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This 12-unit multifamily property, located in the highly sought-after 90814 zip code of Long Beach, presents a rare opportunity to acquire a fully renovated, turnkey investment in a thriving rental market. Built in 1923, the property has been thoughtfully upgraded in 2023 with new ?ooring, paint, and appliances, ensuring a contemporary living experience while preserving its classic architectural charm. The unit mix consists of one-bedroom, one-bath units, catering to the strong demand from the area’s blue-collar workforce. With historically high occupancy rates and rental growth in Long Beach, these properties provide immediate cash ?ow with the potential for further rent optimization. The building offers operational ef?ciencies and economies of scale for investors. This offering represents an excellent opportunity to acquire stabilized assets in a dynamic and growing market for a seasoned investor or a ?rst-time buyer looking to expand their portfolio.
Property Type(s):
Residential Income
| Last Updated | 4/22/2025 | Tract | Downtown (DT) |
|---|---|---|---|
| Year Built | 1923 | Community | Downtown Area, Alamitos Beach |
| County | Los Angeles |
Additional Details
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Double Oven, Electric Oven, Refrigerator |
| AREA | Downtown Area, Alamitos Beach |
| CONSTRUCTION | Drywall, Stucco |
| HEAT | Wall Furnace |
| INTERIOR | Ceiling Fan(s), Recessed Lighting |
| LOT | 6579 sq ft |
| LOT DESCRIPTION | 11-15 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Cottage |
| SUBDIVISION | Downtown (DT) |
| UTILITIES | Cable Available,Phone Available,Sewer Connected |
| WATER | Public |
| ZONING | LBR2N |
Location
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Listed with Justin White
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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