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$2,039,000
Est. payment /mo
6,810 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,810 sqft
Price per Sqft $299
MLS Listing ID CL25484309
HOA Y/N No
Year Built 1963
Lot Size 6,423 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
PRICE REDUCED TO SELL - SELLER IS MOTIVATED. 10.5 GRM AND 6.3% CAP on in place rents, with upside to a 9.3 GRM and a 7.6% CAP. 8 units located on the East Side of Long Beach - subject to AB 1482 Rent Control (5% + CPI increases). All units are in very good condition. And only $299/SF. The property has new windows, new exterior paint, new landscaping, new garage doors and is professionally managed. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). Most units have W/D hookups. There are 4 garages on the front of the property. Units have individual waters heaters. EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND SETUP.
Location
State CA
County Los Angeles
Zoning LBR2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 7260023010
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jonathan Swire • The Agency