210 East 29th Street is a 20-unit multifamily investment opportunity located in Long Beach, CA. 210 East 29th Street offers an attractive mix of studio, one, two, and three-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, the property features controlled access, a spacious central… Read More courtyard with built in BBQs, an on-site laundry facility, storage lockers, and garage parking. Furthermore, the property’s unique architecture has been recognized by the American Institute of Architects, winning a 2020 AIALA residential architecture award. 210 East 29th Street is situated in an optimal Long Beach location, providing convenient access to major employment and transportation hubs, as well as a plethora of leisure, healthcare, and retail amenities. The property offers walkable access to MemorialCare Long Beach Medical Center, Veterans Park, and the Albertsons anchored Wrigley Marketplace. Additionally, the property is situated a short walk from the Willow Street light rail station and is just over half-a-mile from Interstate 405, providing resident’s with easy access throughout Southern California. Furthermore, the property is within a 1.5-mile radius of all three levels of education including Birney Elementary School, Jackie Robinson Academy, and Long Beach Polytechnic High School. In summary, 210 East 29th Street’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. In summary, 210 East 29th Street represents a unique opportunity to acquire an award winning property in a fantastic Long Beach location. Read Less
Property listed by Marcus & Millichap RE Invest, Tyler Leeson [email protected]
Listing Snapshot
Days Online
90
Last Updated
Property Type
Apartment
Lot Size
0.28 Acres
Year Built
1963
MLS Number
OC25050137
Additional Details
Building
Built in 1963, Building area total: 11,060, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Community
Curbs, Gutters, Sidewalks
Expenses
Electric expense: $5,010, Fuel expense: $5,010, Insurance expense: $16,000, Maintenance expense: $14,000, New taxes expense: $47,128, Operating expense: $150,733, Trash expense: $5,010, Water sewer expense: $5,013, Other expense: $33,992
Garage
9 spaces
Income
Gross income: $403,301, Net operating income: $240,674
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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