Description
Rare opportunity to acquire a well-maintained 4-unit apartment building in the heart of Bixby Knolls, one of Long Beach's most desirable and consistently strong rental neighborhoods. Built in 1944, this 3,466 square foot multifamily property sits on an oversized 9,983 square foot lot and features a total of 10 bedrooms and 4 bathrooms, consisting of two spacious 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units.
The property offers exceptional parking with six total spaces, including four private garage spaces and a covered two-car parking pad--an increasingly valuable amenity for tenants in this high-demand area.
Major capital improvements have already been completed, including:
Composition shingle reroof on both the main building and garage
Four replaced water heaters
Twenty-one upgraded windows installed in 2018
Located just blocks from the vibrant Atlantic Avenue corridor, tenants enjoy easy access to Trader Joe's, Smart & Final, Marshalls, USPS, Crunch Fitness, Pet Food Express, and an excellent selection of local restaurants, coffee shops, breweries, and boutique shopping. The property's prime location also provides access to highly regarded schools, including Los Cerritos Elementary School and Hughes Middle School, enhancing long-term rental appeal.
Bixby Knolls continues to be one of Long Beach's strongest rental submarkets, known for stable occupancy, neighborhood charm, excellent walkability, and convenient access to major freeways, Downtown Long Beach, and surrounding employment centers.
Portfolio Opportunity: This property may be purchased individually or together with 4411 Linden Ave and 4322 Elm Ave, two additional multifamily properties offered by the same owners within close proximity. Acquire one asset or secure all three to build immediate scale in one of Southern California's most desirable multifamily investment markets.
Drive-by only. Please do not disturb occupants.
