Totally remodeled, turnkey 8-unit (6+2 brand new ADU's) property in a high demand rental area of Long Beach. Great unit mix with one 3 bed/1 bath unit, five 2 bed/1 bath units, and two brand new 1 bed/1 bath detached ADU's. High yield, low expense property at an in-place cap rate of 5.8% and a GRM of 11.15 with an additional 8% in upside to a market cap rate of 6.5% and a 10.30 GRM. Extensively renovated property including exterior refresh, new windows, main electrical panel, controlled access, low-water landscaping, common areas, and lighting. 5 out of 6 existing units upgraded with new vinyl flooring, new kitchens, bathrooms, paint, and lighting. Two brand new 1 bed/1 bath ADUs just completed at the rear of the property separated by a new turf courtyard. ADUs include mini-split AC units, in-unit laundry hookups, open concept kitchen/living areas, stainless steel appliances, high grade cabinets, quartz countertops, and full-sized bathrooms. Parking for 3-4 cars in the rear of the property. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i71795136
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PRICED TO SELL. 10X GRM and a 6.5% CAP on actual rents with upside to a 7.1% CAP. 10 units in Alamitos Beach in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Built in 1987, the property is professionally managed and well maintained. There are 14 onsite parking spaces - 1 for each unit plus 4 for rent. The 2nd floor units feature tall, vaulted ceilings and some have partial ocean views. The Property has an onsite laundry room. All units were updated from 2017-2019. The subpanels are 50 AMPS and the main panel is 200 AMPS. Plumbing is copper - Buyer to verify. Priced at only $340/SF. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND ACTUAL EXPENSES. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i71893072
Beautifully restored 9 unit building in the Poly High neighborhood of Long Beach- Central Long Beach. Pride of ownership property, same owner over 40 years. The property was just painted less than a year ago. Sandblasted, new stucco, paint, wood trim. Great mix of 17 bedrooms and 10 baths. The Landlord currently uses the front (one bedroom) unit as his office, where he spent approx $15, 000 in capital expenditures- gutting the unit and placing new floors, cabinets, counters, bathroom fixtures, shower stall, plumbing. It will be available at close (or prior if needed) and can easily be rented for $1800-$2000. A few other units have had nice capital expenditures as well in last 24 months. You have a total of 6 newer garage doors, plus 6 parking spaces. Perfect for long term investor looking for a property that cashflows nicely. Current gross market rent is apprx. $220, 800. Rent increases have been issued, and rent on March 15, 2024, increases by max 8.8% (California Rent Control), to $238, 000, plus small laundry income. 7.8% Cap Rate based on PRESENT rent. Property sold AS-IS. Please send Proof of Down Payment, Letter of Interest (if applicable) from commercial bank, with offers. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i69257935
Spacious Property with Business. Super Coin Laundry with a high return. Located on a busy intersection off of Pacific Ave and Pacific Coast Highway. 3 Bed 1 bath apartment on second level of business with 10 parking spaces. Also includes an extra large storage space. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i71057026
536 Saint Louis Avenue is an 8-unit multifamily investment opportunity located in Long Beach, CA. 536 Saint Louis Avenue offers a desirable mix of two and three-bedroom layouts with amenities including gated and secured access, garage and surface parking, and an on-site laundry facility. This property rests on the border of Alamitos Beach, one of Long Beachs earliest coastal neighborhood developments. At the end of the block is 4th Streets Retro Row where residents enjoy the vibrancy of independent and vintage shops, entertainment, the Art Theatre and restaurants. Additionally, 536 Saint Louis Avenues central location, within two miles of Downtown Long Beach, Alamitos Beach, and Belmont Shore, provides an attractive amenity for renters looking for convenient access to Long Beachs top destinations. 536 Saint Louis Avenue has undergone significant upgrades to its major systems such as upgraded plumbing, newer roof, new hot water heater and upgraded dual-pane windows to several of the units. Select units contain upgraded quartz or granite counter tops, tile flooring, and more. Ownership will have all electrical panels upgraded by close of escrow. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i69134650
Pride of Ownership, 6 Unit, Trophy Property! Located within the highly soughtafter community of Alamitos Beach, merely footsteps from the sand. 1517 E. 1st street is a classic, Long Beach, early 1900s building, featuring all classic characteristics and qualities of early 20th century architecture boasting magnificent high ceilings, built in cabinetry, hardwood flooring, large open floor plans with an abundance of natural light. Both upper level units have large sunrooms. In 2016 the asset received a full interior/exterior renovation. Improvements include; all new kitchen upgrades (quartz counters, tile flooring, all new cabinetry, stainless steel appliances and all new fixtures). Bathrooms were upgraded with all new granite counters, tile flooring/wainscot, new toilets, tubs and fixtures. Each unit has its own washer dryer and is separately metered for gas and electric. Lower level units have their own private yards and each unit has its own parking space. Located just a short distance from Belmont Shores 2nd street, which houses most of Long Beach's best fashion stores, restaurants, bars and coffee shops. Perfect building for the sophisticated investor looking for a prime asset in an A location. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i72562622
EXCELLENT LOCATION on NAPLES ISLAND!!!! Beautiful corner lot home located on a single loaded street across from a lush greenbelt on East Appian Way. This home is conveniently close to restaurants and shops along 2nd Street, the Long Beach Yacht Club, 2nd and PCH, Marina Pacifica, Marine Park (Mother's Beach), Alamitos Bay and more! Home currently functions as a 3 bedroom, with an office, which could be easily utilized as a fourth bedroom, three and a half bathrooms, the office has a sliding glass door leading out to an enclosed backyard with a large jacuzzi hot tub, PLUS a very spacious LOFT, also with a closet on the second floor with a nice size balcony that allows for a view of the beautiful greenbelt and fireworks on the 4th of July. The Primary Bedroom includes a fireplace, extra large closet, ensuite bathroom with dual sinks, skylight, separate shower, water closet and jacuzzi tub. Downstairs includes the Living room with gas fireplace open to a Dining area, Kitchen with two ovens, gas cooktop on island, Refrigerator and Pantry closet, separate laundry room with storage area, Powder Room, Currently used as an office, but could easily be used as a Bedroom with sliding door to the backyard and another Bedroom with ensuite full bathroom. Two car finished garage is attached and is accessible from alleyway with direct access into the home. In addition to ample street parking, there is enough room in the back of the garage for an extra car to park. Upstairs includes the Primary Bedroom and Bathroom, a second bedroom with built in bookshelves and desk, a second full bathroom, a very SPACIOUS Loft with a large mirrored closet, plumbing for a wet bar and sliding doors which lead out onto a large balcony. Hardwood floors are in the living room, dining area, kitchen, hallways, all bedrooms, the office and Loft area. Front 'Dutch' door and French doors in the front of the home open up to the front porch area to enjoy the beautiful ocean air and breeze. The Greenbelt on the opposite side of the street allows for privacy with no neighbors across the street. Alleyway in the back neighbors a parking lot. See aerial photos to notice how close this home is to all of the wonderful shops and restaurants, the marina, beach and many other places to enjoy in Long Beach. Home was remodeled and additions were made by previous owner in 1991 and 2009. Home is virtually staged. No furniture is included. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i71493730
14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.3X GRM and 5.6% CAP on current rents - with upside to a 5.9% CAP. The property is professionally managed and well maintained. Some units have updated kitchens, baths and flooring. The property also just received updated landscaping and paint. The building features and excellent unit mix for the area and is located blocks from $8BB worth of redevelopment in the Down Town Long Beach area. There is no onsite parking but there is onsite laundry. The electrical is Siemens - it's a 200 AMP main panel with 30 AMP subpanels (Buyer to verify). EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND ACTUAL EXPENSES. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i71629340
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! For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i69512287
This stunning new build, completed in 2022, is on a corner lot and offers a light and bright open floorpan. The expansive living room is complete with a cozy fireplace. Adjacent, the dining room has ample space and is open to the kitchen and living space. Beautiful chef's kitchen, featuring plenty of custom cabinetry, Quartz countertops, and a custom tile backsplash, this kitchen is as beautiful as it is functional. Equipped with premium appliances including a Wolf 6 burner range with griddle, Liebherr luxury built-in fridge, Bosch dishwasher, Sub-Zero beverage fridge, built-in microwave, and a walk-in pantry, it's a true haven for any cooking enthusiast. The living space extends seamlessly outdoors to a private and spacious covered patio. Downstairs, you'll find two large and well-appointed bedrooms, along with a convenient powder room for guests. The.75 bath with large walk-in shower adds extra comfort and convenience to the lower level. Venture upstairs to discover the crown jewel of this home - an expansive primary suite offering incredible space, views, and natural light, this sanctuary is designed for ultimate relaxation and rejuvenation. Cozy up by the fireplace in the retreat area, or indulge in the lavish amenities of the ensuite bathroom, featuring a soaker tub, large 2-person walk-in shower, separate water closet, double custom vanity and sinks and a very large walk-in closet. Sliders lead to a large private 2-tiered deck space. Additionally, this home boasts an attached 965 approximate square foot finished garage with high ceilings, providing next level space for parking and storage. Spacious laundry room with custom cabinetry and space for 2 washers/dryers and a conveniently located closet space has been dedicated for a future elevator, if desired. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i69229405
This well maintained 8-unit complex with obvious pride of ownership is an excellent investment opportunity. Located in the Alamitos Beach Area, minutes away from the ocean on a nice wide street, it features a 2-story, possible Owner/Manager 3 Bedroom, 3 Bath unit with a private balcony. As well as (7) 2 Bedroom, 1 Bath units. All units are a good size, check out the square footage. There is room to increase the current rental rates. All units feature individual electric meters. A portion of the units have A/C. And most of the units have double pane windows. All units feature garbage disposals. Flooring throughout the complex is as follows: Ceramic tile floors in living, hallway, kitchen and bathrooms area. All Bedrooms have engineered wood floors. The entire complex also has granite countertops in the kitchen and bathrooms. Garages and parking are included on the lot. The composite roof is about 3 years old. Onsite Laundry is also available for your tenants. This well-maintained complex will be a great income opportunity, allowing an owner to either live on site or provide upgraded accommodations for your property manager. Only 3 blocks away from the Ocean! This is a great opportunity, come and drive by today! For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i69356750
1128 Stanley Avenue is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 12.60 x gross and 5.41% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit. Onsite laundry facilities provide additional income and there is ample parking of 13 total spaces -- nine (9) covered garage spaces under the building and two (2) two-car garages. With a Walk Score of 89, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i69215649
Captivating viewsThis Oceanfront duplex is highly sought after due to its unique raised foundation above sea level, 4+ car parking, breathtaking full frontal ocean views out the front, while enjoying views of Alamitos Bay from the rear. Truly, these are the best characteristics the peninsula has to offer. Ideal for beach living in one unit and renting out the other during high-demand vacation season. The first floor unit boasts an extensively upgraded three bedroom, three bath, luxurious open floor plan. The second unit is a three bedroom two bath unit, with a front ocean view balcony, and a rear privacy deck but it doesnt stop there. Accessible from the second unit, is a third story bonus floor with its own rear oversized deck with surrounded by ocean and bay views from east to west. Enjoy the sights and sounds of firework shows, snow capped mountains, boat parades and yearly festivities from your very own beach retreat. The lower level boasts an oversized parking lot with 2 to 3 covered parking carport, 1 to 2 car parking on the pad behind, oversized laundry and storage room, ample indoor and outdoor storage for kayaks, paddle boards and other water activity supplies. See recent sale at 7015 E. Seaside to see the comparable for the lot value alone- this will not last. Don't miss the chance to own this beach retreat, perfectly priced and ready for you to move in! For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i69659483
We are pleased to present a 14 unit apartment building located at 532 Nebraska Avenue in Long Beach, California. This is a value-add opportunity in a great location of Alamitos Beach. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists of 5, 565 rentable square feet spread throughout a 6, 745 square foot lot. It was built in 1984 and consists of all one bedroom / one bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 9 parking spaces which are able to generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. There has been over $2B invested in real estate transactions and new development projects since 2013. There are 3, 997 residential units in the development pipeline. Notable completed projects near the subject property include the Shoreline Gateway at 777 E. Ocean Blvd. which is 35 stories high with 315 residential units and 6, 700 sq. ft. of restaurant and retail space, the Ocean View Tower at 200 W. Ocean Blvd has 142 units with 4, 100 sq. ft. of commercial space, and Volta on Pine at 635 Pine Ave. has 271 units with 1, 302 sq. ft. of retail and commercial space. Currently under construction is the renovation at the Breakers Hotel at 210 E. Ocean Blvd, Broadway Block at 330 and 333 E. Broadway which is 432 units and over 17, 793 sq. ft. of retail space, Aster at 250 E. Broadway with 218 units and 7, 300 sq. ft. of commercial space, as well as the Broadstone Promenade which is 189 units with ground floor retail space as well. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i70885754
736-742 Olive is a 12-unit apartment building located in Long Beach, CA. The property is priced at a 6.0% cap rate and an 11.56 GRM on current rents. Built in 1927, the property includes (2) studios, (1) 5BD/2BA unit, and (9) 3BD/1BA units. Parking is available on-site with eight (8) garages and eight (8) surface spaces. The majority of the units have been updated with new flooring, paint and countertops. New ownership can generate additional upside by converting garages to ADUs, without losing surface parking in the interior courtyards. With a 91 Walk Score, the asset is well located near vibrant Downtown Long Beach and Alamitos Beach. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i69057419
2652 E. 15th Street is a 20-unit asset, located in the Zaferia Design District in Long Beach, California. The property is comprised of (18) 1BD/1BA and (2) studio units.Spread across a 21, 717 square foot lot, the property has 15 surface parking spaces and two laundry rooms on site for additional income. Priced at a 5.14% cap rate and 11.91 GRM, new ownership can stabilize the asset at a 6.09% cap rate and 10.61 GRM. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i69305575
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 Street/Naples Island. There are twenty-three 2 bedroom/2 bathroom units, two 2 bedroom/1 bathroom units, twelve 1 bedroom/1 bathroom units, and one 3 bedroom/2 bathroom. Units are nicely appointed and all offer private balconies, many with great views down Broadway or Wisconsin Ave. 2611 E. Broadway presents itself as a rare opportunity as substantial buildings with a great mix are few and far between in such an excellent coastal Long Beach location. For more details and to contact: https://realtyww.info/homes_long-beach-d523493/for-sale_i69058681
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