Long Beach, CA 5+ Unit Properties

Welcome to Surf Terrace Apartments, a truly iconic 60-unit apartment building in the hidden gem beachside community known as Belmont Shore.  Surf Terrace Apartments is perfectly situated along the Belmont Shore boardwalk, adjacent to Belmont Veterans Memorial Pier, providing many of the units with breathtaking ocean and pier views, while all of the residents are just steps to the sand.  On the market for the first time ever, this once in a lifetime opportunity is desirably comprised of mostly 2 and 3-bedroom units.  Surf Terrance apartments is just a half-mile from E. 2nd Street, a 15 block “main street” stretch offering quiet cafes, boutique shopping, countless dining options and a bustling nightlife that has something for everyone.  Just 3 miles up the coast is Downtown Long Beach, a thriving hub that is experiencing a development boom, including a new civic center, an expanded aquarium, and updates to the iconic Queen Mary and surrounding retail.  Surf Terrace is a staple of Belmont Shore and any investor will be proud to include it as part of their real estate portfolio.
11 Termino Avenue S
Long Beach, California
  • 58,174 SqFt
  • 0.804 Acres
1518 E. 3rd Street is a 22-unit apartment complex located in prime Alamitos Beach, just three blocks to the ocean and bike path. The property offers a desirable mix of (19) one-bedroom and (3) two-bedroom units. Seventeen of the 22 units are fully renovated, including new flooring, modern kitchens and baths and upgraded fixtures throughout. A majority of remodeled apartments have in-unit washer/dryers and on-site laundry is available for the remaining units. The property is in close proximity to the hip boutiques, restaurants and bars along Fourth Street/Retro Row and along the Broadway Corridor. The neighborhood is also adjacent to East Village Arts District, Downtown Long Beach and a myriad of employment opportunities. According to Niche website, Alamitos Beach ranks as the number three of 47 Best Neighborhoods for Young Professionals. Rents in this submarket are 19% higher than other Long Beach submarkets, on average. 1518 E. 3rd Street is an attractive investment asset with rental upside potential in an outstanding Alamitos Beach location with historically low vacancy rates.
1518 3rd Street E
Long Beach, California
  • 16,428 SqFt
  • 0.190 Acres
1019-1027 Cedar Avenue is a 26-unit turn-key property with 14 parking garages in the up-and-coming Willmore City Historic District, just north of Downtown Long Beach. The property offers 22 one-bedroom/one-bath and 4 two-bedroom/one- bath units. All units are completely remodeled with new wood laminate flooring, custom cabinetry, quartz countertops, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The building also features 14 garages, a community courtyard with BBQ and dining facilities and on-site laundry facilities. This property is in very close proximity to all of the exciting amenities and employment opportunities in Downtown Long Beach. This location is popular for commuters because it offers easy access to the 710 and 405 freeways as well as the Metro Blue Line which runs between Downtown Long Beach and Downtown Los Angeles, with 22 stops along the way. 1019-1027 Cedar Avenue offers an investor the opportunity to own a completely remodeled, turn-key asset in a growing area adjacent to booming Downtown Long Beach. Willmore is one of Long Beach's oldest neighborhoods, located on DTLB's western edge and bordering the L.A. River. Here you'll find a large concentration of turn- of-the-century homes. The Willmore neighborhood reflects Long Beach's past, present and future.
1019 Cedar Avenue
Long Beach, California
  • 15,566 SqFt
  • 0.338 Acres
6974 Long Beach Boulevard, is a 27-unit multifamily investment property located in Long Beach, California. The property is located on Long Beach Boulevard, North of State Route 91 and South of Alondra Boulevard. The property also has easy access to the 710 Long Beach Freeway, Interstate 105 and State Route 91, providing residents with convenient access to Los Angeles County. The 17,703 square foot property consists of (18) one bedroom/one bathroom and (9) two bedroom/one bathroom floorplans. Built in 1965, the property sits on a .62 acre parcel and offers amenities including garage parking, on-site laundry, secured entrance and parking. In addition, the units are individually metered for gas and electricity
and have individual hot water heaters.

Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California's most desirable and versatile markets. Given the strength of the overall apartment market within the city of Long Beach, 6974 Long Beach Blvd offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities.
6974 Long Beach Boulevard
Long Beach, California
  • 17,703 SqFt
  • 0.617 Acres
445-455 Rose Avenue is a beautifully-renovated, 16-unit investment asset in the highly popular 4th Street / Retro Row neighborhood. The property consists of two buildings with mid-century architectural lines, surrounding a landscaped central courtyard on an approximately 13,000-square-foot lot. The property offers an ideal mix of (4) three-bedroom / 2 bath, (8) two-bedroom / two-bath, and (4) one- bedroom / one-bath units. These apartment homes are bright and sizable, with open floor plans. Fourteen of the units are completely remodeled to a high standard, with wood laminate flooring, custom cabinetry, quartz countertops, stainless steel appliances, and designer lighting and fixtures throughout for clean, modern interiors that appeal to a young urban professional demographic. The property features a stunning central courtyard with gas-plumbed BBQ and built-in seating. The distinct mature shade tree coupled with young olive trees, aloe plants and succulents give the courtyard a high-end residential backyard atmosphere.
445-455 Rose Avenue sits in the heart of the 4th Street / Retro Row area which offers residents a multitude of unique shopping, dining and nightlife within blocks. From its mid-century detailing to its high-end residential ambiance, it has been carefully crafted to create a highly appealing and marketable rental asset. It provides an investor with an opportunity to own a very attractive asset with remaining upside potential on renovated and non-renovated units.
445 Rose Avenue
Long Beach, California
  • 13,600 SqFt
  • 0.153 Acres
Built in 1987 and featuring all two bedroom two bath apartment units this well maintained property offers an investor the opportunity to own in one if the most dynamic cities in Southern California. With 2 separate parcel numbers and offering a high Capitalization Rate, while interest rates are at historic lows, allows for better leverage and a higher cash on cash return. The upstairs units have Cathedral Ceilings in the Living room and kitchen, 24 garage parking spaces are available, each unit has its own water heater (many less than 1.5 years old), and tenants pay for gas and electricity. Income shown is effective 9/1/19.
1071 Junipero Avenue
Long Beach, California
  • 13,376 SqFt
  • 0.270 Acres
Pine Crest Apartments at 1845-1851 Pine Avenue is a 20-unit investment asset in a rapidly up-and-coming neighborhood in Long Beach priced at 13.15 GRM on actual rents. The property offers (2) one-bedroom/one-bath and (18) two- bedroom/one-bath units. Eleven of the units are completely remodeled with vinyl plank flooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-access building also features six garages and eight surface spaces, for a total of 14 parking spaces; cheery new paint; new windows; two laundry rooms; separate meters for gas and electric; and a lushly landscaped community courtyard. This area is beginning to benefit from the large amount of capital flooding into Long Beach. As renters move inland from Downtown Long Beach and beach areas, renter demographics are changing in the surrounding areas. Exciting new developments are taking place within just a few blocks from the property.
1845 Pine Avenue
Long Beach, California
  • 13,144 SqFt
  • 0.309 Acres
We are proud to present 1142 E. 1st Street Apartments.  The property presents investors with an opportunity to acquire a turn-key investment with market rents and an attractive 4.9% CAP rate.  The property is a 8,960 Square Foot building set on an lot of 8,222 square feet that consists of (12) One Bedroom/ One bathroom units and (2) Two Bedroom/ One Bathroom units, 4 garages, 3 parking spaces parking to tenants as well as on-site laundry.   All the units have been fully renovated with new modern kitchens, bathrooms, hardwood floors, tile kitchens and bathrooms, and all new appliances.  Some units have the laundry equipment in the units.

The building is located in the trendy Alamitos Beach neighborhood and walking distance to the beach as well as numerous cafes, restaurants,
boutiques and parks.

The city of Long Beach continues to progress forward and is currently experiencing major redevelopment of $2.2 billion.  An example of this large-scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019.  The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multi family residential units.  Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.
1142 1st Street E
Long Beach, California
  • 8,960 SqFt
  • 0.189 Acres
We are pleased to present an outstanding multi-family opportunity located in the prime Bluff Heights area of Long Beach.  Built in 1963, the property consists of approximately 8,688 square feet set on a 7,418 square foot lot. The subject property is comprised of one one-bedroom/one-bathroom unit, one 2-bedroom/2-bathroom unit and nine 2-bedroom/1-bathroom units. Many of the units have newer hardwood floors and all have been very well maintained with many upgrades.
Located in Bluff Heights, the subject property is just walking distance to the outstanding retail corridors of Broadway and Second Street, which are both home to many casual and fine dining restaurants, storefront retail shops and various business of the area. Furthermore, with a "walk score" of “90" and is deemed "very walkable, where most errands can be accomplished on foot." This is truly a unique opportunity to acquire a quality, value add, true pride of ownership asset in this outstanding rental market and would make a great addition to any investor's portfolio. The city of Long Beach continues to progress forwards and is currently experiencing major redevelopment of $3.5 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which completed late 2019.
394 Coronado Avenue
Long Beach, California
  • 8,688 SqFt
  • 0.171 Acres
1055 Newport Avenue is a 13-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Situated on a 0.21-acre lot, the 9,500 square foot property consists of one- and two-bedroom floor plans averaging over 730 square feet. Built in 1985, the property offers amenities including gated pedestrian and vehicle access, gated covered parking, private patios, private balconies, and on-site laundry. 1055 Newport Avenue is located under 2 miles from California State University, Long Beach, the third largest campus in the 23-member California State University system. The university enrolls over 33,000 students annually and is a major local economic driver, generating a $1 billion impact on the regional and statewide economy each year. The property is also is located within walking distance of the Belmont Shopping Center, a 112,302 SF retail center anchored by Food 4 Less and Rite Aid.
1055 Newport Avenue
Long Beach, California
  • 9,500 SqFt
  • 0.210 Acres
1850-1854 Pine Avenue is a 16-unit investment asset in a rapidly up-and-coming neighborhood in Long Beach priced at 13.19 GRM on actual rents.
The property offers (2) three-bedroom/one-bath, (13) one- bedroom/one-bath and (1) studio units. Six of the units are completely remodeled with vinyl plank flooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-access building also features 12 garages, cheery new paint; new windows; two laundry rooms; separate meters for gas and electric; and landscaped walkways. This area is beginning to benefit from the large amount of capital flooding into Long Beach. As renters move inland from Downtown Long Beach and beach areas, renter demographics are changing in the surrounding areas. Exciting new developments are taking place within just a few blocks from the property.
1850 Pine Avenue
Long Beach, California
  • 12,088 SqFt
  • 0.155 Acres
Great Investment Property.  This property is located in Downtown Long Beach, East Village Area. A total of 11 residential units, Six - 1 bedroom 1 Bath units, One - 2 bedroom 2 bath unit, Three - Studios and One - 3 bedroom 2 bath unit. All units are individually metered for gas and electricity. Property is tenant occupied and will be sold with tenants. Less than 2 miles to Shoreline Village, the Pike Outlets and the Aquarium of the Pacific.  Near restaurants, shops and more.
621 6TH Street E
Long Beach, California
  • 8,136 SqFt
  • 0.171 Acres
420 Orange is a sensational, fully rehabbed, turnkey, 11 unit, value add, apartment building:
Large open floor plans, Oak hardwood flooring, classic kitchen & bathroom tile, original crown moldings throughout,
deep built in closets, vintage cabinetry, each unit is individually metered with newer electrical/electrical panel,
EQ retrofit. Laundry room, 11 garages, 26 total parking spaces, a rare find in this heavily impacted parking area. With a
highly desirable unit mix (7, two beds & 4, one beds) and exquisite design, this building is a must for any investors
portfolio. Located in the highly sought after neighborhood of Alamitos Beach. Alamitos Beach is arguably the fastest
growing neighborhood in Long Beach due to Its close proximity to the best of what Long Beach has to offer. Nestled
alongside the Ocean, and neatly positioned between Belmont shore and Downtown. This location makes for a short
walk or drive to restaurants, coffee shops, clothing stores, the arts district/art studios, entertainment, the metro and
much more.
420 Orange Avenue
Long Beach, California
  • 8,672 SqFt
  • 0.412 Acres
2223 Myrtle Avenue is a 14-unit investment asset in a rapidly up-and-coming neighborhood in Long Beach priced at 13.16 GRM on actual rents.
The property offers (2) two-bedroom/one-bath and (12) one- bedroom/one-bath units. Eleven of the units are completely remodeled with vinyl plank flooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-access building also features three garages and six surface spaces, for a total of nine parking spaces; cheery new paint; new windows; two laundry rooms; and separate meters for gas and electric. This area is beginning to benefit from the large amount of capital flooding into Long Beach. As renters move inland from Downtown Long Beach and beach areas, renter demographics are changing in the surrounding areas. Exciting new developments are taking place within just a few blocks from the property.
2223 Myrtle Avenue
Long Beach, California
  • 8,632 SqFt
  • 0.240 Acres
Turnkey asset, fully renovated, operating just below a 5% Cap. 1106 Pacific Ave. is a beautiful, 12-unit asset in Downtown Long Beach made up of (10) 1-bed/1-bath and (2) 2-bed/1-bath units.
The property was completely remodeled in 2019 with all new gas and sewer lines, new electrical, new flooring, and brand-new kitchens and bathrooms. The exterior of the property was fully re-painted as well as beautifully landscaped with all new flower beds and new turn. 1106 Pacific Ave. comes with (6) garages as well as an on-site laundry room, providing room for additional income. Every unit is currently receiving near top of the market rents, providing stable cash flow for the new owner.
This is the perfect opportunity for any buyer or exchange buyer looking to own a pristine, stabilized, cash flowing asset in the rapidly growing city of Long Beach. Do not miss out to own a piece of one of Southern California's last affordable beach communities.
1106 Pacific Avenue
Long Beach, California
  • 8,203 SqFt
  • 0.172 Acres
415 - 417 East 20th Street is a 14-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. The 8,946 gross square foot property consists exclusively of two-bedroom cottages and offers amenities including gated entry, single-story construction, on-site laundry, and garage parking. In addition, the property’s strategic location in close proximity to Pacific Coast Highway and Interstate 710 provides residents with convenient access to local and regional employment centers.
415 20th Street E
Long Beach, California
  • 8,946 SqFt
  • 0.400 Acres
Great multi-family, 9-unit building in a good rental area.  There are 8 2-bedrooms and 1 1-bedroom and all but 3 units have been updated.  The building  has 6 garages that are currently used by the owner.  The property is close to Nieto Herrera Elementary School and within walking distance to Pacific Coast Hwy, shops and restaurants.
1600 Orizaba Avenue
Long Beach, California
  • 6,543 SqFt
  • 0.160 Acres
30 Belmont Ave. is an eight-unit investment asset located less than one block from the beach in highly sought-after Belmont Shore. Belmont Shore is one of the premiere rental markets in Long Beach, ranked as the "#1 Best Neighborhoods for Young Professionals" by Niche. Residents enjoy convenient access to the ocean and bay beaches, as well as the bike path running through Alamitos Beach to Downtown Long Beach. A multitude of restaurants, bars, coffee shops and boutiques along 2nd Street are within walking distance, just three blocks away. The property offers a mix of (1) two-bedroom/two-bath and (7) 1 bed/1bath units. The two-bedroom has been fully renovated with plank vinyl flooring, custom paint, new kitchen cabinets, quartz countertops, custom tile backsplash, stainless steel appliance package, new bathroom vanity, tiled shower enclosure and ceiling fans. The one-bedroom units have been lightly renovated with custom paint, vinyl plank flooring and ceiling fans. The building offers and on-site laundry facility, is individually metered for gas & electric and a 100 gallon water heater was installed in 2015. 30 Belmont Ave. offers a solid investment asset just steps from the beach in one of most desirable rental markets in Southern California.
30 Belmont Avenue
Long Beach, California
  • 4,096 SqFt
  • 0.073 Acres
Opportunity to acquire 3638 East Ocean Boulevard, the only fiveplex on the bluff in Long Beach’s sought-after Belmont Shore neighborhood. This is a highly affluent majority-renter neighborhood with an average household income over $100,000. Tenants of 3638 enjoy easy walking distance to the beach, Belmont Pier, Vons, Belmont Brewing Co, and Bluff Park, as well as being conveniently near the numerous dining and retail options on nearby 2nd Street. 

3638 East Ocean Boulevard consists of a two-story 1956 construction building with a one-bed/one-bath penthouse, two additional one-bed/one-bath units, and two two-bed/one-bath units. All units are separately metered for gas and electricity. The property also offers five single-car garages and on-site laundry.

The building boasts an extensive list of recent upgrades, including slate bathroom flooring, stainless steel appliances, custom maple kitchen cabinetry, dual pane windows, granite countertops, a surveillance system and more.

3638 East Ocean Boulevard presents an excellent opportunity for an investor to acquire a renovated asset in a prime location and capture significant potential upside in rents.

Seller financing available. Contact listing agents for more details.
3638 Ocean Boulevard E
Long Beach, California
  • 4,050 SqFt
  • 0.121 Acres
33 Nieto Avenue is a seven-unit investment asset located just one block from the ocean in highly desirable Belmont Shore. Built in 1947, 33 Nieto offers seven bright and sizable one-bedroom/one-bath units, a landscaped central courtyard, 2 garages and 2 parking spaces. Ranked the #1 Best Neighborhood for Young Professionals by Niche, Belmont Shore offers residents access to ocean and bay beaches, the bike path that runs through Alamitos Beach to Downtown Long Beach and all of the restaurants, bars and other amenities along 2nd Street. 33 Nieto Avenue provides investors with the opportunity to own an attractive asset with historically high tenant retention rates in one of the most desirable beachside rental markets in Southern California. Living in Belmont Shore offers residents access to ocean and bay beaches, as well as a multitude of restaurants, bars, coffee shops and more along 2nd Street.
33 Nieto Avenue
Long Beach, California
  • 4,289 SqFt
  • 0.106 Acres
1470 Elm Avenue is a 10-unit investment asset with all two-bedroom units, located in a rapidly up-and- coming neighorhood near exciting new developments. The building's roof and windows were replaced in the past five years and nine of the ten units have been upgraded with vinyl plank flooring, paint and counter tops. The property also offers parking and controlled access. Offered at a 4.94% cap rate on actual rents, 1470 Elm Avenue provides an attractive opportunity for an investor to own an asset with 12%+/- rent upside potential in a quiet downtown Long Beach-adjacent neighborhood. This area is beginning to benefit from the large amount of capital flooding into Long Beach. As renters move inland from Downtown Long Beach and beach areas, renter demographics are changing in the surrounding areas. Exciting new developments are taking place within just a few blocks from the property.
1470 Elm Avenue
Long Beach, California
  • 6,678 SqFt
  • 0.174 Acres