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We are pleased to exclusively offer for sale this 9 Unit Multi-Family investment located in the vibrant 90804 submarket of Long Beach. This 5,201 SF lot is centrally positioned in Long Beach and offers tenants convenient access to the entirety of the city as well as the confluence of both Los Angeles and Orange County freeway systems. In addition to the building’s excellent location, it has an outstanding unit mix consisting of (2) 2 Bed/2 Bath Units, (2) 2 Bed/1 Bath units, and (5) 1 Bed/1 Bath units. Further, the front house has a new roof and many of the major electric and plumbing systems have been upgraded. This kind of meticulous management is indicative of a well-run operation providing a smooth, headache free investment. As it stands, the offering presents strong day one income with a current CAP Rate of 6.25% as well as a GRM of 10.58 and future upside with a pro forma CAP Rate of 7.42% and GRM of 9.36. Along these lines, the property features onsite washer and dryer hookups allowing investors an easy avenue to increase their annual Cash Flow upon acquisition. All in all, the building is a half mile from Retro Row and just over a mile from the Traffic Circle and the vast dining, shopping, and entertainment options therein. This provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.
Property Type(s):
Residential Income
| Last Updated | 5/27/2025 | Tract | Eastside (ES) |
|---|---|---|---|
| Year Built | 1925 | Community | Eastside, Circle Area |
| County | Los Angeles |
Price History
| Prior to May 13, '25 | $2,375,000 |
|---|---|
| May 13, '25 - May 27, '25 | $2,350,000 |
| May 27, '25 - Today | $2,295,000 |
Additional Details
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | 6 Burner Stove, Dishwasher, Electric Range, Gas Oven, Microwave, Refrigerator, Water Heater |
| AREA | Eastside, Circle Area |
| CONSTRUCTION | Concrete, Stucco, Wood Siding |
| GARAGE | None |
| HEAT | Central, Wall Furnace |
| INTERIOR | Balcony, Bedroom on Main Level, Ceiling Fan(s), Granite Counters, Pantry, Storage |
| LOT | 5201 sq ft |
| LOT DESCRIPTION | Corner Lot, Front Yard, Near Public Transit, Rectangular Lot |
| PARKING | None |
| POOL DESCRIPTION | None |
| SEWER | Sewer Tap Paid |
| STORIES | 2 |
| STYLE | Craftsman |
| SUBDIVISION | Eastside (ES) |
| UTILITIES | Electricity Available,Natural Gas Available,Sewer Available,Water Available, Electric: Standard |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
| ZONING | LBR2N |
Location
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Listed with Lyon Stahl Investment Real Estate, 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.
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