Exceptional value-add opportunity in the City of Long Beach! This SB 721 compliant 8-unit apartment building features a desirable unit mix of six 1BD/1BA and two 2BD/1BA units, offering investors immediate upside potential and long-term NOI growth.
Four vacant units provide a new owner with immediate control to renovate and re-tenant… Read More at current market rents, while remaining tenants sit below market — creating additional upside through natural turnover. The property is well-positioned for continued rent growth in one of Long Beach's strongest rental corridors.
Key highlights include a pitched roof, upgraded electrical, on-site laundry, and four dedicated parking spaces — a rare amenity in this submarket that drives leasing demand and tenant retention. Additional income is generated through parking and laundry facilities. The on-site garage presents a compelling ADU conversion opportunity (Buyer to verify with City), offering a clear path to increased density and long-term asset appreciation. Do not disturb tenants. Read Less
Property listed by Christopher Arvizu, Christopher Arvizu 310-259-7556
Listing Snapshot
Days Online
20
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1950
MLS Number
PW26190928
Additional Details
Building
Built in 1950, 1 building, 2 stories, Entry level: 1, Entry location: Ground
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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