Exceptional Investment Opportunity in North Long Beach! This well-maintained 5-unit multifamily property offers a compelling mix of stable income and long-term upside potential. The building consists of four spacious 1-bedroom/1-bath units and one larger 2-bedroom/1-bath unit, making it a great fit for a variety of tenants. Each unit is individually… Read More metered for gas and electricity, simplifying utility management and maximizing cost-efficiency. The building has been plumbed with full copper plumbing. Investors will appreciate the coin-operated laundry room, which provides additional income, and the 4-car garage, offering both convenience and potential for increased revenue. Located in a rising pocket of North Long Beach, this asset is close to transportation, employment hubs, and local amenities, ensuring strong rental demand. With market rents trending upward, there’s ample opportunity to increase cash flow through strategic improvements and rent adjustments. Whether you're a seasoned investor or new to multifamily ownership, this is a rare chance to secure a high-potential asset in an improving area. Don’t miss out on this attractive blend of current income and future growth! Read Less
Property listed by Real Brokerage Technologies, Oriana Shea 562-477-3388
Listing Snapshot
Days Online
30
Last Updated
Property Type
Apartment
Lot Size
0.12 Acres
Year Built
1954
MLS Number
RS25095588
Additional Details
Property Access
Road frontage type: CityStreet
Appliances & Equipment
Disposal, GasRange
Building
Built in 1954, Building area total: 3,315, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore, Construction materials: Stucco, WoodSiding, CopperPlumbing
Community
Suburban, SeniorCommunity
Cooling
WallWindowUnits
Accessibility Features
Accessibility features: None
Expenses
Electric expense: $460, Gardener expense: $760, Insurance expense: $13,000, Operating expense: $23,007, Trash expense: $1,200, Water sewer expense: $3,000
Fence
None
Fireplaces
None
Floors
Carpet, Laminate, Vinyl
Garage
4 spaces
Heating
WallFurnace
Income
Gross income: $79,964, Net operating income: $55,957
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.
