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$3,225,000
Est. payment /mo
6,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $537
MLS Listing ID CRDW24247496
HOA Y/N No
Year Built 1961
Lot Size 6,501 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
Presenting a prime investment opportunity in the heart of Long Beach's vibrant Eastside neighborhood! This fully renovated 9-unit property, originally built in 1961 and beautifully updated in 2019, offers 6,706 sq ft of living space on a 6,534 sq ft lot. The complex features 2 one-bedroom/one-bath units and 7 two-bedroom/one-bath units, all meticulously renovated with modern wood-style flooring, quartz countertops, Shaker-style cabinetry, stainless steel appliances, and designer fixtures. Located just two blocks from the bustling Fourth Street/Retro Row, this property boasts excellent walkability and access to a diverse array of shops, restaurants, and entertainment. With a current NOI of $152,215 and a strong occupancy rate, this turnkey investment promises strong returns in a highly desirable location.
Location
State CA
County Los Angeles
Area Listing
Zoning LBR2
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Paved
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7258029024
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Listed by Martin Marquez • eXp Realty of California Inc.