Prime Alamitos Beach location. Excellent low vacancy rental area. First time for sale in 28 years! Court style 16 unit apt. building with 4-(1 Br's), 12-(Studio's), 4-(Garages). New paint and stucco within past 3 years. New vinyl windows and laminate flooring in most units. Fixer opportunity...Property needs repiping! Separate Electric meters, Master Gas. Huge Lot 55 X 151.
Prime building & location in Alamitos Beach and adjacent to Carroll Park neighborhood. First time for sale in 40 years! Large size units with a lots of character! New vinyl windows in several of the units. Newer roof! Walk to the beach, Downtown, or Retro-Row. Excellent low-vacancy rental area! Unit mix: 1-(2 Br), 12-(1 Br's), 2-(Studio), 1-(Garage).
Prime building & location in Alamitos Beach. First time for sale in 35+ years! HUGE units with a lots of character! A gated "garden" style building with plenty of unique architecture including arched hallways and coved ceilings. Some units with new laminate flooring and upgraded kitchens. New vinyl windows in several of the units. Walk to the beach, Downtown, or Retro-Row. Excellent low-vacancy rental area! Unit mix: 13-(1 Br's), 1-(Studio). The low rents make this an excellent $ opportunity!
Welcome to an exceptional opportunity in Long Beach, California—an enticing duplex primed for both novice investors, owners that would like to also occupy their income property, and seasoned professionals seeking to expand their income property portfolios. With both units this property guarantees financial stability. Its strategic positioning near the beach, major freeways, Long Beach City College, and thriving commercial districts ensures unmatched convenience and desirability for potential renters. Whether you're stepping into real estate investment or adding to your portfolio, this duplex embodies the perfect synergy of your choice of tenant and a sought-after location. It promises an excellent entry point or expansion opportunity in Long Beach's flourishing real estate landscape.
Offered at a 6.00 percent cap rate on current rents, this offering is a great acquisition opportunity for an investor looking for strong in-place cash flow in Long Beach’s desirable Eastside rental market. Assumable financing is available. 1043 Coronado Avenue is a 1923 construction with 11 studios and one two-bed/one-bath unit; most units are single-story floor plans and all are separately metered for gas and electricity. The property also offers on-site laundry and five garages that generate additional income. This asset is located in Eastside Long Beach, a strong-performing rental submarket, one block west of Redondo Avenue and within easy walking distance of a Food4Less-anchored shopping center and several dining options. This location offers tenants convenient access to Belmont Shore, freeways, and Cal State Long Beach. 1043 Coronado Avenue is offered along with 1048 Coronado Avenue, an eight-unit property located across the street; properties must be acquired together. These assets are part of a Long Beach portfolio sale along with 716 Raymond Avenue, a 16-unit asset that may be acquired separately.
Offered at a 5.87 percent cap rate on current rents, this asset is a great acquisition opportunity for an investor looking for strong in-place cash flow and additional rental upside in the strong Eastside Long Beach rental market. This asset offers a highly desirable layout of all single-story one-bed/one-bath bungalows that are separately metered for gas and electricity. Additionally, the property is securely gated and also offers on-site laundry. 1048 Coronado Avenue is located in Eastside Long Beach, a strong-performing rental submarket, one block west of Redondo Avenue and within easy walking distance of a Food4Less-anchored shopping center and several dining options. This location offers tenants convenient access to Belmont Shore, freeways, and Cal State Long Beach. 1048 Coronado Avenue is offered along with 1043 Coronado Avenue, a 12-unit property located across the street; properties must be acquired together. These assets are part of a Long Beach portfolio sale along with 716 Raymond Avenue, a 16-unit asset that may be acquired separately.
With strong rents in place, this asset is an ideal acquisition opportunity for an investor looking for cash flow in a dense coastal rental market. Assumable financing is available. 716 Raymond Avenue is a 1923 construction with 14 studios and two one-bedroom/one-bath units. Most units have single-story floor plans, and all are separately metered for gas and electricity. The building features on-site laundry and six single-car garages; both amenities generate additional income. The property has been well-maintained, and the electrical has been recently updated. In-place rents are strong and offer four percent potential upside. Additionally, a new investor may want to explore the potential to convert the garages to ADU’s (buyer to verify). 716 Raymond Avenue is well-located in Eastside Long Beach’s Rose Park neighborhood near the intersection of 7th Street and Junipero Avenue. Tenants enjoy convenient proximity to Junipero Beach (a four-minute drive) and easy access to retail. This property is offered as part of a portfolio along with 1043 and 1048 Coronado Avenue; 716 Raymond may be acquired separately.
Cash Flow! This Five (5) Unit Complex is priced at an Actual 6.30% CAP Rate! Situated just 1.4 miles from the Beach, the building is also close to Downtown, Long Beach Poly and Retro Row. The Unit Mix is comprised of: Two (2) - 2 Bedroom / 1 Bath and Three (3) – 1 Bedroom / 1 Bath Units, with gated carport and open parking. Furthermore, 60% of the units were renovated in the past year with upside still available via Rents, initiating a RUBS program, or the addition of ADU units in the Carport area. Since this building is not subject to any rent control beyond (AB 1482), the investment offers a solid return, with great potential for the future.
Three units currently configured as mixed use with two residential units and one commercial unit with 5 parking spots. The front building upstairs is a 3 bedroom 2 bath residential unit and the downstairs unit was converted back to a commercial unit with usage per the city as a Doctures office/Medical office. At the rear of the property is a separate detached 4 bedroom 2 bath house with large covered front porch. Entire property has newer exterior paint. Sale of this property comes with approved plans to convert the downstairs commercial unit into 2 ADU units. Great opportunity to keep the current configuration or complete the ADU project and have a total of 4 residential units.
Rent increases of 8.8% (max allowed) have been issued; unit analysis has been updated to reflect. 1929 Spanish 4 plex with long term tenants. 2 buildings, each with 2 units, separated by a courtyard. Configuration of each unit is as follows: #1415 (Bottom Left) and #1417 (Top Left): Both each have 2 bedrooms + 1 bath . 1415 has a laundry room, 1417 has a utility room. / #1419 (Bottom right): 2 bedrooms + 1 bath + laundry room/ #1421 (Upper Right, sits over the 3-car garage): 4 bedroom + bonus room + laundry room. 3 units have access to one garage each. Property has been maintained and in many ways updated. Exterior Recently Painted. Updated Electric Panel. Newer Garbage Disposals and Water Heaters in 2 units.
12.25 GRM and 5% Cap rate with over 28% upside in rents! 9.5 GRM and 7% Cap Rate on market rents! See updated Rent Roll (notes in private remarks). Prime investment opportunity for a savvy investor or owner occupant buyer with unit(s) available for a buyer to move-in! The property is now priced at $232,500 per unit, situated on a tranquil cul-de-sac and within walking distance to Steven's Middle School. This meticulously maintained property offers four updated units, comprised of a diverse unit mix of (1) 3bd 1.5ba owners unit (1) 2bd 1.5 bath (3) 1bd 1ba and (1) studio. Recent upgrades include updated plumbing, electrical, water heater(s), wall heater(s), and interior renovations. The large driveway offers plenty of off street parking for the tenants. This excellent value-add opportunity boasts a huge upside in income potential. Additional income is available with a coin-operated laundry room with a $200 monthly revenue potential. Priced attractively at $232,500/ unit, this investment gem is a rare find in Long Beach. Don't miss out on the chance to secure a lucrative investment property with strong tenant demand and substantial income growth potential.
Courtesy: Livel Real Estate
Rare Multifaceted High-Revenue Mixed-Use Property with Vast Upside Potential in Long Beach! 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. With the owner open to exploring offers as they venture into new opportunities via a 1031exchange (will require the buyer's cooperation), this scenario 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 and APN #7273-007-035. Subject to Long Beach / CA rent control law. All remarks made in good faith, however cannot be guaranteed by listing agent / broker.
1221 E. 1st Street is a 16-unit fully stabilized, turnkey apartment asset in prime Alamitos Beach. Over $950,000 has been invested in the property. This building was taken back to the studs and completely rebuilt from the floors, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. (See CAPEX summary on pages 12-15.) The property features a mix of two (2) 2BD/1BA units, three (3) 1BD/1BA units and 11 studios. All of the units were gutted and fully remodeled with high- end materials. The interior designer-led renovations include (but are not limted to) recessed and custom lighting completely new kitchens and bathrooms, stainless steel appliances, and in-unit washer/ dryers. Located in prime Alamitos Beach, the property is within minutes of the best that Long Beach has to offer. Residents can walk to the wide sandy beach, bike path and volleyball courts, as well quaint bars and restaurants along the Broadway Corridor and trendy shops, restaurants and bars on Fourth Street-Retro Row. The area is also adjacent to ecclectic and arts-driven East Village Arts District and vibrant Downtown Long Beach and its multitude of employment opportunities. Alamitos Beach is the #4 Best Neighborhoods for Young Professionals, as ranked by Niche.com. The submarket fetches 14% higher rents than the Long Beach average.
1237 E. 1st Street is a 18-unit fully stabilized, turnkey apartment asset in prime Alamitos Beach. Over $1,165,000 has been invested in the property. This building was taken back to the studs and completely rebuilt from the floors, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. (See CAPEX summary on pages 14-17.) The property features a mix of two (2) 2BD/1BA units, three (3) 1BD/1BA units and 11 studios. All of the units were gutted and fully remodeled with high- end materials. The interior designer-led renovations include (but are not limted to) recessed and custom lighting completely new kitchens and bathrooms, stainless steel appliances, and in-unit washer/ dryers. Located in prime Alamitos Beach, the property is within minutes of the best that Long Beach has to offer. Residents can walk to the wide sandy beach, bike path and volleyball courts, as well quaint bars and restaurants along the Broadway Corridor and trendy shops, restaurants and bars on Fourth Street-Retro Row. The area is also adjacent to ecclectic and arts-driven East Village Arts District and vibrant Downtown Long Beach and its multitude of employment opportunities. Alamitos Beach is the #4 Best Neighborhoods for Young Professionals, as ranked by Niche.com. The submarket fetches 14% higher rents than the Long Beach average.
Modern Fourplex with large units property consists of Two 3 Bedroom 2 1/2 bath tri level units #1 & #4, roughly 1575 square feet (estimate) & two 2 bedroom 2 1/2 bath units #2 & #3 roughly 1425 square feet (estimate). The Two bedroom units downstairs dining rooms have both been converted into bedrooms so those units are now 3 bedroom units as well. All units have laundry washer hook ups in the kitchen, central heat, recently replaced electrical sub panels, gas fireplaces, Master suites (the 2 bedroom units have dual master suites) & each unit has two patio decks. All tenants pay their own utilities (electricity, gas & trash) except water & the cost of the trash container rental. This property also has subterranean parking with a motorized entrance gate, the entrance is in the rear ally, each tenant gets two parking spots. New roof installed December 2022, Unit #1 was recently renovated including new shower stall in one of the bathrooms, new carpet & freshly painted. All units are currently rented. Video Link to unit #1 it was recently renovated & re-rented https://www.youtube.com/watch?v=wA62ZEjNK2w
Nice duplex. next to a park. Front is a 2bd/1ba back is 2bd/2ba with a garage. Rents are month to month. Buyer to do their due diligence regarding all information provided on this property. per seller. Please do not disturb the tenants. Any showings will be subject to written offer and pre-approval. Sellers are flexible and motivated. Drive by only subject all offers to be subject to interior inspection.
Introducing three brand new Mediterranean-style units, completed in 2024, each boasting their own rooftop deck, nestled within the charming seaside community of Bluff Park Historic District in Long Beach, Southern California's sought-after coastal housing market. Conveniently located just one block from Ocean Boulevard on an expansive 8501 SF lot, these residences offer the epitome of coastal living. Featuring 51 Kennebec with 3 bedrooms and 3.5 baths, 2230 E First Street with 3 bedrooms and 2.5 baths, and 2234 E First Street with 3 bedrooms and 3.5 baths, 51 Kennebec3 presents captivating water views from select rooms and the rooftop. Immerse yourself in the vibrant surroundings, with Bluff Park, the ocean, and an array of unique shopping and dining options just a leisurely stroll away. Experience the unparalleled lifestyle of this distinctive Bluff Park seaside community.
*PLEASE NOTE: THE RENTAL AMOUNTS HAVE BEEN UPDATED. Investment opportunity in the heart of Alamitos Beach in Long Beach, CA. PERFECT OWNER OCCUPIED OPPORTUNITY! This duplex offers the perfect blend of vintage appeal and modern convenience, promising comfortable living and enticing potential for rental income. The unit mix consists of a spacious two-bedroom, one-bathroom unit with a versatile den, ideal for use as an additional bedroom or home office, catering to the diverse needs of potential tenants and a cozy detached one-bedroom, one-bathroom unit. Tenants pay electric, fuel, trash. A generously sized backyard provides a tranquil retreat for relaxation or entertaining, offering a serene oasis amidst the urban landscape. Meanwhile, three single-car garages provide convenient parking for tenants, ensuring hassle-free access and added convenience. Whether you're looking to invest in rental properties or seeking a place to call home with supplementary rental income, this duplex presents an exceptional opportunity in a highly sought-after location. There is also an ADU potential considering the large backyard and detached garages. This is to be determined by a buyer confirming viability with the City of Long Beach.
Good investment opportunity for a 4 unit complex. Property has a 3BR 2 BA downstairs unit that can be utilized as an owner's unit. Upstairs units are; two 2BR 1BA units and a 1BR 1BA unit. Each unit has assigned garage for parking and there is an additional garage for parking or a storage area (a total of 5 garages). Complex also has a coin operated laundry room for tenant use. Property is very well maintained and is located in a quiet area that is close to freeways and public transportation.
Welcome to this exquisite Cape Cod residence that perfectly marries modern amenities with timeless elegance. This beautifully updated home has 4 bedrooms and 2 bathrooms, complemented by a 1 bed/1 bath unit over a spacious 3-car garage--ideal for guests or rental income. Step inside to discover a home filled with character and style. Elegant built-ins, classic wainscotting, cozy fireplace and stunning refinished oak flooring create a warm and inviting atmosphere. The kitchen is a chef's dream, featuring top-of-the wine appliances, including a wine fridge, butcher block counter-tops and large format porcelain tile backsplash, ensuring your culinary adventures are a pleasure. With new electrical wiring & panel and a state-of-the-art HVAC, comfort and efficiency are at the forefront of this home's design. Situated in the highly sought-after Los Cerritos/Virginia Country Club neighborhood, this home offers more than just a place to live; it provides a lifestyle. Enjoy leisurely walks to Los Cerritos Park, nearby schools, and the trendy SteelCraft. Bixby Knolls' vibrant nightlife and eateries are just a stone's throw away, offering endless entertaining and dining options. The property's exterior is equally impressive, featuring a new Trex deck, sail shades and turf for comfortable outdoor living. For car enthusiasts, the 3-car garage is a dream come true, offering ample space and convenience. Don't miss the opportunity to make this remarkable Cape Cod home your own and enjoy the perfect blend of luxury and timeless charm in a prime location.
Welcome to this charming craftsman-style home, boasting an updated 3-bedroom, 1.5-bathroom front house. This property is truly unique, featuring two high-income producing 1-bedroom, 1-bathroom units at the back, each occupied by quiet, long-term tenants. Adding to its allure, the back units are situated over four extra-long, separate garage units and a large laundry room. This setup not only provides convenience but also offers significant income potential. Compared to similar properties in the area, this home stands out with its income-producing units, setting it apart as an exceptional investment opportunity. A neighboring property recently sold for a similar price but lacked the additional income-producing units, making this property a rare find in the market. With the option to live comfortably in the front house while generating income from the back units, this property offers the perfect blend of lifestyle and investment potential. Don't miss the chance to own this income-generating gem in a highly desirable location. Schedule your viewing today.
Three spacious, townhome style apartment units. Each 3 BD and 1.5 BA. Extra large lot for plenty of parking in back. Two units are Section 8 tenants, and both have recently passed inspection. Total rent is well below market value. Please DO NOT disturb tenants.
Welcome to this rare investment opportunity featuring four units in total. The front building houses two units, each offering 1 bedroom, 1 bathroom, and a bonus room. The two back units are situated atop four large garages and offer 3 bedrooms and 2 bathrooms each. This property is a light fixer-upper with high income potential. Currently, the rents are well below market value, presenting a significant opportunity for increased rental income. Please respect the privacy of the tenants and refrain from disturbing them. Don't miss out on this fantastic opportunity to add a high-performing property to your portfolio. Schedule your viewing today!
Welcome to this exceptional investment opportunity featuring four spacious townhome-style units, each boasting 3 bedrooms and 1.5 bathrooms. Ideal for savvy investors, these well-maintained units offer a lucrative rental income potential and a prime location. The property features a large parking lot, providing ample space for up to 10 vehicles. With rents currently below market value, there is significant potential to increase rental income and maximize returns on this investment. Please respect the privacy of the tenants and refrain from disturbing them. Don't miss out on this fantastic opportunity to add a high-performing property to your portfolio. Schedule your viewing today.
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.
