Excellent investment opportunity in the heart of Long Beach. This well-maintained four-unit property features an attractive unit mix consisting of three 2-bedroom/1-bath units and one spacious 3-bedroom/2-bath unit. The property is currently fully occupied and generates approximately $10,197 in monthly rental income. Recent improvements include upgraded electrical panels, providing additional value and reduced future capital expenditure. Conveniently located near Downtown Long Beach, shopping, dining, public transportation, major freeways, and the waterfront. An ideal opportunity for investors seeking stable in-place income with potential for future rental growth. Please do not disturb occu
Four unit property • Fully occupied • 3,743 sq ft lot
Person Realty Inc.
3D WALKTHROUGH
ABOUT THIS HOME
90899, CA Homes for Sale
Stunning Upgraded 1-Bedroom Condo in Historic Lafayette Building – Steps from the Beach & Downtown Vibes! Welcome to Unit 356 at the iconic Lafayette, a beautifully preserved 1928 Art Deco gem in the heart of Downtown Long Beach's East Village. This charming 629 sq. ft. one-bedroom, one-bath condo perfectly blends timeless 1920s character with modern upgrades you'll love. Step inside and be wowed by the fully upgraded kitchen — featuring sleek finishes, contemporary cabinetry, and everything you need to entertain or whip up daily meals with ease. Natural light floods the open living space, highlighting the high ceilings and classic architectural details that make this his
One of the finest buildings in Long Beach! Now Offered at $5,095,000 with Seller Financing Considered. Introducing Millie Jean, a completely reimagined 12-unit apartment community located at 1820 E. 2nd Street in the heart of Alamitos Beach, one of Long Beach’s most desirable coastal neighborhoods. This turn-key asset has undergone a full, permitted renovation, delivering essentially new construction with high-end finishes and modern systems throughout. 100% leased and operating at a 5.52% CAP rate and 12.92 GRM, the property offers immediate cash flow. RUBS is in place, with tenants responsible for their proportionate share of utilities—reducing operating expenses, improving NO
Quartz countertops • Modern kitchens • Fully approved plans
ABOUT THIS HOME
90899, CA Homes for Sale
PRICED REDUCED TO SELL AT 9.4 GRM AND 7.0% CAP AGAINST IN PLACE RENTS WITH UPSIDE. Earn over an 8% cash on cash return against in place rents. 11 units in Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. The property features 10 1 bedroom units and 2 bedroom/1 bed house. 10 units have been heavily updated with new paint, flooring, kitchen cabinets and bathrooms. There are 5 garages in the rear and 2 surface spaces which is an added
PRICE IMPROVEMENT - NOW OFFERED AT 11.8 GRM ON ACTUALS. PUT DOWN LESS THAN $50,000 WITH FHA FINANCING. Excellent opportunity for owner-occupants eligible for up to $15,000 in grant funding! The asset features strong modern upgrades, with three of the four units having been fully renovated within the last five years. The freshly updated ground-floor unit will be delivered vacant at the close of escrow, allowing an incoming investor to immediately secure top-of-market rental rates or providing an ideal opportunity for an owner-occupant to move in on day one. For buyers looking to occupy the vacant unit, the property qualifies for low-down-payment financing programs requiring as little as