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Listed by Dara Chay, DRE #01217793 • Sky View Real Estate
$ 1,295,888
Est. payment /mo
Contingent
1651 E South Long Beach, CA 90805
5,378 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRPW26128325
Year Built 1954
Lot Size 5,378 Sqft
Source California Regional MLS
Property Description
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.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Rooms
Kitchen Oven Range - Gas
Interior
Heating Wall Furnace
Cooling None
Laundry Laundry Area
Exterior
Parking Features Other
Garage Spaces 4.0
Pool 31, None
View None
Roof Type Shingle,Composition
Building
Lot Description Grade - Level, Paved
Water District - Public
Others
Tax ID 7123017001
Special Listing Condition Not Applicable , Accepting Backups
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