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Listed by Rick Applebaum • Morgan Skenderian
$2,175,000
Est. payment /mo
9,358 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 9,358 sqft
Price per Sqft $232
MLS Listing ID PW-24222928
Year Built 1963
Lot Size 7,322 Sqft
Property Sub-Type Apartment
Property Description
Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $232.42 and $217,500 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected ±85% in rental upside, making it an enticing option for long-term ownership. The motivated sellers further enhance the appeal of this promising investment prospect.
Location
State CA
County Los Angeles
Interior
Laundry Community
Exterior
Garage Spaces 5.0
Pool None
Community Features Curbs, Gutters, Sidewalks
Building
Lot Description Lot 6500-9999
Sewer Public Sewer
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