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$ 2,195,000
Est. payment | /mo
8 Beds
4 Baths
7,502 Sqft Lot
$ 2,195,000
Est. payment | /mo
8 Beds
4 Baths
7,502 Sqft Lot
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 SB26215233
Bedrooms 8
Lot Size 7,502 Sqft
Lot Dimensions 50x150
Property Sub-Type Res Income 2-4 Units
Property Description
North Long Beach 9-unit apartment building for sale at $244K per door. A rare multifamily income property in Long Beach 90805 with a 6.14% cap rate on served November 1, 2026 rents, $222,203 in gross scheduled income, and value-add upside. The unit mix is seven 2-bed/1-bath units and two 3-bed/1-bath units, plus six garages. The most recent 3-bedroom turnover re-leased at $2,500/mo in May 2026, showing room to grow rents. Two garages may qualify for ADU conversion under California law (buyer to verify with the City of Long Beach). Professionally managed, with long-term tenancy. Directly across from Addams Elementary and a short walk to Grace Park and the Long Beach Blvd shopping corridor, near the Metro A Line, the 710, the 91 and the 405. An ideal 1031 exchange property or long-term hold. Rent roll and income statement available. Do not disturb tenants.
Location
State CA
County Los Angeles
Zoning Assessor
Direction 91 Fwy to Atlantic Ave south, right on 53rd St, right on Pine Ave. Cross streets: Del Amo Blvd / Long Beach Blvd.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7131007023
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Adela Randazzo, DRE#01954846 Keller Williams Realty
Nearby Locations
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Krystal Lane
Partner Lic# 1918284