Type: 2 Star Retail Freestanding - Location: Suburban - GLA 6,984 SF - Stories: 2 - Typical Floor: 6,984 SF - Class C - Building Height: 22 - Docks: None - Year Built: 1928 - Tenancy: Multi - Owner Occupid: No - Frontage 97 on Long Beach INCLUDING 6200 SQFT PARKING SPACE!! THE BUYER TO VERIFY THE SQUARE FOOTAGE OF THE PROPERTY. PROPERTY SOLD AS IS CONDITION.
- Type 2 Star Retail Freestanding - Location: suburban - GLA: 31,726 SF - Stories: 2 - Typical Floor: 15,863 SF - Class C - Building Height 21 - Dcoks: None - Year Built: 1943 - Tenancy Multi - Owner Occup: No - Costar Est. REnt $26-$32/SF BUYER TO VERIFY THE SQUARE FOOTAGE. SOLD AS-IS CONDITION.
Excellent investment opportunity!!! It consists of 3 structures with a total of 5 units that have been completely remodeled and furnished from top to bottom making it comfortable and welcoming stay for all tenants and guests. The property is very safe and secure offering an ADT and camera system, flood lights, and security gates. All units are individually metered for electric, water, gas, and have their own mini-split system for heating and cooling. Other amenities include tankless water heaters, electric car chargers, private outdoor patio space, parking, and high-speed Wi-Fi. The 3bed/2bath is currently permitted for Airbnb and the Traveling Nurses Program which is the perfect opportunity for short term rentals with little to a no vacancy ratio. Located within walking distance to St. Mary's Hospital where more than 50% of the employees are traveling from out of state. This location is within a 15-minute walking distance to popular Long Beach tourist attractions which include the Convention Center, Shoreline Village, Aquarium of the Pacific, Queen Mary, Pine St, beach, restaurants, and much more. Property has appraised at $6,000,000 based on the Income Approach Analysis. Income and Expense Report is available upon request. See video for general info income analysis. Buyers can
PRIME INVESTMENT OPPORTUNITY! Situated on a tranquil cul-de-sac and within walking distance to Steven's Middle School, this meticulously maintained property offers four updated units, comprised of a diverse unit mix of (1) 3bd 1.5ba owners unit (1) 2bd 1.5 bath (3) 1bd 1ba and (1) studio. Recent upgrades include updated plumbing, electrical, water heater(s), wall heater(s), and interior renovations. The large driveway offers plenty of off street parking for the tenants. This excellent value-add opportunity boasts over 70% upside in income potential. Additional income is available with a coin-operated laundry room with a $200 monthly revenue potential. Priced attractively at $259,167/ unit, this investment gem is a rare find in Long Beach. Don't miss out on the chance to secure a lucrative investment property with strong tenant demand and substantial income growth potential.
Prime Alamitos Beach location. Excellent low vacancy rental area. First time for sale in 28 years! Court style 16 unit apt. building with 4-(1 Br's), 12-(Studio's), 4-(Garages). New paint and stucco within past 3 years. New vinyl windows and laminate flooring in most units. Fixer opportunity...Property needs repiping! Separate Electric meters, Master Gas. Huge Lot 55 X 151.
Prime building & location in Alamitos Beach and adjacent to Carroll Park neighborhood. First time for sale in 40 years! Large size units with a lots of character! New vinyl windows in several of the units. Newer roof! Walk to the beach, Downtown, or Retro-Row. Excellent low-vacancy rental area! Unit mix: 1-(2 Br), 12-(1 Br's), 2-(Studio), 1-(Garage).
Prime building & location in Alamitos Beach. First time for sale in 35+ years! HUGE units with a lots of character! A gated "garden" style building with plenty of unique architecture including arched hallways and coved ceilings. Some units with new laminate flooring and upgraded kitchens. New vinyl windows in several of the units. Walk to the beach, Downtown, or Retro-Row. Excellent low-vacancy rental area! Unit mix: 13-(1 Br's), 1-(Studio). The low rents make this an excellent $ opportunity!
5285 East The Toledo is a rare 8-unit multifamily investment property located in the prime Belmont Park neighborhood of Long Beach, CA. 5285 East The Toledo offers investors an opportunity to preserve its existing vintage and character, while allowing a new investor to capture upwards of 30% rental upside by modernizing the apartments interiors. Situated in a prime Belmont Park location, 5285 East The Toledo offers exclusively studio floor plans measuring approximately 424 square feet. Residents enjoy the propertys idyllic location within walking distance of the abundance of retail, dining, and entertainment options at Belmont Shores 2nd Street. The property is also just over 1 mile from 2nd & PCH, a recently developed open-air mall, providing residents with convenient access to a plethora of popular retailers and restaurants. Additionally, 5285 East The Toledo is in close proximity to Marine Stadium, Marina Vista Park, and Alamitos Bay, providing residents with an abundance of recreational opportunities. Furthermore, the propertys close proximity to Pacific Coast Highway provides residents with easy access throughout Long Beach and neighboring coastal cities.
We are pleased to present 1102 Termino Avenue located on the northeast corner of E 11th Street and Termino Avenue in the Greenbelt Heights Neighborhood of the Eastside of Long Beach, CA. The 2-story 7-unit multi-family residential apartment building was originally built in 1923 and substantially renovated in 2019/2020. The subject pr operty consists of approximately 5,751 square feet of building area including an approximately 536 sq. ft. four car f ree standing garage structure and a yard area of approximately 1,100 sq. ft. The entire parcel totals approximately 5,597 sq. ft of land area. Tenants enjoy living in the Greenbelt Heights Neighborhood of the Eastside of Long Beach, a short distance to The Long Beach Greenbelt, Recreation Park, including two (2) golf courses, Billie Jean King Tennis Center, Blair Field, Colorado Lagoon, Marine Stadium, local beaches, California State University of Long Beach. The subject property is conveniently near the popular retail, entertainment, and dining district of Belmont Shores 2nd Street that offers more than 250 unique upscale boutiques, specialty shops, and a myriad of coffee shops, cafes, casual dining taverns, and eclectic international specialty restaurants. Other districts nearby the property include the East Village Arts District
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 Beachs 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.
Offered at a 5.87 percent cap rate on current rents, this asset is a great acquisition opportunity for an investor looking for strong in-place cash flow and additional rental upside in the strong Eastside Long Beach rental market. This asset offers a highly desirable layout of all single-story one-bed/one-bath bungalows that are separately metered for gas and electricity. Additionally, the property is securely gated and also offers on-site laundry. 1048 Coronado Avenue 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. 1048 Coronado Avenue is offered along with 1043 Coronado Avenue, a 12-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.
With strong rents in place, this asset is an ideal acquisition opportunity for an investor looking for cash flow in a dense coastal rental market. Assumable financing is available. 716 Raymond Avenue is a 1923 construction with 14 studios and two one-bedroom/one-bath units. Most units have single-story floor plans, and all are separately metered for gas and electricity. The building features on-site laundry and six single-car garages; both amenities generate additional income. The property has been well-maintained, and the electrical has been recently updated. In-place rents are strong and offer four percent potential upside. Additionally, a new investor may want to explore the potential to convert the garages to ADUs (buyer to verify). 716 Raymond Avenue is well-located in Eastside Long Beachs Rose Park neighborhood near the intersection of 7th Street and Junipero Avenue. Tenants enjoy convenient proximity to Junipero Beach (a four-minute drive) and easy access to retail. This property is offered as part of a portfolio along with 1043 and 1048 Coronado Avenue; 716 Raymond may be acquired separately.
Welcome to a unique investment opportunity nestled in the heart of vibrant Long Beach! This mixed-use property offers the best of both worlds: a fully operational automotive shop on the ground floor and a spacious 1 bedroom, 1 bathroom residence above, awaiting your personal touch. The ground floor boasts a well-established automotive shop, equipped with ample space for car enthusiasts and professionals alike. With more than enough room for vehicle repairs, maintenance, and customization, this shop presents a prime opportunity for automotive entrepreneurs to thrive. The location benefits from high visibility and easy accessibility, ensuring a steady flow of clientele. Ascend to the second floor, where a charming 1 bedroom, 1 bathroom residence awaits transformation. While in need of some renovation and updates, this space offers boundless potential for customization and modernization to suit your preferences. Imagine creating a cozy urban retreat or stylish loft apartment, capitalizing on the allure of city living in Long Beach. Whether you're an entrepreneur looking to expand your automotive business or an investor seeking a versatile property with multiple income streams, this offering presents an enticing opportunity. With a little vision and investment, you can unlock the ful
Cash Flow! This Five (5) Unit Complex is priced at an Actual 6.30% CAP Rate! Situated just 1.4 miles from the Beach, the building is also close to Downtown, Long Beach Poly and Retro Row. The Unit Mix is comprised of: Two (2) - 2 Bedroom / 1 Bath and Three (3) 1 Bedroom / 1 Bath Units, with gated carport and open parking. Furthermore, 60% of the units were renovated in the past year with upside still available via Rents, initiating a RUBS program, or the addition of ADU units in the Carport area. Since this building is not subject to any rent control beyond (AB 1482), the investment offers a solid return, with great potential for the future.
Three units currently configured as mixed use with two residential units and one commercial unit with 5 parking spots. The front building upstairs is a 3 bedroom 2 bath residential unit and the downstairs unit was converted back to a commercial unit with usage per the city as a Doctures office/Medical office. At the rear of the property is a separate detached 4 bedroom 2 bath house with large covered front porch. Entire property has newer exterior paint. Sale of this property comes with approved plans to convert the downstairs commercial unit into 2 ADU units. Great opportunity to keep the current configuration or complete the ADU project and have a total of 4 residential units.
YES, TWO MASSIVE BUILDINGS ON ONE LOT FOR ONE VERY ATTRACTIVE PRICE !!! MOTIVATED SELLER REDUCED PRICE TO SELL !!! Seller motivated!!! Price reduction!!! Perfect for a 1031 exchange, and/or owner occupy, investment opportunity! Waiting for your additional eclectic designs and addition to the area. This is a must own! Berkshire Hathaway California Properties proudly presents, 5321 and 12 Long Beach Blvd, Long Beach, CA 90805. Come, join the commercial/retail business location in the heart of North Long Beach near the 710 freeway where thousands of views and cars that passes by on a daily bases. In it's bare bone condition, 5321 and 12 Long Beach Blvd is approximately 8640 SqFt in combined open commercial and restaurant space. Building 5321 consists of three front doors, 3 bathrooms and 2 doors in the rear leading to the exterior lot where you can find ample parking in the rear as well as plenty of street and public meter parking on the side of the property. 12 Long Beach blvd, Long Beach, CA 90805 is currently an up and running Pho Daily restaurant (Will lease back for $8000 a month if new owner desires). The LOT size is approximately 19,994 SqFt. This unique (Green / cannabis commercial zoned) property has the potential to hold a medical office, pharmacy, retail store, bea
Introducing 1716 Locust Avenue, an investment opportunity in the heart of Long Beach, California (90813). This cash-flowing gem has been maintained by current ownership since 2015. The subject property comprises Eight units, featuring a well-balanced mix of two 1-bedroom/1-bathroom units and six 2-bedroom/1-bathroom units. If your looking for a strong cash flow on day 1 with a potential 16% more upside, then look no further. This prime investment opportunity not only offers a stable income stream with a gross income of $166,920 and a solid net income of $109,175 annually but also addresses Long Beach's parking challenges. With an on-site parking, this property provides a valuable solution to the city's parking constraints. Don't miss the chance to acquire a premium property in the thriving Long Beach market, poised for both immediate returns and long-term value.
1221 E. 1st Street is a 16-unit fully stabilized, turnkey apartment asset in prime Alamitos Beach. Over $950,000 has been invested in the property. This building was taken back to the studs and completely rebuilt from the floors, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. (See CAPEX summary on pages 12-15.) The property features a mix of two (2) 2BD/1BA units, three (3) 1BD/1BA units and 11 studios. All of the units were gutted and fully remodeled with high- end materials. The interior designer-led renovations include (but are not limted to) recessed and custom lighting completely new kitchens and bathrooms, stainless steel appliances, and in-unit washer/ dryers. Located in prime Alamitos Beach, the property is within minutes of the best that Long Beach has to offer. Residents can walk to the wide sandy beach, bike path and volleyball courts, as well quaint bars and restaurants along the Broadway Corridor and trendy shops, restaurants and bars on Fourth Street-Retro Row. The area is also adjacent to ecclectic and arts-driven East Village Arts District and vibrant Downtown Long Beach and its multitude of employment opportunities. Alamitos Beach is the #4 Best Neighborhoods for Young Professionals, as ranked by Niche.com. The submark
For Sale: Iconic Drive-Thru Restaurant with Liquor License in Bustling Long Beach! Nestled in the heart of Long Beach, a legendary culinary landmark is now available for acquisition for the first time in a decade. El Pollo Imperial, renowned for its delectable offerings and unparalleled service, presents an extraordinary opportunity for aspiring restaurateurs or seasoned investors looking to make their mark in this vibrant community. Prime Location: Situated at the bustling intersection of Atlantic Blvd and E 60th St, El Pollo Imperial commands attention with 83' frontage on Atlantic Blvd and 115' frontage on E 60th St. This strategic location ensures maximum visibility and accessibility, drawing in both locals and visitors alike. Established Brand: With a decade-long legacy, El Pollo Imperial has become an integral part of Long Beach's culinary landscape. Its stellar reputation and loyal customer base provide a solid foundation for continued success under new ownership. Drive-Thru Convenience: Boasting a fully equipped drive-thru facility, El Pollo Imperial caters to the fast-paced lifestyles of modern consumers. Additionally, ample parking space for up to 10 cars further enhances the convenience factor, making it a preferred destination for patrons on the go. Turnkey Operation:
PRICE REDUCED!! CLEAN, UPGRADED 8-UNIT BUILDING. ALL 2 BEDROOMS / ONE AND A HALF BATHS. GATED BUILDING WITH STREET LEVEL PARKING. EACH UNIT HAS A PRIVATE BALCONY. FULLY RENTED. EAST TO MANAGE. ONLY 11.92 X GRM AT CURRENT RENTS AND ABOUT 10 X GRM AT MARKET RENTS. SELLER MAY PAY FOR AB-721 BALCONY CERTIFICATION.
1237 E. 1st Street is a 18-unit fully stabilized, turnkey apartment asset in prime Alamitos Beach. Over $1,165,000 has been invested in the property. This building was taken back to the studs and completely rebuilt from the floors, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. (See CAPEX summary on pages 14-17.) The property features a mix of two (2) 2BD/1BA units, three (3) 1BD/1BA units and 11 studios. All of the units were gutted and fully remodeled with high- end materials. The interior designer-led renovations include (but are not limted to) recessed and custom lighting completely new kitchens and bathrooms, stainless steel appliances, and in-unit washer/ dryers. Located in prime Alamitos Beach, the property is within minutes of the best that Long Beach has to offer. Residents can walk to the wide sandy beach, bike path and volleyball courts, as well quaint bars and restaurants along the Broadway Corridor and trendy shops, restaurants and bars on Fourth Street-Retro Row. The area is also adjacent to ecclectic and arts-driven East Village Arts District and vibrant Downtown Long Beach and its multitude of employment opportunities. Alamitos Beach is the #4 Best Neighborhoods for Young Professionals, as ranked by Niche.com. The subma
Location, Location, Location, 12 Units in one of Long Beachs most sought-after neighborhoods. This lovely single-story multi-unit apartment consists of 12 single units, All units are well maintained and some of them have been updated with new flooring, newer kitchen cabinets, and updated bathrooms, Property is located only a short distance from the water and close to coffee shops, restaurants, entertainment, public transportation, Enjoy world-class coastal living at its finest in this beautiful area that will yield investors a nice appreciation play for the future, This property will attract high-quality tenants and generate strong returns for years to come do not this opportunity to own a piece of one of the best areas of Long Beach.
A beautiful property on a corner lot with amazing potential. Nestled between residential homes and commercial properties, this location provides ample opportunities to capitalize on the heavy traffic--more than 25,000 cars, daily. The property includes 3 MPDS, 2 UST (double-walled fiberglass), and a convenience store. The contract with Chevron ends in 2028, allowing buyers to take advantage of the new contract signing bonus many brands offer.
Price Reduction! 12-unit project cash flowing at an amazing 8.5% Cap Rate and 7.7 GRM after taking into account all construction costs! Priced at only 253k/door in the heart of Long Beach, it offers not only 6 fully renovated residential units upstairs but also 4 retail spaces (with RTI plans to convert to 4 residential units) + nearly RTI plans to convert the attached garages into 2 attached (1bed/1bath) ADUs. The 6 residential units (100% occupied) have been already fully remodeled and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. Additionally, each unit is individually metered for gas and electricity. The large 9,180 SF lot comes with ~9 open parking spaces as well as ~4 garage spaces. Price/Unit, Cap Rate & GRM are based on Total Price for the sake of conservatism, which includes the construction cost of 4 retail conversions at 75k/unit (300k) + 2 attached ADUs at 75k/unit (150k) for a total project cost of 450k offering a remarkable Cap Rate of 8.5% and 7.7 GRM after including all construction costs.
We are pleased to present an eight unit multifamily asset located at 2930 E 5th Street in Long Beach, California. Built in 1963, the subject property consists of 6,702 rentable square feet spread throughout a 0.15 acre lot. The building consists of seven 2-Bedroom / 1- Bathroom units and one 3- Bedroom/ 2-Bathroom unit. Owners enjoy the high demand for rentals in a coastal city of Southern California. Located just off the retro row corridor of 4th street, 2930 E 5th is considered a "walker's paradise" with a "walk score" of 91, ideal for tenants who can easily get to restaurants, shopping, entertainment, and schools by foot. Tenants are also easily able to commute to large employment centers like Downtown Long Beach and CSULB, both just a few miles away. In addition, all of the eight units have been extensively renovated, including, but not limited to, new flooring, new cabinets, new fixtures, new electrical subpanels, and new paint. Those units are achieving top of market rents, demonstrating the viabilty of this asset in a prime Belmont Heights location. 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 So
