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Exceptional Investment Opportunity in North Long Beach! This well-maintained 5-unit multifamily property offers a compelling mix of stable income and long-term upside potential. The building consists of four spacious 1-bedroom/1-bath units and one larger 2-bedroom/1-bath unit, making it a great fit for a variety of tenants. Each unit is individually metered for gas and electricity, simplifying utility management and maximizing cost-efficiency. The building has been plumbed with full copper plumbing. Investors will appreciate the coin-operated laundry room, which provides additional income, and the 4-car garage, offering both convenience and potential for increased revenue. Located in a rising pocket of North Long Beach, this asset is close to transportation, employment hubs, and local amenities, ensuring strong rental demand. With market rents trending upward, there’s ample opportunity to increase cash flow through strategic improvements and rent adjustments. Whether you're a seasoned investor or new to multifamily ownership, this is a rare chance to secure a high-potential asset in an improving area. Don’t miss out on this attractive blend of current income and future growth!
Last Updated | 5/1/2025 | Tract | North Long Beach (NLB) |
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Year Built | 1954 | Community | North Long Beach |
Garage Spaces | 4.0 | County | Los Angeles |
Additional Details
ADULT COMMUNITY | Yes |
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AIR | Wall/Window Unit(s) |
AIR CONDITIONING | Yes |
APPLIANCES | Disposal, Gas Range |
AREA | North Long Beach |
CONSTRUCTION | Copper Plumbing, Stucco, Wood Siding |
GARAGE | Assigned, Yes |
HEAT | Wall Furnace |
HOA DUES | 0 |
LOT | 5040 sq ft |
LOT DESCRIPTION | 2-5 Units/Acre |
PARKING | Assigned |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
SUBDIVISION | North Long Beach (NLB) |
UTILITIES | Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected, Electric: Standard |
VIEW DESCRIPTION | None |
WATER | Public |
ZONING | LBR3T |
Location
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