90806 Investment Properties

Featured 90806 Investment Properties

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
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
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
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
125 Spring Street is a 9-unit investment opportunity in the Wrigley-Memorial Heights neighborhood of Long Beach. Built in 1963, the building features (4) two-bedroom/one-bath units and (5) one-bedroom/one-bath units, as well as (6) garages. Wrigley-Memorial Heights offers commuters quick access to all parts of Long Beach and Greater Los Angeles via major freeways as well as the Metro Blue Line, which runs between Downtown Long Beach and Downtown Los Angeles, with 22 stops along the way. Also in close proximity are employment and retail hubs - the Douglas Park office park and the Long Beach Exchange. The city is also in the midst of planning for the Globemaster Specific Corridor, the 93-acre site formerly home to Boeing’s C-17 manufacturing site. Recently purchased by Goodman Group, plans will potentially encompass commercial and residential projects. This property provides an excellent opportunity for an investor to own an asset with over 18 percent upside potential in a dynamic and growing location. Wrigley Heights is a hidden gem that is well- known for both its name and its tradition as a well-established historic neighborhood. As one of the earliest developments of Long Beach, this neighborhood has seen a lot of change but remains largely untouched by time. Tidy streets lined with palm trees and carefully tended lawns give this area the nostalgic feeling of suburban America.
125 Spring Street E
Long Beach, California
  • 7,056 SqFt
  • 0.183 Acres
Excellent 10 Unit Building with a Great Mix of 8 One Bedrooms, 2 Two Bedrooms and Eight Garages.  Gated Building with an On-site Laundry Room for additional income.  Nice Wrigley Location in a Great Rental Area.  100% Occupied.  NO RENT CONTROL AREA!  Current Rents About 15% Below Market, so Lots of Room to Increase Rents.  About 12.7 GRM at Market Rents!  All Units Clean Inside with Island Kitchens.
1955 Locust Avenue
Long Beach, California
  • 7,079 SqFt
  • 0.155 Acres
2310 Cedar Avenue, a seven-unit apartment building in Long Beach, California. This offering presents a great opportunity for an investor to acquire a desirable asset in a strong rental market and capture 18 percent potential upside in rents.
The property is a 1985 constructed front five-unit front building, a rear duplex constructed in 1941, and a unit mix consisting of four studios, two one-bed/one-bath units, and one two-bed/one-and-one-half bath townhome-style unit.  The units are all separately metered for gas and electricity and have copper plumbing. Six units have tile/travertine flooring while one has hardwood flooring, and the studios and two-bedroom unit have private balconies/patios. The property also offers on-site laundry, seven single-car garages and two two-car garages.
2310 Cedar Avenue is located in Long Beach’s South Wrigley neighborhood three blocks south of Willow Street, conveniently near grocery, retail and dining options (WalkScore: 85), as well as the 710 Freeway. This area is a solid rental market with over 71 percent of housing units within one mile renter-occupied.
2310 Cedar Avenue
Long Beach, California
  • 3,792 SqFt
  • 0.149 Acres
2367 Chestnut Avenue is a four-unit asset located on a quiet, residential street in South Wrigley, Long Beach. With (1) 3 bedroom/2 bath unit and (3) 2 bedroom/2 bath units, the property presents an ideal owner-occupied opportunity. All units are fully renovated with high-end finishes, including wood flooring, recessed lighting and modern kitchens and baths. The building features low-maintenance, drought-tolerant artificial turf in the front yard, newly-painted exteriors with brand new gutters installed, all new copper plumbing throughout, on-site laundry and five private garages. This property provides a low-effort, solid cash flow investment opportunity in a popular residential Long Beach submarket. The South Wrigley 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 of the subject property
2367 Chestnut Avenue
Long Beach, California
  • 4,447 SqFt
  • 0.149 Acres
Charming Spanish style 8-unit Apartment Building. Well-maintained building with long term tenants. 4-1 Bedroom Units & 4-Single Units. 8 single garages off alley, on-site laundry, individually metered units. Only one unit has been completely remodeled, see photos.
1924 Cedar Avenue
Long Beach, California
  • 5,112 SqFt
  • 0.187 Acres
Fabulous 1920’s Building in Long Beach set on a picturesque street! - Located in the heart of Long Beach, this fabulous building features early 20th century Spanish style architecture in a lush garden setting. The units feature fresh flooring and a spacious kitchens with ample cabinets. True to the original charm, the living rooms features a large windows, which allow for tons of natural lighting creating a warm and inviting atmosphere. This well-maintained property is located just minutes from Shoreline Village, Rainbow Harbor and Downtown Long Beach. Please drive by only, do not walk property, and do not disturb the tenants.
2243 Pacific Avenue
Long Beach, California
  • 4,920 SqFt
  • 0.152 Acres
Two story balcony style. Motivated seller. Seller has kept units in immaculate condition. New Water Heater, new Interior flooring , Roof is less than 4 years old. Exterior paint less than 4 years.  Please do not disturb Tenants
839 Sunrise Boulevard E
Long Beach, California
  • 1 SqFt
  • 0.103 Acres
Price reduced! This is an opportunity in the desirable Wrigley area of Long Beach 90806. Upgraded 4 unit property with 3 units in the front building and 1 unit in the newer back building built in 2012. The newer building features energy efficient dual pane windows, new roof, and two large decks. The other three units have some upgrades including granite countertops in kitchens. This pride of ownership property has partially upgraded electrical and copper plumbing, rebuilt front porch and earthquake retrofitting all done with permits. Both buildings have beautifully upgraded exteriors and landscaping. Front and back gate keyless entries, exterior cameras, sprinkler system in front yard, on site laundry room, and gated parking with remote entry.  There's an upside in rents and this spacious property is in an up-and-coming neighborhood, close to Memorial Hospital and many new medical buildings/facilities. Ideal for an investor or for an owner who wants to live in one unit. Very good location in 90806, just south of Willow, minutes to shopping center with Albertsons and Starbucks, Bixby Knolls, freeways, and more.
2508 Elm Avenue
Long Beach, California
  • 3,570 SqFt
  • 0.137 Acres
Absolutely a fantastic location, very short walk to the Blue Line Station on Willow, Long Beach Memorial hospital and shopping center.   This is a lovely 4-unit building with spacious units and has 4-single car garages plus a laundry room and a storage room. There are (2) 2-Bedroom/1 Bath Units & (2) 1-Bedroom/1 Bath Units with a den. All separately metered with on-site laundry room.  This is a great location, great street and great building.  In 2012 the owners went through a program offered by the City of Long Beach to obtain a clearance that the property is lead free. At that time they installed all new windows.  In addition, the electrical panel has been upgraded and the toilets have been replaced with low-flow toilets.
2535 Magnolia Avenue
Long Beach, California
  • 3,280 SqFt
  • 0.141 Acres
Great mixed-use property consisting of 3 residential units and 2 retails spaces located in the Wrigley area of Long Beach. This property offers two street front retail spaces with 2 bathrooms and three residential apartments with 4 bathrooms in the back of the property. 
It has 4 garage spaces on the premises. It is fully occupied and all tenants are on a month-to-month agreement. Totally rents on both spaces are $6,155 dollars.This property is ideal for business offices, retail, attorney’s offices, real estate, escrow, and even auto repair. The property is zoned LBCNP (Neighborhood, Pedestrian District). This property is surrounded by many major retailers, Long Beach Airport, close to all major highways and did i mention just minutes from Downtown Long Beach. This is a great oppurtunity to buy an investment property while prices are still affordable and interest rates are low.
2369 Pacific Avenue
Long Beach, California
  • 2,951 SqFt
  • 0.167 Acres
This renovated tri-plex in the Wrigley Area is a great investment, with over $125,000 in verifiable capital improvements.  The property consists of a front house (2 bedrooms, 1 bath, front and rear yard (with a large patio cover) and a detached 2-car garage.  The rear duplex consists of two 1 bedroom, 1 bath units, each with a private, enclosed backyard, with washer / dryer hookups, and two 1-car garages.  The duplex has been 100% renovated - new roof, new windows, new electrical service, new kitchens, new baths, new flooring, light fixtures, ceiling fans, and low maintenance landscaping and irrigation.  The front house renovations include:  new roof, new electrical service, new windows, new exterior paint, new back patio cover, and new low maintenance landscaping and irrigation.  The duplex tenants are both on 1 year leases (one expires in Sept '19 and the other in November '19), while the front house tenant is month-to-month.  A solid performing rental property for investment buyers or for owner-occupant to live in the front house and collect strong rents from the duplex to lower your overall payment (with a 10% down your share of the mortgage would be less than $1,175 per month for a 2 bedroom house!).  Stop renting and own your own property!  For investors, the property produces a 4.2% cap rate on actual rents and 5.5% on proforma rents.  Added bonus - the new Long Beach tenant relocation ordinance doesn't apply to this building since it is less than 4 units!
1901 Magnolia Avenue
Long Beach, California
  • 2,180 SqFt
  • 0.181 Acres
There are three separate addresses for this Residential Income property. 2291: 2 bedroom plus den, 1 bath. 2292: 2 bedroom plus den, 1 bath. 2293A: 2 bedroom 1 bath. All separate washer/dryer hook up. 3 garage + parking spaces. Great upside rent potential!
2291 Magnolia Avenue
Long Beach, California
  • 3,066 SqFt
  • 0.145 Acres
Triplex 1941, 1943, 1945 Daisy Ave. 2 Triplexes sold together; separate legal lots; 1941,1943,1945 (APN-7202-039-020) and 1947, 1949, 1951 (APN-7202-039-019). Both adjoining lots=1/4 acre. Triplex 1941, 1943, 1945; 2 (1941, 1943). All 3 units are independent Cottages. 1Bed/1Bath cottages with Dining rooms. 1945 Studio cottage with 2 car garage. Newer kitchens with newer appliances and bathrooms with full tubs. New exterior paint Summer 2019. 2 car garage (currently used by owner) and 2 parking spots off of the alley. 1941-Kitchen with granite countertops, refrigerator, dishwasher, built-in microwave, gas stove and garbage disposal. Dual side gas wall heater and ceiling fans.  Original refinished Red Oak floors. Bathroom with new fixtures and full tub.  1943- Kitchen with refrigerator, dishwasher, gas stove and stainless-steel sink and garbage disposal. Newer gas wall heater. Carpet. Bathroom with new fixtures and full tub. -1945-Studio with 2-car garage.  Remodeled Kitchen with gas stove, garbage disposal, dishwasher, built-in microwave and refrigerator.  Bath with new fixtures and full tub. Coin-op laundry with separate entrance. 6’ Redwood fence on the south and west sides with gate to west alley.  On-site coin op laundry with tankless electric water heater and separate electric meter. Income about $100.00-130.00/month. Daisy Street is historic Christmas Tree Lane.
1941 Daisy Avenue
Long Beach, California
  • 1,552 SqFt
  • 0.158 Acres
Triplex 1947, 1949, 1951 Daisy Ave. 2 Triplexes sold together; separate legal lots; 1941,1943,1945 (APN-7202-039-
020) and 1947, 1949, 1951 (APN-7202-039-019). Both adjoining lots=1/4 acre. Triplex 1947, 1949, 1951; 2 units (1949, 1951) Independent 1Bed/1Bath cottages with Dining rooms. All have remodeled kitchens with newer appliances and bathrooms with full tubs. Individual gas water heaters per unit. New exterior paint Summer 2019. 1947 Studio with 2 car garage and work bench. 2 unassigned parking spots. Unfinished Laundry Room with separate electrical meter currently used as Owner’s Storage. 2 car-garage (currently rented by 1947 tenant).
1951-Remodeled Kitchen with black and white retro tile on counter tops and floor. Newer refrigerator, dishwasher, stainless steel sink, gas stove and garbage disposal.  Gas floor heater. Original refinished Red Oak floors and ceiling fan. Bathroom with new fixtures and full tub. 1949-1Bed/1Bath cottage w/ Dining Rm. Kitchen with black granite counter tops and maple cabinets and flooring; Refrigerator, dishwasher double sink, built-in microwave, gas stove and garbage disposal. Bathroom with new fixtures and full tub. 6’ wood fence the north and west sides with gate to west alley. Tenants pay electric, gas and trash.  Daisy Street Historic for Christmas Tree Lane.
1947 Daisy Avenue
Long Beach, California
  • 1,552 SqFt
  • 0.158 Acres