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Beverly & Hector Team

team@bh-realtor.com +1(626) 922-9910

$3,395,000

Est. payment - /mo

5,431 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID PW26176341

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1964

Lot Size 5,431 Sqft

Property Sub-Type Mixed Use

Property Description

Fully renovated 10-unit apartment community offering a turnkey investment opportunity at an attractive 7% cap rate. The property underwent a comprehensive, permitted renovation down to the studs, including a new roof, electrical, plumbing, HVAC, windows, individual water heaters, and modernized interiors throughout. The unit mix consists of (5) 1-bed/1-bath and (5) 2-bed/1-bath units, including three newly constructed ADUs. Separate gas and electric meters and individual water heaters help minimize operating expenses. The majority of the units are master leased to a single organization, providing consistent income, reduced vacancy exposure, and streamlined management. Conveniently located in North Long Beach with access to major employment centers, transportation, and surrounding coastal communities.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Interior Features Ceiling Fan(s), Recessed Lighting, Unfurnished

Heating Wall Furnace

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range, Microwave, Refrigerator

Laundry Common Area

Exterior

Parking Features None

Fence None

Pool None

Community Features Curbs, Street Lights

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 7126025019

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Juan Huizar Sage Real Estate Group, Inc. 562-307-0838, DRE #01417642

NEARBY SCHOOL & BUSINESS

+1(626) 922-9910

team@bh-realtor.com

1411 S Diamond Bar Blvd, Diamond Bar, CA 91765, USA

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5529 Dairy Long Beach, CA 90805