Now available in one of Long Beach’s most affordable and high-demand rental neighborhoods, this charming 10-unit Spanish-style apartment building offers a rare blend of character and cash flow. The property features (9) studio units and (1) 1-bedroom/1-bath unit along with a convenient on-site laundry room. With a strong annual gross income of $183,780 and an attractive 6.0% cap rate, this asset presents an excellent opportunity for investors seeking stable returns in a supply-constrained rental market. Don’t miss this chance to own a classic, income-producing property in a thriving Long Beach location.
3,616 Sq Ft
6,532 Sq Ft Exterior Space
Apartment
Built in 1923
MLS/Listing ID PW25157783
1 Stories
10 Units
Common Area
Community - Curbs
Community - Sidewalks
Listing Courtesy of SAGE REAL ESTATE GROUP, INC., CODY CHARNELL - 562-896-3851
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE