Appraised at $3.55M in 2024! Don’t miss this exceptional 10-unit multifamily investment opportunity in the heart of Long Beach. This fully renovated property boasts a 100% occupancy rate and offers a diverse unit mix: (1) x 3 Bed, 2 Bath + Yard, (2) x 2 Bed, 1 Bath, (7)… Read More x 1 Bed, 1 Bath. All units were remodeled in 2019, featuring stainless steel appliances, laminate and tile flooring, and modern finishes throughout. The property offers a total of 7,876 sq ft and 5 car garages. Located in a desirable area of Long Beach with easy access to local shops, dining, and the beach, this turnkey property is perfect for investors seeking immediate cash flow and long-term growth. Whether you're a seasoned investor or new to multifamily properties, this property offers both stability and potential. Read Less
Property listed by eXp Realty of California, Inc., Marina Morse 888-584-9427
Listing Snapshot
Days Online
47
Last Updated
Property Type
Other
Lot Size
0.2 Acres
Year Built
1953
MLS Number
PTP2501516
Additional Details
Building
Built in 1953, Building area total: 7,876, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Biking, Sidewalks, Urban
Expenses
Insurance expense: $6,885, New taxes expense: $46,125, Operating expense: $80,193
Garage
5 spaces
Income
Gross income: $211,000, Net operating income: $124,498
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
