Long Beach MLS Home Search - Long Beach, CA
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Long Beach 1641 Locust Avenue
NEW PRICE! Excellent Assumable Financing Available! 3.63% Interest Rate - Fixed for 7.5 Years! We are pleased to exclusively offer for sale this 14 unit multi-family investment in the city of Long Beach. The subject property consists of 3 separate structures of which, all units are separately metered for electricity and gas. Additionally there is a RUBS system currently in place in which the tenants are charged back for all usage of water and trash. This leads to almost no utility cost for the investor. Tenants enjoy gated private entry as well as 5 enclosed garage spaces that are rented out for additional income. A majority of the electrical and plumbing has been updated within the past 7 years as tenants vacate and the units are rehabbed. The roof was replaced within the last 7 years as well. There are currently 3 vacancies that are rent ready and will be held vacant at COE for a new buyer to choose their own tenants and attain market rent immediately. This is a true value-add opportunity as there is approximately 35-40% upside in rental income. Utilizing the assumable financing that is in place, a new investor can look to enjoy a 6.7% CASH-ON-CASH return on Day 1 with the current rental rates that are in place, with an even more significant cash return available upon stabilizing the asset with market rental rates.$2,450,000
Long Beach 1141 16th Street
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.$2,400,000
Long Beach 28 Giralda Walk
Welcome to this gorgeous and highly upgraded, custom home in the “Estate section“ of the idyllic Naples Island in Long Beach. This home offers a gracious open floor plan perfect for year round entertaining. Enjoy the beautiful gourmet kitchen with granite counters, travertine back splash, Thermadore appliances, breakfast bar, and charming dining room. The great room features several sitting areas, a 3 sided fireplace and access to the secluded back patio with security fence. On the second floor, open the double doors to the Master retreat with a balcony overlooking the patio, en suite bath with dual sinks, soaking tub, and travertine glass enclosed shower along with 2 additional bedrooms and a remodeled guest bath. The 3rd floor invites you to a rooftop deck with sunrise/sunset water views featuring porcelain tile, upgraded vinyl fencing and Pergola, and hookups to gas, water and electricity.$2,399,000
Long Beach 830 Roswell Avenue
We are pleased to present a 6-unit multifamily property. Built in 1964, the subject property consists of 4,714 rentable square feet spread throughout a 5,851 square foot lot. The building consists of two 1-Bedroom / 1-Bathroom units, three 2-Bedroom / 1-Bathroom units, and one 3-Bedroom / 1 Bathroom unit. It contains 10 parking spaces providing ample on-site parking. Tenants enjoy living in the Greenbelt Heights Neighborhood East of Downtown Long Beach, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains$2,395,000
Long Beach 811 Gardenia Avenue
811 Gardenia is a well-positioned 7-unit asset located in Long Beach, California. The property is priced at a 5.58% cap and 12.0 GRM on current rents. Built in 1963, The asset has a strong unit mix comprised of (1) 6BD/2BA, (1) 4BD/1BA, (3) 3BD/1BA and (2) 2BD/1BA units. Most of the units have been partially upgraded with new floors, countertops, fixtures and paint. The property has four (4) garages and a laundry room providing additional income. New ownership also has the opportunity to convert garages to ADUs for increased income.$2,395,000
Long Beach 1148 Stanley Avenue
8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 12.5 GRM and a 4.8% CAP with upside to a 6.4% CAP. Built in 1986 the property is professionally managed and well maintained. All units are 2 bed/2bath and have updated kitchens, baths and flooring. 12 onsite parking for 8 units as well as onsite laundry. There is onsite laundry onsite. The electrical is Siemens - it's a 200 AMP main panel with 60 AMP subpanels (Buyer to verify). Email LA for more information including a current Rent Roll and actual expenses.$2,375,000
Long Beach 751 Cerritos Avenue
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.$2,349,000
Long Beach 109 Rivo Alto Canal
THE ISLE OF NAPLES IS ONE OF THE MOST PROMINENT, DISTINCTIVE, AND CULTURAL LOCATIONS IN LONG BEACH. A SHORT DISTANCE TO 2ND STREET WHERE YOU CAN EXPLORE BEACHES, EVENTS, AND ENTERTAINMENT. PEACEFUL AND QUIET - THIS COMMUNITY IS TRUELY PICTURESQUE OF ITALY ITSELF IN THE HEART OF SOUTHERN CALIFORNIA.$2,300,000
Long Beach 1043 Coronado Avenue
Offered at a 6.00 percent cap rate on current rents, this offering is a great acquisition opportunity for an investor looking for strong in-place cash flow in Long Beach’s desirable Eastside rental market. Assumable financing is available. 1043 Coronado Avenue is a 1923 construction with 11 studios and one two-bed/one-bath unit; most units are single-story floor plans and all are separately metered for gas and electricity. The property also offers on-site laundry and five garages that generate additional income. This asset is located in Eastside Long Beach, a strong-performing rental submarket, one block west of Redondo Avenue and within easy walking distance of a Food4Less-anchored shopping center and several dining options. This location offers tenants convenient access to Belmont Shore, freeways, and Cal State Long Beach. 1043 Coronado Avenue is offered along with 1048 Coronado Avenue, an eight-unit property located across the street; properties must be acquired together. These assets are part of a Long Beach portfolio sale along with 716 Raymond Avenue, a 16-unit asset that may be acquired separately.$2,300,000
Long Beach 4531 Country Club Lane
Nestled in the prestigious Virginia Country Club gated community, this remarkable two-story villa embodies luxurious living. With 5 bedrooms and 4½ bathrooms spread across 4,744 square feet, it exudes opulence. The grand entrance boasts a turret-style cupola with a skylight, bathing the space in natural light. Stone granite finishes adorn the entire home, including a gourmet kitchen with a large island, a six-burner range, and double ovens. The open concept seamlessly connects the kitchen to the living/family room with picture windows and sliders. Upstairs, four bedrooms and a playroom await. The oversized primary bedroom features a walk-in closet and an en suite bathroom with dual vanities and a raised bath offering stunning views. Outside, an al fresco dining area in the backyard invites entertainment and relaxation. Positioned for privacy and security, this villa promises refined living within an upscale community. This exceptional 5-bedroom, 4½-bathroom villa stands as a testament to architectural brilliance and contemporary luxury. From its grand turret-style cupola and stone granite finishes to the gourmet kitchen with panoramic views, it's a masterpiece of design and comfort redefining refined living in an exclusive gated community.$2,300,000
Long Beach 420 Almond Avenue
420 Almond Avenue is a 9-unit apartment asset located in Long Beach, California. The property is offered at 11.90 GRM and 5.56% cap rate on current rents. The property is comprised of (7) 1BD / 1BA units and (2) 2BD / 2BA units. Six (6) garages offer the potential for ADU conversion. Eight of the nine units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers. The property is located withing walking distance to popular 4th Street/Retro Row shopping and dining amenities.$2,300,000
Long Beach 110 Anaheim Street
Newer commercial retail building in "Anaheim Pine Plaza". Located on the corner of major street of Anaheim Street and Pine Ave(next to Pacific Ave). 2 stable tenants - LPB Convenience Store and Veronica's Insurance. Building size is 4,467 sf on the 13,853 sf lot. Rebuilt in 2008, the property is very clean and newer condition. Separate electrical, air conditioning and heating unit. More than enough 20 parking spaces. LPB Convenience Store has 10 year long term tenancy and Veronica Insurance has over 17 stores in Southern California. Both tenant is Rent + NNN with 3% annual rent increase.$2,300,000
Based on information from California Regional Multiple Listing Service, Inc. as of =date('F jS, Y \a\t g:ia T', strtotime($last_updated)); ?>. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.