Description
This updated 16-unit apartment community is now fully occupied and boasts a current cap rate of 6.51%. all units have 2-bed, 1-bath floor plans. nine of the 16 units were recently renovated – four of which were partially updated, and the other five were remodeled top-to-bottom with new paint, flooring, lighting, and brand new kitchen and bathroom finishes. recent exterior upgrades include a new roof, new exterior railings, improved decks and walkways and select window replacements. this property also offers additional income potential with architectural plans to convert 8 garage spaces into 4 adus - the current owner passed the pre-planning stage with the city. more building features include a controlled-access gate for extra privacy and security and a community laundry room. this apartment community is located in a residential yet walkable pocket of southwest long beach, near the heart of downtown and the east village arts district.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
47650301
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Property Details
-
Interior Features
Bathroom Information
- Total Baths: 0
Water/Sewer
- Sewer : Public Sewer
Interior Features
- Property Appliances: Electric Range,Refrigerator
Cooling Features
- Air Conditioning
Heating Source
- Has Heating
Fireplace
- Has Fireplace: 0
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Exterior Features
Building Information
- Year Built: 1964
- Building Area Total: 13,641
Pool Features
- None
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Assessor
- Lot Size Acres: 0.1735
- Lot Size Source: Assessor
- Lot Size Square Feet: 7559
-
Listing Information
Listing Price Information
- Original List Price: 3,900,000
- Listing Contract Date: 2024-11-06
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 7271021044
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Garage,On Street
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 197 - Long Beach
- Directions: Cross St: W 10th
- Zoning: Commercial
- Source Property Type: Residential Income
- Area: 197 - Long Beach
Building and Construction
- Property Age: 61
- Common Walls: 2+ Common Walls
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: Gound Level
- Property Attached: Yes
- Levels or Stories: Three Or More
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BuyOwner last updated this listing 06/13/2025 @ 11:23
- MLS: PTP2407022
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 13,641 sqft, 7,559 sized lot, and 8 parking. are nearby neighborhoods.