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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,560,000

Est. payment | -/mo

4 Baths

2,534 Sqft Lot

Save

$ 1,560,000

Est. payment | -/mo

Save

4 Baths

2,534 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID PW26080272

Lot Size 2,534 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

8-unit apartment building located in Downtown Long Beach. The property features a unit mix of (6) studios and (2) 1-bed/1-bath units, all with upgraded interiors. The building has been well maintained and has upgraded electrical panels. There is also a well sized basement with potential to be converted into a common area laundry room. Located on a corner lot with good visibility and access to local amenities, employment centers, and the 710 Freeway. Downtown Long Beach continues to see new development, supporting rental demand. Opportunity for stable cash flow with additional upside through rental increases.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Magnolia and 6th

Interior

Heating Floor Furnace

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7272023022

Acceptable Financing Cash

Listing Terms Cash

Listed by Cody Charnell, DRE#01950585 Sage Real Estate Group, Inc.

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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463 W 6th Long Beach, CA 90802