$1,499,000
About this home
8-unit apartment building located in Downtown Long Beach. The property features a unit mix of (6) studios and (2) 1-bed/1-bath units, all with upgraded interiors. The building has been well maintained and has upgraded electrical panels. There is also a well sized basement with potential to be converted into a common area laundry room. Located on a corner lot with good visibility and access to local amenities, employment centers, and the 710 Freeway. Downtown Long Beach continues to see new development, supporting rental demand. Opportunity for stable cash flow with additional upside through rental increases.
Facts & features
- Flooring
- Tile, Wood
- Fireplace
- None
- Heating
- Floor Furnace, Wall Furnace
- Cooling
- None
- Laundry
- None
- Levels
- Two
- Spa
- None
- Lot size
- 0.058 acres (2,534 sq ft)
- Pool
- None
- Year built
- 1923
- Parking
- None
- Area
- 4 - Downtown Area, Alamitos Beach
- County
- Los Angeles
- Community features
- Urban
- Status
- Active
- Property type
- Apartment
- Days on market
- 55
- Listed
- 2026-04-14
- Original price
- $1,599,000
- Terms
- Cash, Cash To New Loan
- Parcel #
- 7272023022
- MLS #
- PW26080272