We are pleased to present the sale offering of 2611 E. Broadway. This 3-story multi family building is located in Coastal Long Beach on a prominent corner in the greater Belmont Heights area (technically Bluff Heights). This building consists of 36 units with a balanced mix of mainly 2 bedroom/2 bathroom apartments. The building is secure and offers three entrances, two staircases, and an elevator. Parking is available on two sides of the building with 17 individual parking garages. The building is built around a large central landscaped courtyard with a pool. The laundry room is located on the ground level and provides additional income and has been recently remodeled. The building is well maintained with no major capital expenditures forecasted. The building was re-roofed in 2014, re-landscaped in a drought tolerant manner in 2016, and the pool was remodeled in 2017. The building is located in a prime location in regards to employment base, walkability, transportation access, and points of interest. Just a 1/4 mile from the beach and an easy walk to Bluff Park, Long Beach Art Museum/Claires, Retro Row/4th Street Corridor, and dozens of local restaurants and boutiques. Just slightly beyond these locations tenants have easy access to Downtown Long Beach and Belmont Shore/2nd S
Featuring 6 one bedroom, 4 units with garage with 1 space each. there is a bonus room "studio" with 1 bdrm. 1 bth. and a kitchen, in addition to the 6 Units. This property offers an investor the opportunity to re-position through renovation and increased rents. The landlord provides the water. Located in the dynamic 90805 zip code this property will benefit for many years from the development that will create local jobs. The Market Capitalization Rate, based on market rents, exceeds 7 per cent.
HUGE PRICE REDUCTION FOR A QUICK SALE!!! This is the multi-family you have been looking for...these units are spacious, beautifully remodeled and all have their own private laundry. The rear 4 unit has been remodeled from head to toe with refinished hardwood floors, designer colors, new bathrooms, upgraded plumbing, lovely vintage kitchens, new light fixtures, stainless appliances installed and all located on a huge lot with large common area for tenants. The front duplex is stunning with a huge owner's unit that offers soaring ceilings, original built ins, huge kitchen with solid surface counter tops, 2 bedroom and 1.5 baths with endless storage and private side yard! The duplex has a new roof installed and the rear 4 unit has had white coating for added heat prevention. There is a 1 stall detached garage that has preliminary approval for an ADU conversion, and the plans will be provided to the Buyer! Also, the very unique PD-30 zoning on this particular building could allow you to add multiple other units in the future! This property is truly turnkey and a must see!! All photos are of the actual units after the remodel and before current tenants. All units are separately metered for gas and electric. Owner has identified another property and wants this sold, bring us an offer!!
Commercial car lot sitting on a 12,249 sq ft lot - 2 parcel numbers and addresses combined in one. This area is a mixed use zone so open to other businesses as well as residential use. Tons of income potential on a major high traffic street. Conveniently located close to major transportation routes.
Great opportunities with this large lot (currently a 960 sq ft commercial building sits on the site), located right off Long Beach Blvd and near the 710 freeway, near popular businesses such as an artisan coffee shop, athletic shoe store, etc. This 8500+ SQFT lot is a developers dream, offering ample space to build commercial, 1-2 residential, or mixed use unit(s); builders, take advantage of current building codes which allow the addition of ADUs. The location falls under AB 2097 which prohibits imposing minimum parking requirements. Please refer to the Long Beach city zoning office to verify and review the CNR designation and all local ordinances.
4130 E. 10th Street is a 10-unit apartment building in a quiet neighborhood near Belmont Heights in Long Beach, California. The property consists of ten (10) studio units. Six (6) of the units have been renovated with new flooring, updated kitchens with new stainless steel appliances and updated bathrooms. An adjacent parking lot offers eight (8) surface parking spaces with potential for additional income. On site laundry is available, contributing to the current income. The building is master metered for gas and electricity and has an in-place RUBS program. The property is located nearby to Recreation Park Golf Course and Colorado Lagoon which offer various outdoor activities. Additionally, the property is located less than two (2) miles to California State University Long Beach, which has a student population of 37,500 and employed faculty of 2,000. 4130 E. 10th Street provides a new owner with strong in-place cash flow with the opportunity to remodel the remaining four (4) units.
527 W. 3rd Street is a 36-unit apartment asset in prime Downtown Long Beach. The property features a mix of four (4) 1BD / 1 BA, (27) studios, and five (5) micro studios. Many of the units have been renovated with designer fixtures and finishes, including new countertops, cabinetry, tile and flooring in the kitchens and bathrooms, stainless steel appliances and lighting. The secured access building offers a bright, spacious entryway, new carpet and paint in hallways, and on-site laundry facilities. With its prime West Gateway location, the property provides convenient access to the newly redesigned Lincoln Park, an integral part of the 22- acre, $520 million Civic Center redevelopment project. The Long Beach Civic Center Master Plan includes a 270,000-square-foot City Hall, 93,500-square-foot landmark Main Library, updated bike/bus/Metro Blue Line transit system, design guidelines for 800 residential units, and vibrant amenities across the revitalized Downtown area. 527 W. 3rd Street presents a new buyer with a beautifully renovated asset in a highly desirable Long Beach location at 12.89 GRM on actual rents.
Price SLASHED!!! Recently upgraded office space with approximate 2500 square feet TURNKEY. Large warehouse with 5 roll up commercial doors. Zoned Light industrial and Cannabis cultivation and manufacturing. Perfect for auto restoration and storage. Plenty of private off street gated parking on large 14,000+ square foot flat lot. Owner will carry 1st TD with 25% down Submit on interest rate and terms.
Lot goes street to street Updated warehouse built with upgraded mega power, new transformer, plumbing and drains. Includes remodeled office with plenty of street parking and inside gated area. Location is compliant for Cannabis Manufacturing or Distribution Business. (Buyer to verify Zoning). This property is being sold together with adjacent lot located at 2005 W. Gaylord St. with lot size 6,451 sqft ***Combined lot size 12,896 sq ft. Two corner back to back lots with so much potential! Located near the Port of Los Angeles, downtown Long Beach and 710 Freeway. Owner will carry with 25-30% down.
Rare Multifaceted High-Revenue Mixed-Use Property with Vast Upside Potential in Long Beach! Dive into this diversified investment, a mixed-use property yielding strong revenue with upside potential and preliminary redevelopment concept plans. Nestled in an evolving Long Beach neighborhood, this compelling asset covers two lots with separate APN's, merging lucrative commercial operations with updated residential spaces for a dynamic revenue stream. The front building features two retail store fronts on the ground level, and upstairs a three bedroom apartment features dual primary sized rooms with a common bathroom. The rear duplex qualifies as a multi-family residential duplex. Upstairs at the rear you'll find a two-bedroom apartment (converted) with great balcony space and tons of daylight. Downstairs rear is a large one bedroom apartment. Each residential unit has its own new laundry in-unit and there's a long driveway with off-street parking at the back. The two separate APN's of this purchase opportunity could allow for conventional financing of the rear duplex, increasing attainability for newer or first time investors. The allure of this property extends beyond its current income generating capabilities to a future filled with promise, highlighted by the preliminary sketches
