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2216 W Wardlow Rd
For Sale $1,519,000 ($287.53 per Sq Ft)
$1,519,000 ($287.53 per Sq Ft)
- 7 Units
- 5,283 Sq Ft
- 5,651 Sq Ft
- Unknown Cap Rate
Description
PRICED REDUCED AND READY TO SELL. 9.5 GRM on current rents with upside to 9 GRM and 7.3% CAP. 7 units in Long Beach NOT subject to local rent control - AB 1482 Only (5% + CPI max increase). All units are 2+1's. 4 garages in the front - potential ADU opportunity - Buyer to verify. Property is professionally managed and well-maintained. Laminate flooring, updated kitchens. On-site laundry as well. Seller just spent over $20K updating unit 7 - new cabinets, flooring, etc. EARN OVER A 9% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Qualified Buyers can put as little as 25% down. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,519,000 |
| Property Type | Multi-Family |
| Usable Sqft | 5,283 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1963 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7317003004 |
| MLS # | 25525531 |
| Property ID | 291973799 |
| Lot Sqft | 5,651 |
| Zoning | LBR1N |
| Total Units | 7 |
| Days on Market | 285 |
| Original List Price | $1,575,000 |
| Date Updated | December 24, 2025 |
| Date Created | April 15, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $1,850 | $1,850 |
| Gross Income (Yr) | $ 153,000 |
| Operating Expenses | $ 56,000 |
| Net Income (Yr) | $ 97,000 |
| Cap Rate | 6.50% |
Listing Provided By
Jonathan Swire an agent of . Lic #01336277
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Robert Crawford
REAL ESTATE AGENT