UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Na
MLS Listing ID OC25231379
HOA Y/N No
Year Built 1986
Lot Size 8,559 Sqft
Property Sub-Type Mixed Use
Property Description
Discover this rare 1980s multifamily gem in the desirable Eastside neighborhood of Long Beach, a low-vacancy area with no Rent Control. The property features 10 spacious two-bedroom, condo-style apartments with bright interiors, large balconies, and vaulted ceilings in the upper units. Several units were remodeled in 2021, adding modern upgrades that enhance appeal for tenants.
The gated 15-space parking garage offers convenience and additional income potential by renting out unused spaces. A newer roof with a lifetime guarantee, seller-owned laundry machines, and locked entrances with surveillance cameras ensure both security and stability. With tenants responsible for their own gas and electricity, operating costs remain low.
Ideally located near freeways and public transportation, this well-maintained, income-producing property presents a rare chance to secure strong cash flow and long-term growth in one of Long Beach's most thriving rental markets.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Heating Central
Cooling None
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Oven, Gas Cooktop, Microwave, Refrigerator
Laundry Common Area
Exterior
Parking Features Garage Faces Front, Garage, On Site, One Space, Garage Faces Side
Garage Spaces 15.0
Garage Description 15.0
Fence Wood
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Water Available, Water Connected
View Y/N Yes
View City Lights
Total Parking Spaces 15
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7254005032
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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