Description
Now available in one of long beach’s most affordable and high-demand rental neighborhoods, this charming 10-unit spanish-style apartment building offers a rare blend of character and cash flow. the property features (9) studio units and (1) 1-bedroom/1-bath unit along with a convenient on-site laundry room. with a strong annual gross income of $183,780 and an attractive 6.0% cap rate, this asset presents an excellent opportunity for investors seeking stable returns in a supply-constrained rental market. don’t miss this chance to own a classic, income-producing property in a thriving long beach location.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
50420879
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Cooling Features
- None
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1923
- Building Area Total: 3,616
Pool Features
- None
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.15
- Lot Size Source: Assessor
- Lot Size Square Feet: 6532
-
Listing Information
Listing Price Information
- Original List Price: 1,670,000
- Listing Contract Date: 2025-07-14
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 7261015012
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: None
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: See Remarks
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 9 - Poly High
- Postal Code Plus 4: 2469
- Directions: North of Anaheim and West of Cherry
- Zoning: LBR2N
- Source Property Type: Residential Income
- Area: 9 - Poly High
- Property SubType: Apartment
Building and Construction
- Property Age: 102
- Common Walls: 2+ Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: Front
- Property Attached: Yes
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 07/26/2025 @ 09:20
- MLS: PW25157783
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 3,616 sqft, 6,532 sized lot, and 0 parking. are nearby neighborhoods.