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.
Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $232.
**Pride of ownership fourplex located just two blocks from the beach. Ideal for the discerning investor seeking to enhance their portfolio with a prime property. This highly sought-after location offers close proximity to the ocean and is situated on the border of the vibrant “Broadway Corridor” featuring shops, galleries, and restaurants.
Listed for $2,200,000, this six-unit multifamily property offers a prime investment opportunity in one of Long Beach's most desirable beachside locations. The building consists of (2) 2-bedroom/1-bath units, (3) 1-bedroom/1-bath units, and one unpermitted studio unit. One building was constructed in 1908 and the other was built in 1988.
One of a kind property in a prime Belmont Heights location, within walking distance to restaurants, shopping and the beach. There are two independent units, each with the feel of a separate home, with a large very private interior garden. Lots of character, with bright sunny rooms, crown moldings, archways and hardwood floors throughout.
1430 Chestnut Avenue, Long Beach, California 90813
11Picture(s)
6,402Sqft
6,772Lot Sqft
PRICED TO SELL. Under 10X GRM with upside to a 7.3% CAP. 12 units (all 1+1's) located blocks from downtown Long Beach. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior and all interiors were updated in 2019. No onsite parking. There is an on-site laundry room that is currently not being used.
PRICED TO SELL. 9.9 GRM and 6.3% CAP with upside to a 7.5% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry.
BEAUTIFUL UPGRADED 8 UNIT BUILDING--ALL 2 BEDROOM / 2 BATHROOMS. FRESHLY PAINTED. FULLY OCCUPIED. GATED BUILDING WITH STREET LEVEL PARKING FOR 12+ CARS) EACH UNIT HAS A PRIVATE BALCONY. TOTALLY SB721 COMPLIANT (INSPECTED IN SEPT. 2024). EASY TO MANAGE BUILDING.
We are pleased to exclusively offer for sale this 9 Unit Multi-Family investment located in the vibrant 90804 submarket of Long Beach. This 5,201 SF lot is centrally positioned in Long Beach and offers tenants convenient access to the entirety of the city as well as the confluence of both Los Angeles and Orange County freeway systems.
PRICE JUST REDUCED!! This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 6.6%. The Property has been Well-Maintained, with a Great Upside Potential on the Future Rental Income!! This Property Offers (3) 2 Bedrooms -1 Bathroom, (6) 1 Bedrooms - 1 Bathroom and (1) Bonus Room/Studio -1 Bathroom.
Located in the downtown area. Property has a new roof, and the upstairs pathway and balcony deck has been resurfaced. The complex is near the beach, restaurants, shops, public transportation and central downtown. There are five garages and the complex is gated.
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