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The Warburton Team Brokered By EXp

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

$2,250,000

Est. payment - /mo

6,085 Sqft Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID AR26188327

HOA Y/N No

Year Built 1987

Lot Size 6,085 Sqft

Property Sub-Type Apartment

Property Description

Prime 9-unit multi-family investment and potential condo conversion opportunity in a high-demand, low-vacancy Long Beach neighborhood! Built in 1987, this exceptionally updated, well-maintained, turn-key, three-story walk-up building offers approximately 7,000 rentable square feet featuring a strong unit mix of seven 2-bedroom/2-bathroom units and two 1-bedroom/1-bathroom units. Select 2-bedroom residences enjoy private balconies and patios. Tenants benefit from a quiet, well-managed environment with gated intercom entry, security doors, and secured gated parking. Units are separately metered for gas and electricity. Convient location—just one block north of 10th Street and east of Walnut Avenue—close to shopping, dining, and transit. Fully occupied with stable, quality tenants and current rents well below market rates, this property offers an outstanding turn-key asset with immediate upside and massive cash flow growth potential!

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Carport Spaces 12

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 12

Private Pool No

Building

Lot Description Street Level

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 7267011011

Energy Description 1200.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Bing Hou IRN Realty 626-786-2143, DRE #01026586

NEARBY SCHOOL & BUSINESS

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1025 Gaviota AVE Long Beach, CA 90813