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
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 $11,495 per month / $137,940 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 $6,995 per month ($83,940 annually). For an owner-user, the opportunity is equally attractive. Occupy the expansive four-bedroom main residence while collecting nearly $7,000 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.
We are pleased to present two exceptionally located multifamily investment opportunities in the highly desirable Alamitos Beach neighborhood of Long Beach, CA. The properties, situated side by side at 2067 and 2075 E Broadway, offer an irreplaceable location overlooking Bixby Park along one of the most sought-after corridors in the city—just blocks from the beach and surrounded by vibrant dining, shopping, and entertainment. 2075 E Broadway, built in 1946, consists of 20 well-appointed units totaling 11,424 rentable square feet. The mix is comprised of (6) 1 Bed / 1 Bath units and (14) Studios. Like its neighbor, this property benefits from recent cosmetic upgrades including new flooring, new electrical panels and paint, enhancing its rentability and long-term value. The properties boast a Walk Score of 92 (“Walker’s Paradise”), placing residents within steps of trendy restaurants, boutique shopping, coffee houses, and entertainment venues. Nearby attractions include the Long Beach Museum of Art, Shoreline Village, Alamitos Beach, and the Broadway Corridor’s nightlife and dining scene. Tenants also enjoy convenient access to major employment hubs, Downtown Long Beach, and freeway connectivity to greater Los Angeles and Orange County. Together, 2067 and 2075 E Broadway represent a rare portfolio acquisition in one of the most desirable and supply-constrained rental markets in Southern California. With strong in-place fundamentals, upside potential, and an unmatched location, these properties present a phenomenal opportunity for a new buyer seeking to expand their portfolio in a high-demand coastal market.
We are pleased to present two exceptionally located multifamily investment opportunities in the highly desirable Alamitos Beach neighborhood of Long Beach, CA. The properties, situated side by side at 2067 and 2075 E Broadway, offer an irreplaceable location overlooking Bixby Park along one of the most sought-after corridors in the city—just blocks from the beach and surrounded by vibrant dining, shopping, and entertainment. 2067 E Broadway was built in 1954 and consists of 16 units across 8,156 square feet of rentable space. The well-balanced unit mix includes (1) 2 Bed / 2 Bath, (1) 2 Bed / 1.5 Bath, (12) 1 Bed / 1 Bath, and (2) Studios. The property has recently received new flooring, new electrical panels and fresh paint, offering immediate appeal for both tenants and investors. The properties boast a Walk Score of 92 (“Walker’s Paradise”), placing residents within steps of trendy restaurants, boutique shopping, coffee houses, and entertainment venues. Nearby attractions include the Long Beach Museum of Art, Shoreline Village, Alamitos Beach, and the Broadway Corridor’s nightlife and dining scene. Tenants also enjoy convenient access to major employment hubs, Downtown Long Beach, and freeway connectivity to greater Los Angeles and Orange County. Together, 2067 and 2075 E Broadway represent a rare portfolio acquisition in one of the most desirable and supply-constrained rental markets in Southern California. With strong in-place fundamentals, upside potential, and an unmatched location, these properties present a phenomenal opportunity for a new buyer seeking to expand their portfolio in a high-demand coastal market.
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.
We are pleased to present a 4-unit multifamily property. Built in 1928 originally as a triplex, the subject property consists of 2,351 rentable square feet spread throughout a 6,258 square foot lot. The property consists of a Two Bedroom + Den / One Bathroom House with 2 Existing One Bedroom / One Bathroom Units and 1 Brand new One Bedroom ADU. It contains three garages and one storage space.
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.
4 Unit Investment Opportunity in North Long Beach! Don’t miss this exceptional opportunity to own a cash flowing 4 unit property in the heart of North Long Beach. This well maintained complex features one spacious 3 bedroom, 2 bath unit and three 2 bedroom, 1 bath units, making it ideal for both seasoned investors and owner-occupants seeking rental income. Each unit includes its own single car detached garage, while the 3 bedroom unit offers a 2 car detached garage. The property also includes on site coin operated laundry, providing convenient additional revenue. (Potential to convert garages into additional units!) This is a investment with strong existing cash flow and minimal maintenance required. Live in one unit and rent out the others, or add this solid asset to your rental portfolio. Please do not disturb tenants. All offers subject to interior inspection.
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.
Discover a rare opportunity on the highly sought-after Long Beach Peninsula with this well maintained four-unit property that combines prime coastal living with exceptional investment potential. Just steps from the sand and perfectly positioned between the Pacific Ocean and Alamitos Bay, residents enjoy Belmont Shore shops, dining, nightlife, kayaking, paddle boarding, sailing, and scenic biking and running paths, all complemented by nearby yacht club. The building features two upstairs one-bedroom, one-bath units and two downstairs studios, each with a private entrance. Unit 29 B, renovated in 2025, offers a fireplace, ocean view, extended bedroom area ideal for an office or nursery, a balcony overlooking the common area, and a one-car garage (originally two-car, no dividing wall). Unit 27 A, updated in 2024, includes a private garage suitable for small vehicles or motorcycles, while Unit 27 B, updated around 2018, features a fireplace and extensive improvements. Unit 29 B has central heating, while the other units are equipped with mini-split systems. Unit 29 A is ready for some TLC. A detailed list of improvements may be provided upon request. With major system upgrades, modernized interiors, and reduced deferred maintenance, this property offers strong long-term rental growth potential. It is being sold subject to a 1031 exchange and represents an excellent opportunity for investors seeking both lifestyle and financial rewards. The seller also owns a sister four-unit building at 6514 E Ocean Blvd, Long Beach, and is open to negotiating attractive deals for the purchase of both properties together.
Price Reduced! All Offers Welcome --- Welcome to 2221 Granada Ave, a fantastic opportunity in a highly sought-after, prime East Long Beach neighborhood! Your tenants will love these units! This isn't just a place for your tenants to put down roots and live the life; it's a launchpad for the Long Beach lifestyle. You'll be minutes from everything: convenient shopping, easy transportation options that include bus, 405-605 and 91 freeways, and just a stone's throw from CSULB and Long Beach City College. Conveniently located to all and 15 minutes to the beach and 2nd street. Great hub spot for those who have dual incomes and work in Los Angeles and Orange Counties. Inside, you'll find classic charm blended with modern updates, including beautiful hardwood floors, tiled bathrooms and newer windows. The kitchen is a delight, featuring sleek Quartz in the front unit and beautiful Granite countertops in the back unit, a charming breakfast area in each along with a Dining ell off the light-filled living area. Key amenities include: Convenient in-unit laundry in both units. Along with utilities sink next to laundry ... great place for clean-up instead of the kitchen sink or outdoor hose! A private outdoor yard space for each unit. Plenty of street parking available. The back unit boasts a two-car garage! Don't wait—this is a great spot in a phenomenal location that won't last long!" Great tenants that love everything about this duplex.
Great opportunity to own a 4-unit property in the heart of Long Beach! Each unit offers 1 bedroom and 1 bathroom with comfortable living spaces. The property includes four detached garages with alley access, adding both convenience and value. Perfect for investors or owner-users seeking rental income. Located near shopping, restaurants, schools, and easy freeway access.
Located in the highly desirable Belmont Shore submarket of Long Beach, 105 Roswell Avenue presents a rare opportunity to acquire an 8-unit multifamily asset just blocks from the beach and the vibrant 2nd Street retail corridor.This well-positioned property consists of a two- and three-story structure offering an attractive unit mix, with strong in-place cash flow and significant upside potential. The asset benefits from its prime coastal location, walkability, and consistent tenant demand driven by proximity to dining, retail, and major employment centers.
Location Location Location! Ocean Front Assets are the gold standard for real estate. Do not miss this. Unobstructed Ocean Views and the highest Cap Rate (4.71%) you will ever find in Belmont Shore on the Ocean in this Incredible Ocean Front 6 unit with Parking! You can't beat this asset. The Beach House is a incredibly rare property to come across. Stunning remodels with new plumbing, electrical, and high end finishes. Each unit has Washer and Dryer in unit and a beautiful layout maximizing the ocean views here on Ocean Blvd. Steps to the sand and even more rare for Belmont Shore, this asset comes with 4 parking spaces. You will not find beach front properties this cheap maybe ever again. 5339 E Ocean Blvd is an ideal opportunity for investors seeking a turnkey coastal multifamily generational asset with zero deferred maintenance, immediate leasing opportunity to put your own tenants in and an exceptional location-driven rental appeal in one of Southern California’s most desirable beach communities. Four of the units are rare front-facing one-bedroom residences with ocean and water views, creating a highly compelling lifestyle rental product in one of Long Beach’s most sought-after beachside communities. The remaining two renovated one-bedroom units further round out a turnkey investment with broad tenant appeal. With the Olympics coming to the Belmont Shore Swimming Pool and the World Cup on it's way as well. AIR BNB opportunities are endless. The Beach House at 5339 E Ocean Blvd in the most desirable Belmont Shore asset you will find. One of the only locations on Ocean Blvd with unobstructed ocean views. Offered at $3,200,000 and only $533,333 per unit, this exceptional coastal asset consists of six 1-bedroom/1-bathroom units across 3,048 square feet on a 2,540 square foot lot. Based on projected market rents, the property offers approximately $17,780 per month and $215,760 in annual scheduled gross income, with an estimated 4.71% cap rate upon lease up.
Welcome to 3 and 5 Euclid Avenue, a true classic duplex that is located in the coveted neighborhood of Belmont Heights in Long Beach. Just a very short walk to the beach, pier and convenient shopping. This wonderful Spanish style duplex has endless potential. It features two units; each 2-bedroom unit has a den that can easily be used as an office or a third bedroom, formal dining room, living room with mock fireplace and each unit has 1 1/4 bath. The units have the added benefit of washer and dryer hook-ups plus their own separate patio area. There are two single car garages with a driveway in front of each garage for additional parking. This exceptional property has not been on the market for many, many years. The generous layouts, classic charm, and unbeatable location make this duplex a coveted investment opportunity. Whether you choose to rent out both units or live in one while renting the other you cannot beat the exceptional architectural style of this well-located property. It is a premier investment opportunity. PLUS, PLUS there is a basement with windows that has the potential of being converted into an ADU making the investment even more remarkable. The owner has expired permits with the City for this possible ADU. 3 and 5 Euclid Avenue delivers unmatched potential in one of Long Beach’s most coveted neighborhoods. Properties like this simply do not come around very often.
Prime Turnkey Investment Opportunity In Long Beach – Remodeled 6-Unit Complex. Exceptional Opportunity To Acquire A Recently Remodeled, Turnkey 6-Unit Multifamily Income Property In The Highly Desirable Thriving Rental Market Of Long Beach. Pride Of Ownership Radiates Throughout This Meticulously Updated Complex, Offering A Virtually Maintenance-Free Asset For Both Seasoned & First-Time Investors Looking For Immediate, Reliable Cash Flow. The Property Features An Optimal Unit Mix Of Six Well-Appointed 1-Bedroom, 1-Bathroom Apartment Homes With Individual Garages & Additional Onsite Parking. Each Unit Has Undergone Comprehensive Interior Renovations To Meet The Demands Of Today’s Premium Renters. Upgrades Include Beautifully Modernized Kitchens, Refreshed Bathrooms With Contemporary Fixtures, Large Walk-In Showers & Custom Tile Work. Each Unit Also Boasts Either Original Hardwood Or LVP Flooring, Fresh Interior Paint, Recessed Lighting, & Upgraded Hardware Throughout. Ideally Situated In Long Beach, This Property Offers Tenants Unparalleled Access To The Best The City Has To Offer. It Is Just Minutes Away From Bouton Lakewood Country Club, Lakewood Village, The Vibrant Dining & Entertainment Scenes Of Downtown Long Beach (DTLB), The Trendy Retro Row, Alamitos Beach, & The Pike Outlets. With Excellent Walkability, Easy Access To Public Transit, Close Proximity To Major Freeways (710, 405), Long Beach Airport & California State University, Long Beach (CSULB), The Location Guarantees A Deep & Consistent Pool Of Highly Qualified Prospective Tenants. Don't Miss Out On This Rare Chance To Add A Stabilized, High-Performing Coastal Asset To Your Real Estate Portfolio.
This is a mixed use property consisting of a 2 bedroom, 2 bath Classic Spanish single family home with gorgeous Shiplap mantle and electric fireplace in living room. Kitchen has a newer large stainless farm sink & newer LG stove/range and new LG dishwasher and a new just remodeled hall bath with custom tile and a TOTO Drake Toilet an Washlet Bidet, an attached one car garage and private rear yard area. House features a new 200 AMP panel, and a 50 AMP generator hookup for backup. 240V electrical circuit installed @original W/D hook ups in kitchen. In addition, there are 3 commercial spaces, and an amazing loft space and large exterior storage garage. This is a unique opportunity to own a property with this configuration. Currently 1) Front small business space (currently a Hawaiian Shaved Ice Shop)with access from Wardlow 2) Larger/spacious space, access from Wardlow, features a new built-in counter/storage with double sinks and a beautiful remodeled bathroom and 3) Rear space with loft area, (currently a Brow Salon) with a remodeled .75 bath and access from Walnut, also has a storage space. Multiple ways to configure for rental and/or use. All new exterior paint and interior paint in the commercial space. New main plumbing line on the commercial side. Roof re-coat recently completed. Hardwired security cameras. Hard wired Cat6 Ethernet ports installed in home and much more.
Introducing this exceptional 9-unit property located in the heart of vibrant Long Beach, CA. Positioned in one of Southern California’s most dynamic coastal markets, 617 W 3rd Street offers a compelling investment opportunity in the rapidly evolving Downtown Long Beach corridor. Just minutes from the waterfront, Pine Avenue, and the city’s major employment hubs, the property benefits from strong rental demand driven by both lifestyle and location. Long Beach continues to see sustained growth fueled by ongoing redevelopment, proximity to the ports, and accessibility to both Los Angeles and Orange County. The area attracts a diverse tenant base including young professionals, students, and long-term residents seeking an urban coastal environment with walkability and transit access. The property presents a rare opportunity for investors to capture both immediate income and future upside. The 9-unit asset consists of two 4-unit apartment-style buildings and one Craftsman single-family residence with a detached 2-car garage situated between them. Several units have been recently upgraded, and utility improvements have also been completed. The property is fully rented with a number of long-term tenants and operates at approximately a 7.33% cap rate, offering stable in-place income with additional upside potential.
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.
