$1,600,000
$1,670,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
6,532 Sqft Lot
SOLD DATE : 12/03/2025
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID PW25157783
Sold Date 12/03/25
Lot Size 6,532 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Now available in one of Long Beachs most affordable and high-demand rental neighborhoods, this charming 10-unit Spanish-style apartment building offers a rare blend of character and cash flow. The property features (9) studio units and (1) 1-bedroom/1-bath unit along with a convenient on-site laundry room. With a strong annual gross income of $187,260 and an attractive 6.2% cap rate, this asset presents an excellent opportunity for investors seeking stable returns in a supply-constrained rental market. 4 of the units currently pay RUBS which generates $490/mo. Dont miss this chance to own a classic, income-producing property in a thriving Long Beach location.
Location
State CA
County Los Angeles
Zoning Assessor
Direction North of Anaheim and West of Cherry
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7261015012
Acceptable Financing Cash
Listing Terms Cash
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Bought with Austin Carr Realty One Group United
