Beautifully restored Spanish Revival 6-unit complex in Long Beach’s historic South Wrigley neighborhood. Features (4) large 2-bed/1-bath and (2) 1-bed/1-bath units totaling 5,504 SF. Upgrades include new electrical panels, copper plumbing, on-site laundry, and garages. Assumable financing at 3.20% fixed through May 2026, then 4.20% until Nov 2026, 5.20% until… Read More May 2027, and 6.20% until Nov 2027. Current 5.10% cap rate with upside to 6.67% pro forma. Additional income could be achieved through RUBS, pet rent, parking, and potential ADU development where existing garages are located. Excellent location near Downtown, transit, and schools—strong cash flow and long-term upside. Read Less
Property listed by Pat Swanson, Pat Swanson 213-864-2862
Listing Snapshot
Days Online
29
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1932
MLS Number
OC25078995
Additional Details
Building
Built in 1932, Building area total: 5,504, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
Biking, Gutters, Sidewalks, Urban
Expenses
Electric expense: $300, Gardener expense: $600, Insurance expense: $5,504, Operating expense: $39,103, Trash expense: $1,500, Water sewer expense: $1,500
Garage
5 spaces
Income
Gross income: $135,678, Net operating income: $94,305
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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