQ’s. Located just a short distance to Belmont Shore’s “2nd street”, which houses most of Long Beach's best fashion stores, restaurants, bars and coffee shops. Perfect building for the sophisticated investor looking for a prime asset in an A+ location.
EXCELLENT ASSUMABLE FINANCING FIXED AT 3.75% UNTIL APRIL 2025. Cash on Cash during year 1 will push 8%+ with this excellent debt option. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. 10.86X GRM and 5.8% CAP with upside to 6.4% CAP. Located on the West Side blocks from Down Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree lined street. The property is professionally managed and well maintained. All units have their own private parking included and most have a private outdoor patio. All have W/D hookups. All units have their own water heater. Current loan is with Luther Burbank Savings (now WA Fed). Loan amount is approximately $1.230.000 fixed at 3.75% through April 2025, Interest Only payments. Come April it can adjust up a maximum of 2.0% in year 1. LA is a principal. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND LOAN INFO.
Quadplex property with 3 separate buildings. Front unit is a detached 3 bedroom 2 bath, middle building is two units, a 1 bedroom 1 bath and a studio unit and the back unit is a detached 4 bedroom 2 bath. Newer exterior paint. Property will not be delivered vacant, tenants are current. Don’t miss your opportunity to add this quadplex to your portfolio.
**$50K Price Reduction** Charming 2 story building with 14 good sized studios, great layouts and 5 single car garages, on a tree lined street, and walking distance to Lafayette Elementary School, This Bread and Butter Property, is seperately metered for gas and electricity, while the owner pays water. Well located, central to lots of employment opportunities, close to Long Beach's Downtown, offering fine dining, entertainment, The Pike, Long Beach Aquarium, Long Beach Airport, Long Beach Memorial Hospital and the waterfront. Low operating costs, , secure building, and upside in rents will allow the new owner to reap long term benefits of this great value add investment opportunity.
Courtesy: Y Realty
Welcome to this beautifully designed multi-family property located in the highly sought-after historic Bluff Park neighborhood, just a block from the beach and ocean. Family owned for 70 years and first time ever on the market, this impressive 5-unit property offers a total of 8 bedrooms and 7 baths, spanning 4,863 square feet. The front building consists of two spacious 3-bedroom, 2-bath units that live like single-family homes. The back building consists of two charming 1-bedroom, 1-bath units located above the 5-car garages. A 5th downstairs single unit with a 3/4 bath has a side entrance. Well maintained throughout the years, all but 1 unit has been occupied by the family, with hardwood flooring in all the units, fireplaces and AC in the two front 3-bedroom units. A fantastic opportunity for investors or those seeking a multi-family compound with potential rental income. With its prime location, unique architectural elements, and exceptional features, this property is a must-see!
Discover your dream home in this stunning one-bedroom, one-bath condo located just a block from the ocean in Long Beach. Situated in a gated complex, this lower-level unit offers the perfect blend of classic charm and modern upgrades. Step into a beautifully maintained courtyard as you enter the secure building, creating an inviting first impression. The apartment features newer wood flooring, elegant tile, and granite countertops. The upgraded kitchen comes equipped with a refrigerator, stove, dishwasher, and stylish cabinets, while a large black TV stand with cabinets (TV not included) adds a touch of sophistication to the living space. Enjoy the spaciousness of a large bedroom with ample closet space and additional storage in the generous hall closet. The front room window boasts a view of the quaint shared courtyard, perfect for relaxing. On-site laundry facilities add convenience to your everyday life. Location is everything, and this condo has it all! Just half a block from the beach and marina, you're also within walking distance to Pine Avenue’s vibrant theaters, restaurants, and live entertainment. Explore the nearby Shoreline Village, the Terrace Theatre, the Long Beach Grand Prix, and the new Aquarium, all just moments away. Don't miss the opportunity to live in this beautiful condo that places you at the heart of everything Long Beach has to offer. Schedule a viewing today and experience coastal living at its finest!
1122 Stanley Avenue is a 10-unit apartment building located in Long Beach, California. Constructed in 1963, the subject property contains 7,582 rentable square feet that is placed on a 6,523 square foot lot. The existing units consist of (1) studio, (3) 1 Bed + 1 Bath units, (4) 2 Bed + 1 Bath units and (1) 3 Bed + 2 Bath units along with a 4 car garage located in the rear of the property with alley access.
1120 Stanley Avenue is a duplex located in Long Beach, California. The back unit was constructed in 2015 with the front unit being remodeled the same year, the subject property contains 2,600 rentable square feet that is placed on a 6,369 square foot lot. The existing units consist of (1) 3 Bed + 3 Bath unit and (1) 4 Bed + 3.5 Bath unit along with 2 large double car garages located in the rear of the property with alley access.
Introducing this unique investment property 1548 W. 19th St. & 1550 W. 19th St. in the city of Long Beach. This includes two separate buildings. 1548 W. 19th, built in 1958, features 8 units,: 2 bedrooms and 1 bath each. The bathrooms have been updated. Second detached building (1550 W. 19th St.) is a single family residence (2 story) that has 3 bedrooms and 1 bath. One bedroom is located downstairs and the upstairs has a small loft and 2 bedrooms. The total building square footage is 7,318. The lot size is 9,768 sf. The property also features 7 single car garages, laundry room, newer double pane windows, covered patio, and small garden area. This property has a lot of potential.
Beautiful 4-Plex nestled in the Historic Bluff Park neighborhood of Long Beach, CA, 3056 E Broadway presents a rare opportunity for investors seeking a meticulously maintained income-producing property just four blocks from the beach. Comprising four tastefully renovated 2-Bed/1-Bath units, this charming property boasts a prime location and exceptional condition. Each unit has been extensively remodeled, including kitchens, bathrooms, floors and paint. Bluff Park's desirable location offers tenants easy access to the beach, parks, dining and entertainment options, making these units highly desirable in Long Beach's thriving rental market. With its strong rental demand and proximity to the beach, this property promises consisted occupancy and rental income for investors. This asset is ideal for any investor or first time home buyer due to its offering of immediate returns and long-term appreciation. Bordering Belmont Shore and located in one of Long Beach's top rental markets, this truly is a one-of-a-kind building. It is just outside the $6B of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.
Long Beach is located in California. Long Beach, California has a population of 470,489. Long Beach is less family-centric than the surrounding county with 31.43% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Long Beach, California is $58,314. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Long Beach is 34.3 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 46.1 degrees. The average rainfall is approximately 13.8 inches per year, with 0 inches of snow per year.
