REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,249,000
Est. payment | /mo
8 Beds
8 Baths
$ 1,249,000
Est. payment | /mo
8 Beds
8 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID RS25191734
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to a rare investment gem offering close to 6.5% CAP RATE in the heart of Long Beach. This updated 4-Units multi-family apartment built in 1962 offers unbeatable neighborhood appeal and rental potential. There are Four spacious and well-kept two-bedroom, two-bath units. Located close to the vibrant Bixby Knolls neighborhood, its just minutes from Long Beach Airport, Downtown Long Beach, The Queen Mary, and both the 91 and 710 freeways, the property combines prime accessibility with strong rental appeal. Property Highlights: 4 x 2BR + 2BA units, each approx. 1,062 sq?ft Inviting fireplaces in every unitideal for creating cozy living environments Dedicated Carport for each unit and ample street parking Close proximity to both the 91 and 710 freeways, hospital, schools, Lakewood Center This property is a smart choice for investors seeking steady income, long-term demand and value appreciation. It may qualify for DSCR loan to approve the buyer without their personal income as qualification criteria. If youre looking for turnkey investment in a great area with huge growth potential, this is the right property for you.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Artesia Blvd & Cherry Ave exit on 91 FWY
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 7115008006
Listed by Vibhor Vineet Nanda Realty Inc.
GET MORE INFORMATION
Keegan Wetzel
Founder of Multifamily | License ID: 02153342