$2,195,000
Pleased to present this well-maintained 8-unit multifamily property in Long Beach. Consisiting exclusively of single-story units, the property features a desirable unit mix, with two of the eight units recently renovated to include updated flooring and fresh interior paint. Operational efficiency and long term durability are supported by key system upgrades, including copper plumbing, updated electrical systems, and new electrical panels. The property also benefits from an on-site laundry facility, two single-car garages and two double-car garages. A unique highlight of the property is a permitted storage area currently generating supplemental income from existing tenants. This space includes a bathroom and is equipped with plumbing, gas, and electrical, presenting an excellent opportunity for potential ADU conversion (buyer to verify), further increasing revenue potential. Overall, this property combines recent upgrades, strong in-place income, and multiple avenues for future growth—making it an attractive addition to any multifamily portfolio.
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Listed by Rick Applebaum with Morgan Skenderian (949) 251-8800
Property Type
Apartment
Status
Active
MLS Number
PW26102358
Year Built
1950
Lot Size
7,662 sq ft