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Listed by Justin White • Justin White
$ 2,875,000
Est. payment | /mo
3,926 SqFt
$ 2,875,000
Est. payment | /mo
3,926 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,926 sqft
Price per Sqft $732
MLS Listing ID CRPW25088733
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1923
Lot Size 6,579 Sqft
Property Sub-Type Other
Property Description
This 12-unit multifamily property, located in the highly sought-after 90814 zip code of Long Beach, presents a rare opportunity to acquire a fully renovated, turnkey investment in a thriving rental market. Built in 1923, the property was thoughtfully upgraded in 2023 with new flooring, paint, and appliances—ensuring a contemporary living experience while preserving its classic architectural charm. The unit mix consists of one-bedroom, one-bath units, catering to the strong demand from the area’s blue-collar workforce. With historically high occupancy rates and consistent rental growth in Long Beach, this property provides immediate cash flow with potential for further rent optimization. The building offers operational efficiencies and economies of scale for investors. This offering represents an excellent opportunity to acquire stabilized assets in a dynamic and growing market—ideal for a seasoned investor or a first-time buyer looking to expand their portfolio.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Other
Flooring Wood
Fireplace No
Laundry Other
Building
Water Public
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