PRICE REDUCED AND READY TO SELL. Priced to sell at 10.1 GRM and 6.5% CAP with upside to 9.4 GRM and a 7.2% CAP. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.8%). Located on the West Side blocks from Downtown Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree-lined street.
6.2% cap rate on actuals only 3 blocks to the beach! 10.6X GRM on actuals with a 9% upside to 9.7X GRM on market rents and 6.9% market cap rate.
Totally remodeled 8 unit (7+1 ADU) property consisting of two buildings with 4 units each and parking for 5 cars.
Welcome to Belmont Park upgraded townhouse style duplex with detached studio (rumpus room). Walking distance to trendy 2nd street restaurants, shopping and so much more. Each unit offers their own private yard perfect entertaining after a day a day at the beach or shopping.
179 Saint Joseph Avenue, Long Beach, California 90803
23Picture(s)
3,012Sqft
3,059Lot Sqft
Welcome to this stunning Spanish-style tri-plex in the coveted Belmont Shore neighborhood, perfectly blending classic charm with modern updates. This turnkey property is an exceptional investment opportunity, currently generating high market rent and located in a prime location off 2nd Street.
1631 East 4th Street features 8 multifamily units and a commercial suite located in the North Alamitos Beach neighborhood of Long Beach, CA. 1631 East 4th Street offers a unique mix of studio, one, and two-bedroom residential units behind a single-story commercial suite. The gated property features 3 buildings and offers four surface parking spaces in the rear of the property.
PRICE REDUCED TO SELL - SELLER IS MOTIVATED. 10.5 GRM AND 6.3% CAP on in place rents, with upside to a 9.3 GRM and a 7.6% CAP. 8 units located on the East Side of Long Beach - subject to AB 1482 Rent Control (5% + CPI increases). All units are in very good condition. And only $299/SF.
An Incredibly Rare Offering in the City of Long Beach — Fully remodeled in 2024, this 4-unit townhouse-style property presents a high-performing investment with 8 Total on-site Parking Spaces (2 spaces for Each Unit), 300 sqft private backyard for Each Unit, and a strong current Cap Rate of 5.30%, with pro forma potential of 5.70%.
CHECK OUT VIRTUAL TOUR Experience the charm and allure of this rare historic Spanish-style TWO ON A LOT home just steps away from the vibrant heart of Second Street in Belmont Shore, where you’ll find boutique shops, gourmet dining, and exciting amenities right at your fingertips! This exceptional property offers a unique combination of elegance, versatility, and modern conveniences.
No rent control! Incredible investment opportunity in the Circle area of Long Beach. The property comprises a two-bed, two-bath single-family residence (owner occupied) and the recently built multi-family triplex. The tri-plex was completed in 2015. Each unit is highly spacious and has the custom feel and appearance more of a condominium than an apartment.
Pleased to present 833 E. 1st Street, a 10*-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row.
1720 Cerritos Avenue, Long Beach, California 90813
20Picture(s)
6,074Sqft
5,198Lot Sqft
Current 7.00% Cap Rate and 10.20 GRM! Meticulously
remodeled with high-end finishes. Come see this
beautiful 7 unit building with best unit mix you can ask
for. 1720 Cerritos is comprised of (6) 2Bed+1Bath and
(1) 3Bed+1.5Bath units. Two units are currently vacant
and there is an opportunity to add significant value by
building out (2) Studio+1Bath ADUs.
5290 Division Street, Long Beach, California 90803
15Picture(s)
2,712Sqft
3,485Lot Sqft
Income and expense are using projected market rents and put property operating at projected 5.48% Cap and 12.4X Gross (Estimated current 4.34% and 14.4X). Located in the affluent community of Belmont Shore, a Southern California beach community and “college town” being just a few minutes from CSU Long Beach.
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