Discover an exceptional investment opportunity with this multifamily property in the sought-after Long Beach area. Boasting a 5,406 SF building with 8 two-bedroom units, this charming property, built in 1943, offers a prime location and impressive potential for a low-rise/garden investor. The added value opportunity provides the investor with the ability to purchase a heavily discounted asset and achieve above market returns through capital improvements and increased rental income. With its desirable address and strong rental demand, this property presents a lucrative investment for those seeking to expand their portfolio in the thriving Long Beach market. Take advantage of this chance to own a piece of Long Beach's rich real estate landscape.
MLS# | PW24222871 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Pending |
Year | 1943 |
Days On Site | 182 |
Listing Provided By | Morgan Skenderian 949-251-8800 | Rick Applebaum |
SQ Feet | 5,406 |
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Story(s) | 2 |
Units | 8 |
Building(s) | 1 |
Zoning | LBCNR |
Acreage | 0.14 |
State | CA |
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County | Los Angeles |
City | Long Beach |
Zip Code | 90813 |
Area | 699 Not Defined |
Listing VS Median (in 90813) | |
Price: $1,695,000 low | high Med: $1,690,000 SqFt: 5,406 low | high Med: 3,102 $ / SqFt: $314 low | high Med: $548 On site: 182 low | high Med: 52.000000 |