***Opportunity Zone***Explore the exceptional investment opportunity at 1825 Cherry Ave, Long Beach, CA. This property comprises seven fully occupied apartments in the sought-after prime area of Long Beach, offered at an attractive price of $200k per unit. Monthly gross rent = $8,930 + $953 average utilities paid by the tenants total income $9,883 per month. Situated on a generous lot of approximately 5,837 SF, the property provides ample parking spaces for convenience. Notably, this asset is not subject to LA City rent control, allowing for significant annual rent increases of 8.8% (CPI + 5%), offering substantial future upside potential. Conveniently located in prime Long Beach, just moments away from Signal Hill and a short drive to downtown Long Beach, this property presents a prime investment opportunity in a thriving and desirable location. 2 Structures - Front House has been divided into 3 Units. Rear structure consists of (2) 1 Bedrooms and (2) Studios apartments. Upside in Rents. All Utilities are split and paid for by Tenants. Close proximity to busy PCH/Cherry intersection. Among recent upgrades is a Fire Sprinkler system.
Great opportunity to own this four unit investment property which can be purchased as an investment property or owner occupied property. Property is close to stores, restaurants, shopping, public transportation, and more. Building consists of good sized units, mainly three bedrooms in each unit and one 2 bedroom unit.
This is a 4-unit property. The property was developed with 3 brand new units and incorporated the original existing 3 bedroom/2 bathroom home to make a total of 4-units. With each of the new units developed from the ground up you will discover light and bright floor plans where you are surely going to say "wow" as you walk-in. This property was originally a single family home with R2 zoning. The property has been developed to include an additional 3 bedroom, 2 bathroom unit in front, along with two ADUs at the rear of the lot. The two ADU units are new studios that are positioned over the new, garages that can accommodate 4 cars. A total of 3 new units were added totaling 2,085 sq ft to bring the total development to 3,346 sq ft. Each of the newly developed units features air-conditioning, durable and elegant luxury vinyl plank, quartz countertops in the kitchens and bathrooms, and stainless steel appliances. Maximizing energy efficiency the three new units have solar panels. Address includes: 4016 E. Wilton 4018 E. Wilton 4016 E. Wilton Unit A 4016 E. Wilton Unit B
Welcome to a piece of historic charm meticulously preserved in this Spanish style Triplex built in 1928. Situated in the heart of Belmont Heights, this timeless property exudes character at every turn. The front house boasts spacious living across approximately 1600 square feet with two large-sized bedrooms and two updated bathrooms. A testament to its era, the front house maintains its original allure while seamlessly integrating modern conveniences. Step inside to discover stunning windows that flood the interiors with natural light, highlighting the attention to detail found throughout. From the remodeled kitchen to the updated bathrooms, every corner of this house reflects a blend of classic charm and contemporary comfort. Additionally, the front house has a private yard, providing a perfect space for relaxation and outdoor entertainment. Perched above the four-car garage, the two additional units offer privacy and convenience with separate alley entrances. Each unit comprises one bedroom and one bathroom, spanning just under 600 square feet. These units have been thoughtfully remodeled to showcase beautiful finishes, ensuring a harmonious living experience. Whether as additional living spaces or potential rental units, these dwellings present a myriad of possibilities. Throughout the property, meticulous maintenance is evident; with new interior and exterior paint, custom window treatments, PEX and copper plumbing, updated electrical system, and custom lighting, the property radiates with a fresh and inviting ambiance. Whether you're seeking a luxurious residence or an investment opportunity, this property stands as a true gem in its class.
Charming, turnkey, and in a prime location – this is the generational asset you have been looking for! This clean and well-maintained 8-unit property consists of six 1bed/1bath units (over 900 sqft each) and two studio units with four garages. All the units are large, allow for a ton of natural light inside, have great layouts with cool original features (like French Doors, custom built-ins, fire places, etc.). Plus, the vintage character of this classic Spanish style property has been meticulously preserved, while modern amenities have been added over time like laundry units, AC/Heating units, modern kitchens, lighting, ceiling fans, etc. in each unit. The entire property is secured, has drought-resistant landscaping, and has separate electrical and gas meters for each unit. Located within Alamitos Beach, this highly sought after neighborhood of Costal Long Beach is in close proximity to the best the city has to offer – local parks (Carroll & Bixby Park), local beaches (Alamitos & Junipero Beach), local restaurants (4th Street Corridor & Retro Row), local golf courses, public transportation, etc. Plus, this neighborhood is securely anchored by the thriving local economy that continues to grow within Downtown Long Beach. For the savvy investor, the potential may exist to convert the garages into two studio units and/or to add additional bedrooms/ bathrooms to the existing large 1bed units. Also, one might consider a short-term and/or mid-term rental strategy to boost the income even more. This perfect combination is what every tenant is looking for in this area, which keeps vacancy rates low and market rental rates as high as possible – making this a great addition to any investors portfolio!
THIS 4-UNIT PROPERTY IS A RARE FIND FOR INVESTORS Looking for Great Income, with a Current Gross Schedule Income of $140,100 per Year!!! With a Current Rate at 6.6, Also, The Entire Building was Totally Remodeled Down to the Studs in 2019.The Property Currently has a Newer Roof, Newer Copper Plumbing Throughout, Newer Windows, Newer Interior & Exterior Paint, Newer Laminated Wood and Tile Flooring throughout, Recess Lighting Throughout, Remodeled Kitchens with Newer Wood Cabinets, Granite Countertops, Newer Refrigerators, Stoves, Microwaves, Washers & Dryers, That's Included with the Purchase!! This 4-Unit Building Offers (THREE) 4/Bedrooms 2/Bathrooms & (ONE) 3/Bedrooms with 1/Bathroom. Each Unit is Individually Metered with Gas & Electricity and Currently the Building is 100% Tenant Occupied. This Property Offers Great Gated Parking for Tenants, with (8) Inside Parking Spaces. This Property Wont Last!!
**Fantastic Investment Opportunity: Spacious 4-Unit Building in the Heart of an Up-and-Coming Neighborhood!** Welcome to your next lucrative investment located just south of Signal Hill and within a short 2-mile radius of the stunning beaches. This prime property offers not only a sought-after location but also incredible potential for growth in an area currently undergoing rezoning for additional apartment density. Key Features: - **Unit Mix:** This well-maintained building consists of 4 units, featuring 2 expansive 3-bedroom apartments and 2 comfortable 2-bedroom apartments. The generous unit sizes are a standout feature, providing tenants with ample space and modern living comfort. - **Prime Location:** Nestled in the vibrant and up-and-coming neighborhood, this property is strategically positioned for optimal access to both the bustling city life and the tranquil beachfront. Residents can enjoy the best of both worlds.
We are pleased to present 1000 E 10th St in Long Beach. This 7 unit apartment building consists of (7) 2 bedroom, 1 bathroom units which have been updated and converted into higher density dwelling units. Privacy walls and doors have been added to accommodate an additional bedroom in each unit. A total of 21 bedrooms are possible to rent out, and currently 11 of those bedrooms are actively rented. There is a possibility of delivering 4 out of the 7 units vacant. This property has a total of 5,340 sqft of livable space, situated on a 5,227 sqft lot. The owners have formed authentic relationships with local government, law enforcement, and various low-income programs such as the General Relief Housing Subsidy and Case Management Programs in order to maintain a reliable resource for tenants. The property is located in close proximity to the Metro Blue Line train station and various bus routes providing excellent public transportation. This property is also located in an Opportunity Zone allowing for potential developments and substantial tax benefits for new buyers. Development in this area would coincide with the Long Beach Downtown Plan as well as the Opportunity Zone social impact principles. Buyer to verify.
536 Saint Louis Avenue is an 8-unit multifamily investment opportunity located in Long Beach, CA. 536 Saint Louis Avenue offers a desirable mix of two and three-bedroom layouts with amenities including gated and secured access, garage and surface parking, and an on-site laundry facility. This property rests on the border of Alamitos Beach, one of Long Beach’s earliest coastal neighborhood developments. At the end of the block is 4th Street’s Retro Row where residents enjoy the vibrancy of independent and vintage shops, entertainment, the Art Theatre and restaurants. Additionally, 536 Saint Louis Avenue’s central location, within two miles of Downtown Long Beach, Alamitos Beach, and Belmont Shore, provides an attractive amenity for renters looking for convenient access to Long Beach’s top destinations. 536 Saint Louis Avenue has undergone significant upgrades to its major systems such as upgraded plumbing, newer roof, new hot water heater and upgraded dual-pane windows to several of the units. Select units contain upgraded quartz or granite counter tops, tile flooring, and more. Ownership will have all electrical panels upgraded by close of escrow.
THE PROPERTY CONSIST OF 4 UNITS, THE FRONT HOUSE HAS 2 BEDROOMS, ONE BATH, BACK UNITS CONSIST OF (2) 2 BEDROOMS 1 BATH, (1) BEDROOM 1 BATH, WHICH HAVE BEEN UPDATED, ALL UNITS ARE WELL MAINTAINED WITH LOTS OF TREES IN THE BACKYARD AND IT IS SEPARATE FROM THE BACK UNITS, WHICH HAS ITS OWN PRIVATE AREA. FRONT HOME HAS STONE COUNTERTOPS, TILE IN KITCHECN AND LIVING AREA WITH ORIGINAL HARDWOOD FLOORS IN EACH BEDROOM. NEW ROOF AND NEW SOLAR PANELS. THIS WELL MAINTAINED 4 UNITS COMPLEX IS AN EXCELLENT INVESTMENT OPPORTUNITY. ADDITIONALLY, THE SHARED OUTDOOR PATIO SPACES PROVIDE A TRANQUIL SETTING FOR RELAXATION OR ENTERTAINMENT SPACE. THIS PROPERTY PRESENTS A FANTASTIC OPPORTUNITY FOR INVESTORS. LOCATED TO A NEARBY RESTAURANT, SILVERADO PARK, FREEWAYS, AND HOSPITALS. VERY NICE AREA OF WESTSIDE LONG BEACH.
Captivating views—Final price reduction for immediate sale! Lowest price oceanfront duplex in all of Southern California. This Oceanfront estate is highly sought after due to its unique raised foundation above sea level, 4+ car parking, breathtaking sweeping ocean views out the front, while enjoying views of Alamitos Bay from the rear. Truly, these are the best characteristics the peninsula has to offer. Ideal for beach living in one unit and renting out the other during high-demand vacation season. The first floor unit boasts an extensively upgraded three bedroom, three bath, luxurious open floor plan. The second unit and a portion of the exterior is a fixer—three bedroom two bath unit, with a front ocean view balcony, and a rear privacy deck. Iit doesn’t stop there. Accessible from the second unit, is a third story bonus floor with its own rear oversized deck with surrounded by ocean and bay views from east to west. Enjoy the sights and sounds of firework shows, snow capped mountains, boat parades and yearly festivities from your very own beach retreat. The lower level boasts an oversized parking lot with 2 to 3 covered parking carport, 1 to 2 car parking on the pad behind, oversized laundry and storage room, ample indoor and outdoor storage for kayaks, paddle boards and other water activity supplies. See recent sale at 7015 E. Seaside to see the comparable for the lot value alone. Don't miss the chance to own this beach retreat, perfectly priced and ready for you to move in! Sellers motivation, is your gain!
Courtesy: B&N Associates
Introducing a pristine 3091 sq ft quadruplex in Long Beach, featuring four units in excellent condition. Cap rate 5%.This investment gem comprises two one-bedroom units, one two-bedroom unit, and a spacious three-bedroom residence. Nestled in a sought-after neighborhood where neighbors stroll with their pets and foster a sense of community, this property offers more than just a living space. One of the units boasts its own convenient laundry area, while all residences are meticulously clean and well-maintained both inside and out. Natural light floods through the large windows, creating a bright and airy atmosphere, and ensuring a constant flow of fresh air. The upstairs unit showcases modernity with newer kitchen cabinets and elegant granite countertops. Step outside to the backyard oasis, a perfect blend of greenery and relaxation space. This quadruplex is not just an investment; it's an opportunity to own a piece of tranquility in a thriving community. Don't miss your chance to be a part of this desirable section of Long Beach.
Fantastic Investment Opportunity! Located in the trendy and hip Retro Row neighborhood of Long Beach! 4) very spacious 1 bedroom units with classic art deco features, including classic mock-fireplaces in all of the livingrooms. Lovely archways between the Living and Dining rooms. Hardwood flooring custom built-ins and high ceilings, Plus extra closet space. The kitchens have gorgeous art deco tile back splashes and some with granite counters and breakfast nooks. The baths have custom 20's style flooring. All 4 of these units come with their own private garage. The back building has 2) 1 bedroom units over the 4 garages, also with classic art deco features, built-ins and hardwood floors. There is a very large outdoor lawn with a patio between the two buildings, which creates a great community outdoor space for the occupants. All interior photos were previously taken by the owners of the property. Mostly long term tenants so there is definately an upside to the rental income. Just 4 blocks to the beach, and walking distance to award winning restaurants, amazing boutiques, art galleries and antique shops. The seller will entertain carrying the First Trust Deed!
Beautifully updated duplex in the prestigious Belmont Shore neighborhood. This duplex has a 3 bedroom 2 bath that has approximately 1750 sq.feet of living space and a 2 bedroom , one bath unit that is around 1150 sq.feet. Both units have been updated by the prior owner. The property has an interior stair case that you can close off or move between each unit. There is a 3 car garage with two additional spots behind it. There is copper plumbing, newer electrical, newer roof waterproof coating , vinyl fence around the front of the property and a newer 3 ton a/c unit. The interiors have hardwood floors, crown moldings, updated kitchens and bathrooms and newer appliances. The units include the furnishings that are there. A roof top deck is included to enjoy the beauty of the area. The property is just off second street near the shops, dining and parks.
820 Lime Avenue is an 8-unit, apartment building located in Long Beach, California. The property is priced at 5.51% cap rate and 11.64 GRM at current rents. The property is comprised of a unique mix of two (2) 5 BD / 2 BA units; two (2) 3 BD / 1.5 BA units; two (2) 3 BD / 1 BA units; and two (2) 2 BD / 1 BA units. The asset is separately metered for both gas and electric, and boasts a ±10% upside in rents. An onsite laundry / storage room offers the opportunity for additional income. The five (5) garages offer the opportunity for ADU conversion.
811 Gardenia is a well-positioned 7-unit asset located in Long Beach, California. The property is priced at a 5.58% cap and 12.0 GRM on current rents. Built in 1963, The asset has a strong unit mix comprised of (1) 6BD/2BA, (1) 4BD/1BA, (3) 3BD/1BA and (2) 2BD/1BA units. Most of the units have been partially upgraded with new floors, countertops, fixtures and paint. The property has four (4) garages and a laundry room providing additional income. New ownership also has the opportunity to convert garages to ADUs for increased income.
Courtesy: Keller Williams - Santa Monica
Courtesy: Keller Williams - Santa Monica
1049 E. 5th Street is a 16-unit, apartment building located in North Alamitos Beach. The property is priced at 5.44% cap rate and 11.87 GRM at current rents. The property is comprised of nine (9) 1 BD / 1 BA units and seven (7) studio units. The majority of units have hardwood floors, and the first-floor units offer private patios. Onsite laundry, garages and storage spaces provide additional income, and the four (4) garages also have the ability to be converted to ADUs.
2652 E. 15th Street is a 20-unit asset, located in the Zaferia Design District in Long Beach, California. The property is comprised of (18) 1BD/1BA and (2) studio units.Spread across a 21,717 square foot lot, the property has 15 surface parking spaces and two laundry rooms on site for additional income. Priced at a 5.14% cap rate & 11.91 GRM, new ownership can stabilize the asset at a 6.09% cap rate and 10.61 GRM.
1128 Stanley Avenue is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 12.60 x gross and 5.41% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit. Onsite laundry facilities provide additional income and there is ample parking of 13 total spaces -- nine (9) covered garage spaces under the building and two (2) two-car garages. With a Walk Score of 89, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.
1050 Gaviota Avenue is a 14-unit asset, located in the in Long Beach, California. Built in 1963, the property is comprised of (1) 4BD/1BA, (3) 3BD/1BA + Den, (4) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA units. Spread across a 12,474-square foot lot, the property has eight (8) garages and a laundry room on site providing additional income. The garages also offer the opportunity for ADU conversion. Priced at a 5.65% cap rate & 11.95 GRM, on actual rents, new ownership can stabilize the asset at a 6.07% cap rate and 11.34 GRM.
736-742 Olive is a 12-unit apartment building located in Long Beach, CA. The property is priced at a 6.0% cap rate and an 11.56 GRM on current rents. Built in 1927, the property includes (2) studios, (1) 5BD/2BA unit, and (9) 3BD/1BA units. Parking is available on-site with eight (8) garages and eight (8) surface spaces. The majority of the units have been updated with new flooring, paint and countertops. New ownership can generate additional upside by converting garages to ADUs, without losing surface parking in the interior courtyards. With a 91 Walk Score, the asset is well located near vibrant Downtown Long Beach and Alamitos Beach.
There are 8 units total consist of 6 units building with 2 bedroom and 1 bathroom each built around 1990 per assessor and 2 houses in the rear 1 is 3 bedrooms and 1 bath house and a 1 bedroom and 1 bath house both older built.
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.
