$3,395,000
Fully renovated 10-unit apartment community offering a turnkey investment opportunity at an attractive 7% cap rate. The property underwent a comprehensive, permitted renovation down to the studs, including a new roof, electrical, plumbing, HVAC, windows, individual water heaters, and modernized interiors throughout. The unit mix consists of (5) 1-bed/1-bath and (5) 2-bed/1-bath units, including three newly constructed ADUs. Separate gas and electric meters and individual water heaters help minimize operating expenses. The majority of the units are master leased to a single organization, providing consistent income, reduced vacancy exposure, and streamlined management. Conveniently located in North Long Beach with access to major employment centers, transportation, and surrounding coastal communities.
Listed by Juan Huizar with Sage Real Estate Group, Inc. (562) 400-7622
Property Type
Mixed Use
Status
Active
MLS Number
PW26176341
Year Built
1964
Lot Size
5,432 sq ft
Click to interact with map
235 Linden, Long Beach
Listed by Robert Stepp with Keller Williams Realty Downey
473 E 55th St, Long Beach
Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker
1561 W Pacific Coast, Long Beach
Listed by Tim Ho with First Team Real Estate
1756 Pacific, Long Beach
Listed by Leah Ivy Chang with Redpoint Realty
208 W Anaheim, Long Beach
Listed by Josephine Velasco with Coldwell Banker Envision
1123 Cedar, Long Beach
Listed by Robert Stepp with Keller Williams Realty Downey
1036 Saint Louis, Long Beach
Listed by Andrew McAllister with eXp Realty of Greater L.A
1090 Redondo, Long Beach
Listed by Juan Huizar with Sage Real Estate Group, Inc.
