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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,950,000

Est. payment - /mo

6,730 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26102404

HOA Y/N No

Year Built 1987

Lot Size 6,730 Sqft

Property Sub-Type Apartment

Property Description

Pleased to present this well-maintained 8-unit multifamily property in Long Beach. Built in 1987, the property features exclusively two-bedroom, two-bathroom units, offering a highly desirable and functional layout for tenants. All eight units have been extensively renovated with brand-new flooring, updated countertops, and modern stainless steel kitchen appliances, including a refrigerator, stove/oven, and dishwasher. Each unit also includes in unit
washers and dryers, private balconies, and ceiling fans, enhancing overall tenant comfort and convenience.

The property is uniquely configured with separate APNs for each unit, providing a future buyer with flexibility and potential exit strategies. Additionally, the asset is not subject to statewide or local rent control, allowing for unrestricted rent growth. Current ownership has implemented a RUBS program, generating additional income. On-site amenities include a secured parking garage and controlled access, further contributing to tenant appeal and overall property security.

Location

State CA

County Los Angeles

Area 2 - Belmont Heights, Alamitos Heights

Interior

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Refrigerator, Dryer, Washer

Exterior

Garage Spaces 14.0

Garage Description 14.0

Pool None

Community Features Biking, Curbs, Dog Park, Golf, Park, Sidewalks

Total Parking Spaces 14

Private Pool No

Building

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7267028030

Energy Description 351.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Rick Applebaum Morgan Skenderian rma@morganskenderian.com, DRE #01273871

NEARBY SCHOOL & BUSINESS

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755 Gaviota AVE Long Beach, CA 90813