266 E 25th St, Long Beach, CA 90806 | For Sale

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For Sale $1,995,000 ($322.71 per Sq Ft)

$1,995,000 ($322.71 per Sq Ft)
  • (0)
  • 9 Units
  • 6,182 Sq Ft
  • 6,632 Sq Ft
  • Unknown Cap Rate

Description

Nine-unit apartment building located in the Wrigley area of Long Beach, on a quiet residential street near the major cross streets of Long Beach Boulevard & Willow Street. 266 E 25th is located in an area with upside potential, offering a mix of (2) 2 Bed/1 Bath units, (6) 1 Bed/1 bath units and (1) Single unit. Property features include 6 private garages, separate utility meters, a laundry room with 1 washer/1 dryer and a gated perimeter, all of which support tenant security and convenience. Residents enjoy convenient access to nearby shopping and access to the Pacific Coast Metro, the 405 and 710 freeways. A 10-15 min drive to downtown Long Beach, Cal State Long Beach and the Long Beach Airport. Long Beach's strong rental market provides a new owner with the opportunity to take advantage of the high demand in this area. With current rents below market rates, this 9-unit building is an attractive investment opportunity for those looking to capitalize on its upside potential.

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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

Income

Rental Units


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Expenses

Property Details

List Price $1,995,000
Property Type Multi-Family
Usable Sqft 6,182
Number of Stories 2 stories
Parking Spots 6 spots
Year Built 1959
Last Sold Unknown
Sold Price Unknown
APN # 7208011010
MLS # 24455767
Property ID 292029921
Lot Sqft 6,632
Zoning LBR2N
Total Units 9
Days on Market 18
Original List Price $1,995,000
Date Updated October 31, 2024
Date Created October 23, 2024
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 0 1.00 $1,028 $1,195
Unit #2 2 1.00 $1,514 $1,850
Unit #3 1 1.00 $1,401 $1,650
Gross Income (Yr) $ 149,545
Operating Expenses $ 48,523
Net Income (Yr) $ 101,022
Cap Rate 5.00%
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Listing Provided By

Jacqueline Knoll an agent of . Lic #01726333


© 2024 CARETS and TheMLS. All rights reserved. Based on information from CARETS as of October 31, 2024 The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



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