Discover an exceptional investment opportunity with this multifamily property in the sought-after Long Beach area. Boasting a 5,406 SF building with 8 two-bedroom units, this charming property, built in 1943, offers a prime location and impressive potential for a low-rise/garden investor. The added value opportunity provides the investor with the ability to purchase a heavily discounted asset and achieve above market returns through capital improvements and increased rental income. With its desirable address and strong rental demand, this property presents a lucrative investment for those seeking to expand their portfolio in the thriving Long Beach market. Take advantage of this chance to own a piece of Long Beach's rich real estate landscape.
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| List Price | $1,695,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1943 |
| Last Sold | June 30, 2025 |
| Sold Price | 1,525,000 |
| APN # | 7266023027 |
| MLS # | PW24222871 |
| Property ID | 291992772 |
| Lot Sqft | 6,227 |
| Zoning | LBCNR |
| Total Units | 8 |
| Date Updated | June 30, 2025 |
| Date Created | October 28, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $10,650 | $0 |
| Net Income (Yr) | $ 77,728 |
| Cap Rate | 4.59% |
Rick Applebaum an agent of Morgan Skenderian. Lic #01273871
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 30, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT