Property listed by JohnHart Real Estate, Channy Chor 213-608-6408
$2,500,000
Now available in the heart of Long Beach, this well-maintained 9-unit income property presents an outstanding investment opportunity. Spanning approximately 7,093 square feet of rentable space, the building is fully gated and features secure entry, onsite parking, and a functional mix of unit layouts. Several units have been thoughtfully updated… Read More with newer flooring, fresh paint, upgraded kitchens, and remodeled bathrooms, offering comfortable and appealing living spaces for tenants.
The property includes a shared laundry area and benefits from low-maintenance landscaping and a clean, organized exterior. Located in a highly accessible area near major freeways, public transit, shopping centers, and local schools, this asset draws consistent tenant interest. With strong rental demand in the Long Beach market and value-add potential, this is a prime opportunity for both seasoned investors and buyers looking to build long-term wealth through real estate. Read Less
Listing Snapshot
Days Online
15
Last Updated
Property Type
Apartment
Lot Size
0.14 Acres
Year Built
1963
MLS Number
PW25279650
Additional Details
Building
Built in 1963, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Sidewalks
Expenses
Insurance: $4,677, Operating: $4,677
Garage
5 spaces
Income
Gross Income: $168,600, Gross ScheduledIncome: $168,600, Net Operating Income: $163,923
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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