Willmore, Long Beach, CA Investment Properties

Willmore, Long Beach, CA Homes for Sale

About Willmore, Long Beach, CA Investment Properties

Willmore is a historic district known for its well-preserved cultural landmarks mixed in with beautiful custom homes and art deco buildings. Aside from its cultural significance, the neighborhood is also part of the commercial and business center of the city. There are various restaurants, chain stores, boutiques, cafes, and other local shops in the area including the nearby City Place Shopping Center, one of the largest in the city which is perfect for shopping daily necessities. The many notable residences and public parks in the area provide ample opportunity for fun outings with the family. Residents can also visit the beaches of Long Beach where they can enjoy the refreshing salt water.

Properties in Willmore offer excellent investment opportunities that are ideal as rental homes and apartments. There are plenty of condominiums in the area including The Wilmore, a historic 11-story building with beautiful Italian Renaissance architecture. Apartments and multi-family residences are the most common residential properties in the community providing buyers with a variety of choices when looking for a home to purchase. Single-family homes are also plentiful in the neighborhood, and each of these houses have custom designs and architecture.

Notable Locations:

Historic Bembridge House
St. Mary Medical Center
Cesar E. Chavez Park
City Place Shopping Center

School Information:

Edison Elementary School
Jessie Elwin Nelson Middle School
Boyd High School

Listings in Willmore, Long Beach, CA Investment Properties

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
Turnkey non-rent controlled apartment complex comprised of 13 spacious (1 Bed + 1 Bath) units averaging 600 SF each located in vibrant Downtown Long Beach.  Current ownership has remodeled 100% of the unit interiors with high end modern finishes and fixtures, all of which were permitted through the City of Long Beach.  The majority of units are now leasing for $1595 enabling a Buyer to capture a 5.32% Cap Rate by leveling rents.  The Downtown area has become one of the most soft after sub-markets in Greater Los Angeles for institutional capital due to its coastal location and business friendly climate, which has led to significant rent growth and high occupancy levels over the past few years.  There are (6) on-site garages renting for $150/mth each, a common laundry facility and a beautifully landscaped courtyard including a permitted stainless steel BBQ for tenants to enjoy.
939 Pacific Avenue
Long Beach, California
  • 7,836 SqFt
  • 0.172 Acres
CASH COW AND ADDED VALUE PROPERTY.  By reviewing the rent rolls a Savy Investor will discover extremely high Gross Scheduled Income and a very favorable low Gross Scheduled Margin.  This 13 unit listing sits on 2 side-by-side parcels and is being sold as one purchase. 1233 Daisy has 9 units and 1245-1247 Daisy has 4 units and as a result, the new owner will be buying a city block. This can be well seen in the Drone Video Virtual Tour. Each parcel has its own separate courtyard that is enjoyed by the tenants and a 1 community laundry room that provides extra income.  The two properties have been modified to blend together for easy management. The entire complex has a very low vacancy rate due to the quality of the building condition and is located close to Long Beach's major transportation corridors. Property has been professionally managed to maintain high maintenance  standards and low tenant turnover
1233 Daisy Avenue
Long Beach, California
  • 5,682 SqFt
  • 0.101 Acres
10 Unit with 4 Garages and Laundry Room
1205 Magnolia Avenue
Long Beach, California
  • 0.197 Acres
One mile to the Ocean and located in Downtown Long Beach. This is a 2 story fourplex with 4 large 1 bedroom 1 bath apartments. Property is currently being rented as a Transitional Living property. Units are all individually metered. Owner is presently paying all utilities.
324 7th Street W
Long Beach, California
  • 2,808 SqFt
  • 0.052 Acres
Amazing opportunity to own a piece of the Long Beach Lifestyle. Blocks from ocean! Turn-key 3 units in historic Wilmore area of town!  Located on a 7,082 sf large corner lot, consists with 2 buildings.  Building 1 is a single story SFR with 1,206 sf & 4 bed/1 bath, building 2 is a duplex with 2 bed/1 bath in each unit.  Top-maintained turn-key condition with low operating cost.  All units are separated metered in gas & electrical meter and w/ individual water heaters. Updated with electrical, sewer, copper plumbing, & double pane windows.  All kitchens have new Quartz countertops.  8 private tandem parking spaces are very valuable in this neighborhood.  Each unit has security door and security bars. Fully fenced with wrought iron gates.  Duplex has a 600 sq ft basement for storage space.  Convenient access to the 710 freeway, minutes from the Ocean Blvd, Downtown long Beach, Aquarium, the beaches, restaurants, and shopping.  This is a high demand area and a prime rental location. No HOA. No rent control. Lots of rent upsides. Perfect for living in front unit, rent out the rest.  The Long Beach Port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs.  The Location, the turn-key conditions, the rare found ample parking, & the huge upside in rent - all factors make this a very desirable income generating asset.  Located in Opportunity Zone that offer tax incentives for investment property owners.  A great addition to any portfolio!
1215 Daisy Avenue
Long Beach, California
  • 2,726 SqFt
  • 0.163 Acres
Triplex + 2 non conforming units for a TOTAL OF 5 UNITS!

Great opportunity to invest in the Willmore historic district which is located just north of Downtown Long Beach. This property features a large front house (house is permitted as one unit but was split into 3 units) and a duplex in the rear. The house consists of a 1bed/1bath unit in the attic with a 3bed/1bath unit, studio unit, and community laundry room on the first floor. Units in the house rent for $2100-3bd/1ba, 1bd/1ba- $913, and studio- $777. Market rents for these units are $2100, 1300, and 1150 respectively. 
Excellent location, blocks from the Downtown core and easy access to freeways and public transit.  (2) 1-car garages and a 4-car driveway which produce additional rental income. Onsite laundry room with coin operate machines. Two of the units have been completely renovated and the exterior of the property got a full refresh in 2015. The property is priced at 12 x gross based on current rents and at market rents the property would operate at a GRM of 10.21! " Do not disturb tenants.
417 8th Street W
Long Beach, California
  • 3,180 SqFt
  • 0.129 Acres
Turnkey opportunity! This clean and well-maintained triplex is currently performing at 13.2 GRM, with a 5.4% Cap Rate - cash flowing and outperforming the local market! The property consists of three large 1bed/1bath units, one 1car garage, and a community laundry room. Each unit is in great condition, offers a functional layout, and is separately metered for gas and electricity. The first floor unit has a larger bonus room, which adds value for the tenants and increases rent. The building is in great condition with recent improvements made, adding plenty of value for the new owner. Long Beach's first designated historic district, Willmore City / Drake Park Historic District, is a community rich in history, character, and charm. This dense rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. Close proximity to Downtown Long Beach provides maximum accessibility, with plenty of public transportation, freeway access, and a high walk score. The beach, parks, and other community amenities/ attractions like the Queen Marry and Aquarium are just minutes away! Long Beach is resurging due to hundreds of millions of dollars invested in private and public developments, a growing local economy with strong employment, and the increasing demand to "live, work, and play" in this remarkable community. This easy to own asset is a great addition to any portfolio!
515 8th Street W
Long Beach, California
  • 1,844 SqFt
  • 0.040 Acres
Offering a 4.44% Cap Rate on current rents, 848-850 Magnolia Ave. is a charming duplex made up of (1) 3-bed/1-bath and (1) 2-bed/1-bath in Downtown Long Beach. 
The property was completely gutted in 2001 with all new copper plumbing, gas & sewer lines, electrical, electrical panels, heaters, and flooring. There are (5) total parking spaces in the backyard, which has been recently repaved. Each unit has their own washer/dryer and is receiving strong rents.
This is the perfect opportunity for any buyer or owner/user looking to own a piece of one of Southern California's last affordable beach communities.
The three bedroom unit will be ready for owner occupy.
848 Magnolia Avenue
Long Beach, California
  • 1,350 SqFt
  • 0.110 Acres

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