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Welcome to a rare investment gem offering close to 6.5% CAP RATE in the heart of Long Beach. This updated 4-Units multi-family apartment built in 1962 offers unbeatable neighborhood appeal and rental potential. There are Four spacious and well-kept two-bedroom, two-bath units. Located close to the vibrant Bixby Knolls neighborhood, it's just minutes from Long Beach Airport, Downtown Long Beach, The Queen Mary, and both the 91 and 710 freeways, the property combines prime accessibility with strong rental appeal. Property Highlights: "¢ 4 x 2BR + 2BA units, each approx. 1,062 sq?ft "¢ Inviting fireplaces in every unit"”ideal for creating cozy living environments "¢ Dedicated Carport for each unit and ample street parking "¢ Close proximity to both the 91 and 710 freeways, hospital, schools, Lakewood Center This property is a smart choice for investors seeking steady income, long-term demand and value appreciation. It may qualify for DSCR loan to approve the buyer without their personal income as qualification criteria. If you're looking for turnkey investment in a great area with huge growth potential, this is the right property for you.
Property Type(s):
Residential Income
| Last Updated | 8/28/2025 | Tract | North Long Beach (NLB) |
|---|---|---|---|
| Year Built | 1962 | Community | 7 - North Long Beach |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Range |
| AREA | 7 - North Long Beach |
| FIREPLACE | Yes |
| HEAT | Wall Furnace |
| LOT | 5249 sq ft |
| PARKING | Assigned, Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | North Long Beach (NLB) |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Nanda Realty Inc.
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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