Long Beach Real Estate Search

Long Beach Multi-Family Properties for Sale

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Newest Long Beach Multi-Family Homes for Sale

SB23033632 MLS Active Status
Beautifully remodeled & fully stabilized multifamily property within the S. Wrigley sub-market of Long Beach. 4-units with recently completed ADU (5 Units total) offered at a 13 GRM and 4.9 Cap Rate on current market rents! Stable tenants on new leases have been added in late 2022 and currently in the process of renting out the remaining units now that all work has been completed. All units have been recently upgraded with above average finishes featuring all new kitchens, bathrooms, flooring, cabinets, fixtures, and recessed lighting. Recent CapEx includes fresh exterior paint, new windows & entry doors, split HVAC for all units including AC. Also featuring new plumbing including water supply, sewer, & gas lines and updated electrical throughout including main control panel. The seller has invested approximately $500,000 in improvements. Investors benefit from a high-income producing property boasting extra-large units in Long Beach’s rapidly developing community of S. Wrigley! Plenty of nearby freeway access (405, 710, 110, 91, & 605) and public transportation including .5 miles to the Blue Line light rail station along the Long Beach Blvd corridor that brings you right into downtown Long Beach or LA. Approximately 1.5 miles to the Ocean and the heart of Long Beach featuring shopping and restaurants including Pine Ave, the Pike Outlets, Shoreline Village, Aquarium of the Pacific, and the Long Beach Convention & Entertainment Center. This incredible rental market is perfect for investors who enjoy low vacancy rates, steadily increasing market rents, and strong long-term appreciation. This easy to own asset is a great addition to any portfolio and can be acquired with either conventional or commercial financing!

1840 Henderson Avenue, Long Beach

PW23038057 MLS Active Status
673 & 675 Mira Mar is comprised of two SFR's on a large lot in the prestigious Belmont Heights neighborhood. Set behind lush, tropical front landscaping, the front house (675) is a 1935-vintage Spanish-style casita with three (3) bedrooms and one (1) bathroom. The house retains its period character with well-maintained wood open beam ceilings, original hardwood floors, and original hand-wrought iron black chandelier with matching curtain rods in the dining and living rooms. French-style windows and doors, a cozy gas fireplace in the living room, a built-in wine storage boot-box and arched detailing provide additional charm and appeal. Modern improvements include an upgraded electrical system and copper plumbing throughout. The large kitchen is equipped with oak cabinetry, Caesarstone countertops, cast iron enamel sink with oil-rubbed bronze designer faucet and stainless-steel appliances (refrigerator, dishwasher). A generous-sized laundry room/mudroom with backdoor is located off the kitchen and features a Samsung washer/dryer set and additional oak cabinets for ample storage. The large paved back patio has been transformed into a fully fenced- in tropical oasis. Accessible from the laundry/mudroom or the two rear bedrooms, this lushly landscaped patio can be used for dining, entertaining or relaxation. Adjacent to the patio sits a detached two-car garage, which is currently being used for storage. This could remain storage or can be converted back to parking. Additional off-street parking is available with three (3) surface spaces along the driveway. The rear California bungalow house (673), built in 1960, is comprised of two (2) bedrooms and one (1) bathroom, and has its own separate private side entrance from the street. Upgrades to the house include a heavy- duty screen front door, plank engineered flooring, interior raised-panel doors, dining window awning, re-glazed tub, and more. The kitchen features a breakfast bar counter, large window over the sink, granite countertops, stainless steel sink, refrigerator, dishwasher, five- burner gas stove, and wall metal pot rack. A laundry room with back door off the kitchen is equipped with a washer/dryer and storage cabinets.

673 675 Mira Mar Avenue, Long Beach

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.