Listed by George Bustamante, Coldwell Banker Commercial,

4635 N Bellflower Boulevard

Long Beach, CA, 90808

$2,540,000

$403 per ft²
$2,540,000
$403 per ft²
Active
Active
 - For Sale
carpenters-square
6,300 ft²
property_type
Multi-family
calendar
Built 1961
We are pleased to present an 8-unit apartment building located in Long Beach, California. Built in 1961, the subject property consists of 6,300 rentable square feet spread throughout a 7,210 square foot lot. The unit mix consists of four 1-bedroom / 1-bathroom units and four 2-bedroom / 1-bathroom units. 5 of the 8 units have been upgraded and the entire property has copper plumbing. The property is separately metered for electricity and gas and has additional income from an onsite laundry room. Tenants enjoy living in the Lakewood Village Neighborhood of Long Beach. Located a short distance to local shopping, restaurants, Long Beach City College California State University of Long Beach, as well Long Beach Airport. 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 Southern California. The city is in a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development houses a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This property has a history of high occupancy and currently has upside potential to the existing rents.
MLS® ID:
PW22206248
Listed:
9/20/22
Updated:
10/5/22

Interior Features

Kitchen Appliances
Gas Oven, Gas Range
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Bar
Laundry Description
Common Area
Floor Description
Carpet, Vinyl, Wood
Fireplace
None
Cooling
Wall/Window Unit(s)

Exterior/Building Features

Lot Size
7,210 ft² lot
Architectural Style
Mid-Century Modern
Lot Details
Near Public Transit, Rectangular Lot, Walkstreet
Roof
Asphalt, Flat
Sewer
Public Sewer

Other Property Details

Area Name
29 - Lakewood Village
HOA Amenities
Curbs, Park, Street Lights, Suburban, Sidewalks
Garage
No
Parking
Assigned, Carport, Uncovered
Parking Total
8.0
View
Y
County
Los Angeles
Utilities
Electricity Connected, Sewer Connected
Water Source
Private
Pool
No
Pool Description
None
Total Stories
2
Zoning
LBR4R

 

Listed by George Bustamante, Coldwell Banker Commercial,

Based on information from California Regional Multiple Listing Service, Inc. as of 10/5/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 8:51 AM UTC, 10/5/22

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