4117 East 7th Street is a 20-unit apartment building with four brand new ADUs in Long Beach, California. This asset boasts a great location in the desirable Belmont Heights neighborhood within easy walking distance of Recreation Park and Colorado Lagoon and proximate to Cal State Long Beach and Belmont Shore. 4117 East 7th Street is a well-maintained 1962 construction with a mix of nine two-bedroom/one-bath and 11 one-bedroom/one-bath units, ample tuck-under parking, and income-generating on-site laundry. Four of the one-bedrooms are newly completed ADUs anticipated to achieve monthly rents of $2,195. Current rents offer a new investor 19 percent potential upside, and this propertys excellent location in an area with a strong tenant base make it a great acquisition opportunity. This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.
Newer commercial retail building in "Anaheim Pine Plaza". Located on the corner of major street of Anaheim Street and Pine Ave(next to Pacific Ave). 2 stable tenants - LPB Convenience Store and Veronica's Insurance. Building size is 4,467 sf on the 13,853 sf lot. Rebuilt in 2008, the property is very clean and newer condition. Separate electrical, air conditioning and heating unit. More than enough 20 parking spaces. LPB Convenience Store has 10 year long term tenancy and Veronica Insurance has over 17 stores in Southern California. Both tenant is Rent + NNN with 3% annual rent increase.
Newer commercial retail building in "Anaheim Pine Plaza". Located on the corner of major street of Anaheim Street and Pine Ave(next to Pacific Ave). 2 stable tenants - LPB Convenience Store and Veronica's Insurance. Building size is 4,467 sf on the 13,853 sf lot. Rebuilt in 2008, the property is very clean and newer condition. Separate electrical, air conditioning and heating unit. More than enough 20 parking spaces. LPB Convenience Store has 10 year long term tenancy and Veronica Insurance has over 17 stores in Southern California. Both tenant is Rent + NNN with 3% annual rent increase.
1135 Olive Ave is a 9 unit apartment building located in Long Beach, California. Constructed in 1921, the subject property contains 6,308 rentable square feet that is placed on a 10,414 square foot lot. Also included is the vacant lot next door, 1127 Olive Avenue, containing a 6,527 square foot lot. The existing units consist of (4) 1 Bed + 1 Bath units and (5) 2 Bed + 1 Bath units. The vacant land is zoned LBR4R, this subject property provides a multitude of possibilities for development. The property offers economically friendly units that are perfect for the working-class individuals that value being centrally located to all business sectors of Downtown Long Beach, Alamitos Beach, and Downtown Los Angeles. Long Beach has provided a historically strong tenant occupancy, which makes filling vacancies effortless. The City of Long Beach attracts a diverse population of tenants due to its strong growing economy, plethora of music festivals, cultural celebrations, and sporting events. In the case of a multifamily property, having a mix of unit sizes can provide flexibility for the owner. This allows for different rental pricing tiers, accommodating tenants with varying budgets and needs; which makes 1135 Olive such an attractive investment because it provides (4) 1 bedroom + 1 bath
BACK ON THE MARKET >>>>> We are proud to present a good investment in a stong rental area of Long Beach. The mix is one larger 960 square foot two bedroom/one bath unit, over four garages with alley access. There are six one bedroom/one bath units, with the same 531 square foot floor plan contained in one easy to maintain garden style building. With the same continuous ownership for the last 36 years you know it is worth being the next in line to benifit from this property in your portfolio. The real value here is in the upside of the rents on an undervalued building of this size. At the proforma market rents, it will be a profitable 11.22 GRM. and 6.7 CAP. Please drive by to see the quality of the neighboring properties and single family residence. This apartment complex should prove to very inviting to educated investors. The most recently leased unit #1145 proves the $1,495 proforma rents. Current rents are based on increases due to go in effect on March 1st. If any tenants choose to move, then the $1,495 (1/1) or $1,795 (2/1) market values, makes the numbers even better on the value added.
OWNER WILL CARRY - CALL LISTING BROKER FOR DETAILS!!! Stand alone commercial restaurant/retail building for sale in heart of up and coming North Long Beach Area. Property has enclosed/gated parking areas in rear, front + rear alley access, excellent location/visibility on Atlantic Ave, and more. Current use is for restaurant space, zoning may allow for additional/other potential mixed/retail/office type uses (Buyers to independently verify zoning/uses with city). Owner may be interested in selling current restaurant machinery/equipment and/or type 41 liquor license separately - contact listing broker for details. An excellent acquisition for the owner/user and investor alike - contact us today to schedule your private showing.
OWNER WILL CARRY - CALL LISTING BROKER FOR DETAILS!!! Stand alone commercial restaurant/retail building for sale in heart of up and coming North Long Beach Area. Property has enclosed/gated parking areas in rear, front + rear alley access, excellent location/visibility on Atlantic Ave, and more. Current use is for restaurant space, zoning may allow for additional/other potential mixed/retail/office type uses (Buyers to independently verify zoning/uses with city). Owner may be interested in selling current restaurant machinery/equipment and/or type 41 liquor license separately - contact listing broker for details. An excellent acquisition for the owner/user and investor alike - contact us today to schedule your private showing.
Back units need some work. Great starter units for handy investor. The third building has four detached garages and one parking space. Great upsides potential in the area. Building has character. Some units have laundry hookups. Located near the mass transit line on Pacific Coast Metro and the Anaheim Station A lines. The property is a short distance to the historic Pine Avenue., bike trail, churches, schools, restaurants brewery and Rainbow Harbor. Located on a 7733 square foot lot. If you drive the area you can see that it is improving. The analysis is a wild guess of the expenses and gross income
Please see the Supplements section to access the Offering Memorandum. Beautiful 1151 Daisy Avenue is a charming 12 unit apartment complex in dynamic downtown Long Beach. This property features a roster of ten standard studios, two loft studios, laundry room, and four individual garages. The building was constructed in 1921, has a rentable area of approximately 4,604 SQ/FT, is built on a 7,440 SQ/FT lot, and is in absolutely turn-key condition to generate ample amounts of income from day one. All units are also individually metered for gas and electricity.
19 Room and 1 Mangers Housing Motel for Sale in Downtown Long Beach. All Rooms and Bathrooms have been renovated in the recent years. Property sits on a large lot with lots of available parking. Managers units is 1 bedroom with 1 full bath. Property has in house laundry with maid service. Close to the 710 Freeway Between 7th Street and Anaheim. Business is excluded from sale. Gross Income is 445,000/YTD
19 Room and 1 Mangers Housing Motel for Sale in Downtown Long Beach. All Rooms and Bathrooms have been renovated in the recent years. Property sits on a large lot with lots of available parking. Managers units is 1 bedroom with 1 full bath. Property has in house laundry with maid service. Close to the 710 Freeway Between 7th Street and Anaheim. Business is excluded from sale. Gross Income is 445,000/YTD
Please see attached Offering Memorandum for additional information. Beautiful 914 N. Loma Vista Drive is a charming 8 unit apartment complex adjacent to dynamic downtown Long Beach. This property features four standard one-bedroom, two deluxe one-bedroom, and two balcony one-bedroom apartments. The property has been substantially improved by its current owner who has owned & operated it for 7 years. During that time, the current owner has invested a total of over $148,000 in capital expenditures to the property, completing major renovations on 6 of 8 units and contributing $46k+ into the building exterior. These improvements have yielded an increase of the annual rent roll from $70,752 in 2015 to $136,476 today (an increase of 92.89%). The property is being offered at a price of $2,200,000, which is an attractive 15.92X multiple of current gross rents (12.93X on market rents) and a Cap Rate on current rents of 3.90% (5.23% on market rents).
3316 E 3rd Str. is 7-unit fully-renovated apartment building located in the sought-after Belmont Heights area of Long Beach minutes from the beach. This buildings consists four (4) one-bedroom one-bath units, two (2) studios and one (1) one-bedroom one-bath garage-conversion ADU. In 2023, the building underwent tremendous capital improvements and now features a new roof, new plumbing, new electrical subpanels and 400A main panel, new tankless water heaters, new windows, waterproof vinyl flooring, shaker cabinets with quartz countertops, stainless-steel appliances and in-unit laundry in every unit as well as newly painted interior and exterior. There are also four (4) single-car garages and an additional surface parking space. The building is now separately metered for electrical, gas, and is sub-metered for water and all utilities are tenant's responsibility. This property is minutes from the beach, shops and restaurants located both at the 4th Street Corridor and those located at Belmont Shore's 2nd Street!
***Just reduced by $220,000***6.8% Cap Rate***SIX unit building just north of Downtown Long Beach. Property consists of a 4 bed 2 bath Craftsman single family home in front, and a rear building with 5 additional units (TWO 2bed 1 bath units, TWO 1 bed 1 bath units, and ONE non-conforming 2 bed 1 bath basement apartment). Amenities include on-site parking, on-site laundry for extra income, and an upstairs observation deck with 360-degree views of the San Gabriel Mountains, the Downtown skyline, and Palos Verdes Peninsula. All tenants are long-term multiple-year occupants on month-to-month rental contracts. These extremely well-performing units are all month to month with wonderful long-term tenants, a 6.8% Cap rate and tons of growth potential!
338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 11.42 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers. The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.
1830 - 1838 E. 7th Street is an 11-unit apartment asset in Long Beach, California. The property is offered at 11.40 GRM and 5.75% cap rate on current rents. The property is comprised of three buildings situated on an 11,668-square-foot lot. There are seven 1BD / 1BA units; two 2BD / 2BA units; one 3BD / 2BA unit; and one 4BD / 3BA house that could be an excellent owner's unit. Most of the 1BD / 1BA units feature attractive patio entrances. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled units offer in-unit washers and dryers. There are six garages that offer the opportunity for ADU conversion to capture additional rental income.
1215 Temple Avenue is a 7-unit apartment asset in Long Beach, California. The property is offered at 11.34 GRM and 5.96% cap rate on current rents. The property is comprised of one 4BD / 3BA townhouse-style unit; two 2BD / 2BA units; two 1BD / 1BA units; two studios. Studio units feature private yards. Six of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled units offer in-unit washers and dryers. There are five garages and one surface parking spot. The garages offer the opportunity for ADU conversion to capture additional rental income.
MASSIVE UPSIDE with a proforma CAP of 7.44%. NOI is $223,200 and gross income is $372,000. Property has a new roof!! 15 studio rentals upstairs are vacant and need to stripped down to the studs. Five lower retail units are in average condition. Two are currently rented at $1,500/mo with month to month tenants that will vacate upon sale. All commercial units will be delivered vacant. Located a half mile East of the 710 freeway with great rental demand in the area. This would be a great Section 8 play or great for government sponsored tenants. Would also work for regular tenants as well (after reno). Great opportunity and this will NOT last
MASSIVE UPSIDE with a proforma CAP of 7.44%. NOI is $223,200 and gross income is $372,000. Property has a new roof!! 15 studio rentals upstairs are vacant and need to stripped down to the studs. Five lower retail units are in average condition. Two are currently rented at $1,500/mo with month to month tenants that will vacate upon sale. All commercial units will be delivered vacant. Located a half mile East of the 710 freeway with great rental demand in the area. This would be a great Section 8 play or great for government sponsored tenants. Would also work for regular tenants as well (after reno). Great opportunity and this will NOT last
Exciting Investment Opportunity in Historic Zaferia Art and Business District! Welcome to 2745-2749 E. Anaheim St., Long Beach, CA 90804 - an incredible 3-unit commercial building that awaits your ownership. This historic gem is nestled in the well-known Zaferia Art and Business district, renowned for its unique personality and edgy charm, setting it apart from other business districts in Long Beach. Located in the heart of the city, Zaferia thrives as the main artery of Long Beach, offering a vibrant atmosphere with lively bars, eclectic restaurants, and enchanting performing arts theaters. Spanning 3,660 Sq. Ft. on a generous 4,038 Sq. Ft. lot, this building stands proudly next to the United States Post Office at the prominent corner of E. Anaheim and Temple St. Enjoy ample street parking, high visibility, and abundant foot traffic, creating the perfect environment for commercial success. Strategically positioned just minutes away from the traffic circle and the 405 freeway, this location offers unmatched accessibility, attracting potential customers and tenants alike. Whether you are an owner-occupier seeking a prime spot for your business or an astute investor looking for an excellent return, this property suits both purposes flawlessly. Currently offering a solid 5.4% cap ra
Exciting Investment Opportunity in Historic Zaferia Art and Business District!Welcome to 2745-2749 E. Anaheim St., Long Beach, CA 90804 - an incredible 3-unit commercial building that awaits your ownership. This historic gem is nestled in the well-known Zaferia Art and Business district, renowned for its unique personality and edgy charm, setting it apart from other business districts in Long Beach. Located in the heart of the city, Zaferia thrives as the main artery of Long Beach, offering a vibrant atmosphere with lively bars, eclectic restaurants, and enchanting performing arts theaters. Spanning 3,660 Sq. Ft. on a generous 4,038 Sq. Ft. lot, this building stands proudly next to the United States Post Office at the prominent corner of E. Anaheim and Temple St. Enjoy ample street parking, high visibility, and abundant foot traffic, creating the perfect environment for commercial success. Strategically positioned just minutes away from the traffic circle and the 405 freeway, this location offers unmatched accessibility, attracting potential customers and tenants alike. Whether you are an owner-occupier seeking a prime spot for your business or an astute investor looking for an excellent return, this property suits both purposes flawlessly. Currently offering a solid 5.4% cap rate, the existing below-market rents present an outstanding opportunity for investors to elevate the cap rate to nearly 6%. Whether you are an exchange buyer seeking a profitable venture or an owner in search of lucrative cash flow, this property fits the bill. Don't miss out on this ideal investment in the thriving Zaferia district. Embrace the potential and possibilities this property offers, and secure your future in Long Beach's vibrant commercial landscape. Act now and capitalize on this fantastic opportunity!
We are pleased to present the sale offering of 2611 E. Broadway. This 3-story multi family building is located in Coastal Long Beach on a prominent corner in the greater Belmont Heights area (technically Bluff Heights). This building consists of 36 units with a balanced mix of mainly 2 bedroom/2 bathroom apartments. The building is secure and offers three entrances, two staircases, and an elevator. Parking is available on two sides of the building with 17 individual parking garages. The building is built around a large central landscaped courtyard with a pool. The laundry room is located on the ground level and provides additional income and has been recently remodeled. The building is well maintained with no major capital expenditures forecasted. The building was re-roofed in 2014, re-landscaped in a drought tolerant manner in 2016, and the pool was remodeled in 2017. The building is located in a prime location in regards to employment base, walkability, transportation access, and points of interest. Just a 1/4 mile from the beach and an easy walk to Bluff Park, Long Beach Art Museum/Claires, Retro Row/4th Street Corridor, and dozens of local restaurants and boutiques. Just slightly beyond these locations tenants have easy access to Downtown Long Beach and Belmont Shore/2nd S
Featuring 6 one bedroom, 4 units with garage with 1 space each. there is a bonus room "studio" with 1 bdrm. 1 bth. and a kitchen, in addition to the 6 Units. This property offers an investor the opportunity to re-position through renovation and increased rents. The landlord provides the water. Located in the dynamic 90805 zip code this property will benefit for many years from the development that will create local jobs. The Market Capitalization Rate, based on market rents, exceeds 7 per cent.
There are 5 APNs. 7304-005-002,003,004,005,006 Total lot size of 15,682 SF Corner Lot. Commercial Zoning. APP. 151.55 X 103.47
There are 5 APNs. 7304-005-002,003,004,005,006 Total lot size of 15,682 SF Corner Lot. Commercial Zoning. APP. 151.55 X 103.47