Nestled just minutes from the beach and vibrant downtown Long Beach, this Craftsman-style 3-unit property offers a unique investment opportunity or the perfect live/work arrangement. The property offers three (3) units with a mix of (1) three-bedroom / one-bath unit, (1) Two bedroom/ one-bath units and (1) One-bedroom / one-bath unit, along with three (3) secure parking spaces. All units are separately metered. Please submit offer subject to interior visual inspection!
PRICE REDUCED - and PRICED TO SELL. Currently a 9.1 GRM and 7.0% CAP with upside to a 8.2 GRM and 8.3% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry. A number of units here are rented to Section 8 and Housing Programs - rents could easily be increased based on Payment Standards for the 90813 zip code. The 4 garages in rear could potentially be converted to ADU's - Buyer to verify. Qualified Buyers can put down as little as 25% on a new loan. Earn over 9% cash on cash against in place rents, and over 14% cash on ca
On site laundry • 4 garages in rear • 7,509 sq ft lot
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ABOUT THIS HOME
90813, CA Homes for Sale
6-unit building located at 1557 Pine Avenue consists of three buildings: a fourplex, a freestanding house, and a rear building with a single unit above four single-car garages. The front fourplex is comprised of (2) one-bed/one-bath and (2) two-bed/one-bath units. The freestanding house is a two-bed/one-bath. All of the units are separately metered for gas and electricity.
Modern Comfort Meets Urban Convenience in the Heart of Long Beach! Welcome to 1500 Pine Ave #19—a beautifully updated two story end-unit townhome style condo that blends style, comfort, and prime location. This 2-bedroom, 1.5-bath gem offers 1,015 sq ft of thoughtfully designed living space, featuring beautiful laminate wood flooring on the first level, recessed lighting, and an abundance of natural light throughout. Enjoy effortless indoor-outdoor living with a spacious private rear patio—perfect for weekend BBQs or quiet morning coffee. Upstairs, you’ll find two generously sized bedrooms and a fully upgraded bathroom boasting stunning tile work and contemporary finishes.
1035 Orange Avenue is a 6-unit stabilized multifamily property in City of Long Beach featuring a strong unit mix of 5 two-bedroom, one-bath units and 1 three-bedroom, one-bath cottage-style unit. It boasts a Walkscore of 90, the property is located in an excellent rental location. Key highlights include partial copper plumbing, 50% renovated units, on-site parking, two cottage-style units, new windows in select units, recently painted exterior, roofs in good condition, upgraded electrical panels, and additional income from laundry and pets. Tenants enjoy local boutique shopping, dining, and restaurants.