$ 1,295,888
-
$1,295,888
Price -
2
Bed -
7
Bath -
3,480
SqFt
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About the Listing PB1449 - PCHAYDAR
Exceptional Value-Add Investment Opportunity! This well-maintained 9-unit apartment property offers stable cash flow, strong rental demand, and significant upside potential in a highly desirable rental market. The property consists of a charming standalone 2-bedroom, 1-bath home at the front and a separate two-story building featuring eight studio units, with four units on each level. Six of the nine units have already been tastefully renovated, allowing a new owner to continue the renovation program and capture additional rental upside. With below-market rents, consistently low vacancy, and all units fully occupied, this asset presents an outstanding opportunity to increase income while benefiting from immediate cash flow. Ideally situated directly across from Harte Elementary School and just minutes from Lakewood Center, Long Beach Exchange, major retailers, restaurants, parks, and convenient freeway access, the property is located in a prime rental location that continues to attract long-term tenants. Whether you're looking to expand your portfolio with a turnkey investment offering immediate returns or seeking a value-add asset with long-term appreciation and income growth potential, this property checks all the boxes.
Listing Highlights
Interior Details
- Bedrooms: 2
- Bathrooms: 7 Full
- Appliances: Gas Range
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Near Park,Paved,Rectangular Lot,Street Level,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 4
- Roof: Composition,Shingle
- Others: TV Antenna,Repairs Cosmetic,Stucco,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Paved
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7123017001
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1651 E South Long Beach, CA 90805
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