Highly desired area! New industrial and wharehouse buildings being build near by at 5860 Paramount Blvd, 5880 Paramount Blvd, 5910 Cherry Ave which will include over 500 permanent jobs near by. This gated property is located in Long Beach near Bixby Knolls area with plenty of restaurants and local shopping. It is a 4-plex with two studio units and two units with 2 bedrooms with one having 2 bathrooms and the other with 1 bathroom with his/her sink. Property gross revenue annually $91,972. Monthly utilities (water, gas, electric, trash) varies about $900 month. Utilities runs on 1 meter and divided up by tenants. Property has parking in the back for 4 vehicles and a 2 car garage with a total of 6 potential parking. The units had some updated in 2017 and 2018 with 3 of the units having laminate floor. Unit A and Unit D are pictures from 2018. Potential to make the garage into an ADU Unit #A - 2 bedrooms and 1 bath with double sink , has Central Air Unit #B- Studio with a separate kitchen Unit #C- Studio with large closet and bathroom, Unit #D-2 bedroom and 2 bathroom with large living room and 2 car garage and small patio area, has Central Air Disclosure We obtained the following information above from sources we believe to be reliable. However we have not verified it accuracy and make no guarantee, warranty, representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions ,prior sale, lease or financing or withdraw without notice. We include projections, opinions , assumptions or estimates for example only and they are not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigations of the property and transaction this includes price/unit, Price/SF, Cap rate and GRM are based on total price of the sale.
$50K PRICE REDUCTION. PRICED TO SELL. 9.3 GRM and 6.7% CAP on actual rents with upside to a 7.3% CAP. ONLY $320/SF. 12 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Located on the East Side of Long Beach just blocks from Retro Row - with all the cute shops and restaurants. The property is professionally managed and well maintained. There are 4 garages in the rear of the property - potential ADU opportunity - Buyer to verify. Additionally, only two of these spaces are leased, leaving rental upside by leasing the other two. The property features a TPO roof that is in good condition. Major building systems have been updated - plumbing, electrical and roof. Buyer to verify. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL.
Nestled in the heart of Belmont Shore, 125 Ximeno Ave stands as a rare opportunity for an investor looking to add a trophy asset to their portfolio. This legacy 18-unit apartment building offers a diverse mix of (2) 2-bed/1-bath units, (12) 1-bed/1-bath units, and (4) studio units, totaling 9,708 square feet on an expansive 9,462 square foot lot. Boasting a shared heated pool and courtyard area, this property combines comfort and convenience for its residents. With a solid 4.30% CAP rate and a price tag of $377K per unit, the investment potential is undeniable. Positioned less than 2 blocks from the beach and within easy reach of premier retail and dining destinations along 2nd Street, 125 Ximeno Ave enjoys a prime location in Long Beach. Whether you're seeking steady returns or looking to capitalize on the area's growth, this property represents a compelling opportunity in an A+ location.
Courtesy: Good Opportunity Homes & Investments
Back on the Market 07/05/2024. California Dreamin' Own a Piece of the Future in Long Beach! This captivating detached fourplex offers a unique opportunity for investors and owner-occupants alike. Nestled in the heart of vibrant Downtown, Long Beach, this California Bungalow property boasts an approx. 3,000 square feet, a fantastic walkable location near the Beach and 3 individual Garages+ The crown jewel is the stunning main house, newly built in 2017. This 4-bedroom, 2-bathroom residence offers modern living with a touch of classic California charm. Perfect for an owner-occupant, it provides a comfortable and stylish home base. But that's not all! Three additional units, each with 2 bedrooms and 1 bathroom, create a steady rental income stream. With one unit currently vacant, this property presents an ideal scenario for first-time homebuyers seeking an FHA financing option or a savvy investor looking to expand their portfolio. The cherry on top? This exceptional property resides in an Opportunity Zone, offering potential tax benefits. Don't miss this chance to own a piece of the future in a thriving community! Contact us today to schedule a showing.
Explore the potential of this mixed-use property located in the highly sought-after Belmont Heights, an ideal choice for an owner-user or investor. This unique lot features both commercial and residential spaces that are in turn-key/like new condition. The front unit, addressed as 4141, offers approximately 550 sq. ft. of office or retail space. Currently rented at $3,000 per month, which is below market value, it includes a main room, a full bath, a kitchenette, and two additional rooms. This unit can also be rezoned to residential with some city-mandated "egress" modifications. The rear unit, addressed as 4147, is a cozy single-family home with two bedrooms and one bathroom, spanning approximately 571 sq. ft. residential unit backs up to Greenbelt Park and is very quiet with no immediate neighbors. It has been successfully utilized as an Airbnb, generating gross rents of approximately $72,000 in 2023, which averages just under $6,000 per month. Both units combined generate an average rental income of $9,000 per month before expenses. The list price includes the real estate, all contents, furnishings, appliances, artwork, kitchen utensils, the business LLC (Pilgrim's Way under which the Airbnb operates), and the City’s STR (Short Term Rental) license, which is renewed annually. Each unit has separate meters for electric and gas, enhancing their independence. Located just a few blocks from Blair Field, Recreation Park, Alamitos Heights Park, and within easy reach of local markets, stores, shops, restaurants, and the beach, this property offers both convenience and significant income potential. Situated conveniently between the units are four parking spaces. The property is being sold "AS IS" and "WHERE IS," with buyers encouraged to conduct their own investigations. Property is also listerd under Commercial Sale MLS#SB24092079 for additional information.
2-Homes/1-Lot. Stunning Spanish duplex nestled in the highly sought-after neighborhood of Belmont Heights. This property embodies the essence of California living with its beautiful architecture, ocean views, convenient location, and versatile living spaces. As you step onto the property, you'll immediately be captivated by its timeless curb appeal. The classic Spanish-style facade boasts intricate details, arched doorways, and a warm color palette that exudes character and charm. Inside, each unit offers its own unique charm and functionality. Whether you're looking for a comfortable family home, an income-generating investment property, or a combination of both, this duplex has it all. With a total of 5 bedrooms and 5 bathrooms spread across both units, there's plenty of space for everyone to enjoy. The living spaces feature hardwood floors, ample natural light, and tasteful finishes that blend seamlessly with the home's traditional aesthetic. The kitchens are equipped with stainless steel apliances, granite countertops, ample cabinet space, and convenient layouts, perfect for cooking and entertaining. One of the highlights of this property is its outdoor areas. Imagine sipping your morning coffee on the private balcony or hosting a barbecue in the spacious backyard. The possibilities for outdoor enjoyment are endless. Plus a 4 car garage and total off-street parking for 6 cars this is a car collectors dream. Perfect Duplex for investors thanks to a 4% CAP rate with the front unit capable of producing 8k a month in rent and the back unit getting 3500 per month. Easy access to a plethora of amenities on 2nd street. From trendy boutiques and restaurants to beautiful parks and top-rated schools, everything you need is just moments away.
Calling all INVESTORS and EXPERIENCED LANDLORDS to this 2 units gem in Long Beach. The units' living quarters are detached and occupied by long-term tenants and they would love to stay. Each unit has three bedrooms, 2 baths, and a two-car garage. The real highlights of these units lie in their potential rental incomes once they are refurbished. Both units need updating. SOLD-AS-IS, WHERE-IS. Bring your imagination. 5-minute drive to the beach and is close to shopping centers and schools. DO NOT DISTURB THE TENANTS. BUYER TO TAKE OVER BOTH TENANTS AT THE CLOSE OF ESCROW.
THIS IS THE DEAL FOR YOUR CLIENT. PRICED TO SELL. 9.7 GRM AND 5.9% CAP WITH UPSIDE TO A 9.0 GRM AND 6.7% CAP. 11 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (you can increase 8.9% this year). The property is professionally managed and well-maintained. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. EMAIL LA FOR MORE INFORMATION INCLUDING A CURRENT RENT ROLL AND EXPENSES.
Welcome to this exceptional 4-unit building in Long Beach, offering a prime investment opportunity. Recently taken off the market for extensive upgrades, this charming property is now ready to impress. The building features a well-balanced mix of units, including 2 spacious two-bedroom/1 bath units and 2 cozy one-bedroom/1 bath units. Each unit is separately metered, ensuring convenience and privacy for tenants. In addition to the units, the property boasts four single -car garages, a dedicated laundry room, and a storage area. Enjoy the added perk of a beautiful lemon tree in the backyard, providing a refreshing touch of nature. Significant Recent upgrades include fresh paint inside and out, new window replacements, an upgraded electrical panel, and a new roof. Additionally, new air conditioning units, heaters, and laminate flooring, enhancing comfort and modernity throughout the building for the new owner. Located moments away from the Blue Line Station on Willow, Long Beach Memorial Hospital, and a vibrant shopping center, this property is ideally situated for tenants and investors alike. Schedule your showing today to experience the charm and potential of this turnkey property! Don't miss out on this rare find—a great location on a great street, with a fully updated building, excellent income potential.
Nestled in the quaint Artcraft Manor neighborhood of Long Beach, this charming duplex presents an ideal opportunity. Each unit features two bedrooms, a well-appointed bath, individual laundry facilities and private yards. Notably, the property underwent significant upgrades, including a complete replacement of the roof and modernization of the exterior.
Triplex in Wilmore City, historic Long Beach! One 2 bedroom and two studios. 2 out of 3 units have been updated. All units have 1920's vintage character. Building had full replumb job. Units have stoves and refrigerators. All units have small "yard" area. Close to Downtown Long Beach and major transportation.
Discover an exceptional investment opportunity within this meticulously renovated quadraplex, boasting a generous 2,952 square feet of living space priced at a competitive $338 per square foot. Built in 1923, this property seamlessly merges historic charm with contemporary upgrades, offering a blend of character and functionality. This four-plex presents four expansive one-bedroom units, thoughtfully designed to easily convert into two-bedroom layouts, providing versatility to accommodate varying tenant needs. Each unit is a testament to quality craftsmanship and modern convenience, featuring recent enhancements including new windows, stucco, paint, as well as essential plumbing and electrical upgrades. With an impressive annual income of $71,280 this property promises a lucrative return on investment. Furthermore, the option to utilize one unit immediately or rent it out adds to its appeal, ensuring flexibility for both investors and owner-occupiers. Convenience extends beyond the interiors, with the inclusion of four dedicated parking spaces, alleviating any concerns regarding parking availability. Whether you're an astute investor seeking a profitable venture or a homeowner looking to capitalize on rental income, this quadraplex offers an enticing proposition.
Price Reduced by over $100K! Don't Miss Out on this Turnkey 3 bedroom 2 bath home with a separate ADU and a Jr. ADU!! The Seller went all out on this property!! These Brand New ADU's and a completely Remodeled Home Feature, New Roofs, New Kitchens with all New Appliances, New Bathrooms with Custom Tile, New Flooring Throughout the Property, All New LED Lighting, New Vinyl Windows, New Landscaping, New HVAC Units, a detached 2 car garage and so much More!! The Main House is Located in the Middle of the Property it Features 1375 Sq. Ft, it has 3 Bedrooms, 2 Bathrooms, a Large Kitchen with Plenty of Storage, and a Large Great Room that's perfect for Entertaining!! The Front ADU Features is 415 Sq. Ft, it has 1 bedroom, 1 bathroom, a Nice Kitchen with New Appliance's, and a Living Room. The Jr. ADU is secluded at the rear of the property and is 490 Sq. Ft, it has 1 bedroom, 1 bathroom, a Nice Kitchen with New Appliance's, and a Living Room. This property allows you to have a nice new home with additional income potential!! It is located in a great area of Long Beach, close to Schools, Shopping the Beach and More!! Owner may carry!! Submit all offers!!
GREAT INVESTMENT PROPERTY!!! Discover a gem in the Eastside submarket of Long Beach with this exceptional 1980s building. This property boasts 10 LARGE UNITS two-bedroom, condo-style apartments, each offering spacious and luminous interiors. Highlights include vaulted ceilings in upper units and expansive balconies in all apartments, enhancing the appeal and comfort for residents. Security is prioritized with locked entrances and security cameras throughout the property. Additionally, the building features a gated garage with 15 parking spaces, presenting an opportunity to generate additional income by renting out surplus spaces. It features a newer roof with a lifetime guarantee and includes seller-owned laundry machines. The financial burden of utilities is eased as tenants are responsible for their own gas and electric costs, keeping operating expenses low. This investment asset is a standout in a desirable, low-vacancy area of Long Beach, offering more than 18% rental upside potential. Recent upgrades include remodeled units in 2021 and a piloties 15 parking lot enhancement. Conveniently located near freeways and public transportation, this property represents a rare chance to acquire a well-maintained, income-generating building with significant growth potential. Act now to capitalize on this excellent investment opportunity in a thriving residential neighborhood.
Your opportunity awaits, to grab this versatile Belmont Shore triplex, just steps from the sand. This property features a 2 bedroom 1 bath downstairs unit with an enclosed front yard, two 1 bedroom 1 bath upstairs units, a common laundry room and two garages. These units are occupied by long-term tenants, and the low-maintenance grounds makes for easy ownership with huge upside potential. Turnover is not an issue, in this desirable beach community--walking distance from the beach, the marina, and 2nd Street's amazing dining and entertainment options. Contact agent for a full set of interior photos, and make this beach beauty your own!
Mixed-Use commercial and residential property well-located in the heart of Long Beach community. This versatile property offers both a commercial building and 2 units making it an ideal investment opportunity. Premises currently being utilized as a barber shop with ample square footage and a spacious interior layout. There's garage/storage/parking available also. Both residential units are 1 bdrm/1 bath. One unit recently updated with new carpeting and a freshly painted interior. Property offers high visibility situated on busy Atlantic Avenue that's lined with shopping, restaurants and easy freeway access to 710 & 91. This growing and expanding area makes for plenty of potential for a savvy investor.
Great Cash-Flow Deal! Located just outside of booming Downtown Long Beach, 1409 Magnolia Ave is a well-maintained 6 unit building with a high yielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath, and (1) 1Bed/1Bath units. The property currently grosses $13,671/month and operates at a 7.15% CAP and 10.19 GRM. 1409 Magnolia Ave is the ideal investment for investor looking for day 1 cash-flow with significant upside in rental income. The subject property is located just outside the $6 Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Project, CSULB Downtown Village, Broadway Block, the Pacific and Queen Mary Island.
Great opportunity to own a fourplex in Long Beach! Spacious one-bedroom, one-bathroom units offer comfortable living for tenants. The good-sized lot and laundry room present potential to generate additional income. One unit has been recently remodeled, boasting modern updates. This property is conveniently located near Adams Elementary School, freeways, stores, and parks. Don't miss out!
Welcome to this beautifully remodeled 2-unit property nestled in the heart of Long Beach, California. Each unit boasts 2 bedrooms and 2 bathrooms, offering comfortable and modern living spaces for residents. the first unit thoughtfully designed and utilized as a vacation rental extremely high producing. The entire home has been meticulously renovated, featuring updated kitchens with sleek appliances, stylish bathrooms, and contemporary finishes throughout. Enjoy the convenience of a prime location in Long Beach, with easy access to local amenities, dining, entertainment, and more. This property is perfect for investors or those seeking a multi-family home in a vibrant coastal community.
Welcome to this charming Spanish-style Tri-plex with character and modern updates, nestled in a prime location near 2nd Street. The First unit boasts 3 bedrooms and 1 bathroom, featuring beautiful built-ins, wood flooring, a faux fireplace, and a convenient garage and additional parking space. The Second unit offers 2 bedrooms and 1 bathroom, showcasing an updated kitchen and bathroom with luxury laminate flooring and private patio. The Third unit, a brand new build, features 2 bedrooms and 1 bathroom with a stunning kitchen and bathroom design. Luxury vinyl flooring and new HVAC. All units have been beautifully updated to include private laundry facilities and stainless steel appliances. The property has 2 new electrical pannels and 3 new tankless hot water heaters, ensuring efficiency and convenience for tenants and owner. Tenants are responsible for all utilities; except water and trash, this provides low owner maintenance while collecting top market rent. With minimal vacancy and a strong CAP Rate of near 6%, this Tri-plex offers an excellent investment opportunity. Experience the abundance of 2nd location, Spanish architecture combined with modern amenities, making this property a standout choice for investors and renters alike.
10.8 GRM and 5.9% CAP on actual rents with upside to 6.3% CAP. PRICED TO SELL.14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. The property is professionally managed and well maintained. Some units have updated kitchens, baths and flooring. The property also just received updated landscaping and paint. The building features and excellent unit mix for the area and is located blocks from $8BB worth of redevelopment in the Down Town Long Beach area. There is no onsite parking but there is onsite laundry. The electrical is Siemens - it's a 200 AMP main panel with 30 AMP subpanels (Buyer to verify). EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND ACTUAL EXPENSES.
PRICED TO SELL - 9.9X GRM AND 6.8% CAP AT MARKET RENTS. This is the building your client wants. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 12.5 GRM and a 4.8% CAP with upside to a 6.8% CAP and under 10 GRM. Built in 1986 the property is professionally managed and well maintained. Copper Plumbing, Onsite Parking, this property has it all. All units are 2 bed/2bath and have updated kitchens, baths and flooring. 12 onsite parking for 8 units as well as onsite laundry. There is onsite laundry onsite. The electrical is Siemens - it's a 200 AMP main panel with 60 AMP subpanels (Buyer to verify). Email LA for more information including a current Rent Roll and actual expenses.
PRICED TO SELL. Priced at 11 GRM and a 5.7% CAP with upside to a 6.6% CAP and 10 GRM. $100K PRICE REDUCTION. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. VERY WELL MAINTAINED. Solid Eastside location in Long Beach. Most interiors have been updated (new kitchen cabinets, flooring, bath tile, fixtures, etc.) and property is professionally managed and well maintained. The property features multiple structures, meaning many units do not have common walls on all sides making the units more private. There are 3 garages in the rear as well as 2 surface spaces. Currently management is not charging for parking, but new ownership could. Spaces in Long Beach are at a premium and are worth $125-150/month - this could increase income by $700/month. The 2 bed unit in the rear has 2 outdoor patios attached to it. Every unit has it's own hot water heater. There is onsite laundry onsite. The electrical is General Electric - it's a 200 AMP main panel with 50 AMP subpanels (Buyer to verify). Email LA for more information including actual expenses and a current Rent Roll.
Excellent Location - located in the most desirable rental location in Long Beach, walking distance from renowned 2nd St. Rare opportunity to invest in a turn key legacy property are in Belmont Shore. This is a true pride of ownership property with modern kitchens and bathrooms. Plumbing and electrical systems have both been upgraded.
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.
