Fully licensed and in operation Type-6 cannabis manufacturing and distribution. This sale offers the opportunity to purchase a licensed cannabis manufacturing and distribution facility in Long Beach, California. The property is currently operational, and an operator will be able to start production immediately upon transfer. RECENTTLY PASSED THE ANNUAL D.C.C. INPSECTION WITH ZERO CORRECTIONS! Seller financing may be available depending on the offer. The subject property comes with a 1% tax basis. Located at 1665 Cota Avenue has a state of California Adult-Use and Medicinal annual Type 6 Manufacturing license as well as a Type 11 Distribution license. Whether you have an established operation or a startup company, this facility offers a turnkey solution for operating in the Southern California market. The City of Long Beach offers a desirable location for operating a cannabis business. The city is geographically positioned central to Los Angeles and Orange Counties. Drivetime to anywhere in the two counties is typically one hour or less. The facility consists of a 2,500 square foot structure on a 3,291 square foot lot. The building is configured with numerous utility rooms, and an ADA restroom, providing a functional space of operation. The property is licensed with a limited Type
This well maintained 8-unit complex with obvious pride of ownership is an excellent investment opportunity. Located in the Alamitos Beach Area, minutes away from the ocean on a nice wide street, it features a 2-story, possible Owner/Manager 3 Bedroom,3 Bath unit with a private balcony. As well as (7) 2 Bedroom, 1 Bath units. All units are a good size, check out the square footage. There is room to increase the current rental rates. All units feature individual electric meters. A portion of the units have A/C. And most of the units have double pane windows. All units feature garbage disposals. Flooring throughout the complex is as follows: Ceramic tile floors in living, hallway, kitchen and bathrooms area. All Bedrooms have engineered wood floors. The entire complex also has granite countertops in the kitchen and bathrooms. Garages and parking are included on the lot. The composite roof is about 3 years old. Onsite Laundry is also available for your tenants. This well-maintained complex will be a great income opportunity, allowing an owner to either live on site or provide upgraded accommodations for your property manager. Only 3 blocks away from the Ocean! This is a great opportunity, come and drive by today!
There are 8 units total consist of 6 units building with 2 bedroom and 1 bathroom each built around 1990 per assessor and 2 houses in the rear 1 is 3 bedrooms and 1 bath house and a 1 bedroom and 1 bath house both older built.
We are pleased to present the opportunity to purchase 530 E 4th Street. Located in the core of Downtown Long Beach, this property is a great fit for an owner-user or investor. 4th Street can be used as office space, retail, live-work, or developed into multifamily. The existing improvements leave an investor with many options. Whether for an owner user, or an investor, this location and zoning (LBPD30) will provide the buyer with a rare opportunity to invest in the rapidly growing coastal downtown submarket of Long Beach.
820 Lime Avenue is an 8-unit, apartment building located in Long Beach, California. The property is priced at 5.51% cap rate and 11.64 GRM at current rents. The property is comprised of a unique mix of two (2) 5 BD / 2 BA units; two (2) 3 BD / 1.5 BA units; two (2) 3 BD / 1 BA units; and two (2) 2 BD / 1 BA units. The asset is separately metered for both gas and electric, and boasts a 10% upside in rents. An onsite laundry / storage room offers the opportunity for additional income. The five (5) garages offer the opportunity for ADU conversion.
811 Gardenia is a well-positioned 7-unit asset located in Long Beach, California. The property is priced at a 5.58% cap and 12.0 GRM on current rents. Built in 1963, The asset has a strong unit mix comprised of (1) 6BD/2BA, (1) 4BD/1BA, (3) 3BD/1BA and (2) 2BD/1BA units. Most of the units have been partially upgraded with new floors, countertops, fixtures and paint. The property has four (4) garages and a laundry room providing additional income. New ownership also has the opportunity to convert garages to ADUs for increased income.
1049 E. 5th Street is a 16-unit, apartment building located in North Alamitos Beach. The property is priced at 5.44% cap rate and 11.87 GRM at current rents. The property is comprised of nine (9) 1 BD / 1 BA units and seven (7) studio units. The majority of units have hardwood floors, and the first-floor units offer private patios. Onsite laundry, garages and storage spaces provide additional income, and the four (4) garages also have the ability to be converted to ADUs.
736-742 Olive is a 12-unit apartment building located in Long Beach, CA. The property is priced at a 6.0% cap rate and an 11.56 GRM on current rents. Built in 1927, the property includes (2) studios, (1) 5BD/2BA unit, and (9) 3BD/1BA units. Parking is available on-site with eight (8) garages and eight (8) surface spaces. The majority of the units have been updated with new flooring, paint and countertops. New ownership can generate additional upside by converting garages to ADUs, without losing surface parking in the interior courtyards. With a 91 Walk Score, the asset is well located near vibrant Downtown Long Beach and Alamitos Beach.
1050 Gaviota Avenue is a 14-unit asset, located in the in Long Beach, California. Built in 1963, the property is comprised of (1) 4BD/1BA, (3) 3BD/1BA + Den, (4) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA units. Spread across a 12,474-square foot lot, the property has eight (8) garages and a laundry room on site providing additional income. The garages also offer the opportunity for ADU conversion. Priced at a 5.65% cap rate & 11.95 GRM, on actual rents, new ownership can stabilize the asset at a 6.07% cap rate and 11.34 GRM.
2652 E. 15th Street is a 20-unit asset, located in the Zaferia Design District in Long Beach, California. The property is comprised of (18) 1BD/1BA and (2) studio units.Spread across a 21,717 square foot lot, the property has 15 surface parking spaces and two laundry rooms on site for additional income. Priced at a 5.14% cap rate & 11.91 GRM, new ownership can stabilize the asset at a 6.09% cap rate and 10.61 GRM.
1128 Stanley Avenue is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 12.60 x gross and 5.41% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit. Onsite laundry facilities provide additional income and there is ample parking of 13 total spaces -- nine (9) covered garage spaces under the building and two (2) two-car garages. With a Walk Score of 89, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.
Free-Standing Two Story Office Property in the Zaferia Neighborhood of LONG BEACH! This Corner Lot, Free Standing, Two Story, Elevator Served Office Property consists of a 2,893 SF Building situated on a 3,747 SF Lot built in 1990. The 2nd Floor Office Space was remodeled with High End Finishes and Fixtures throughout and was never occupied. New Roof installed as well. The Building is equipped with Google Nest Hub Smart Home Display with Google Assistant and Two Separate HVAC Systems. The 2nd Floor Office Space consists of Six Private Offices, Kitchenette/Coffee Station, Two Restrooms, Conference Room and Two Open Bull Pen areas that can accommodate roughly 15 employees in combination with the private offices. The First floor of the Building boasts an Enclosed, Private and Secured Garage with parking for approximately Six Parking Spaces or can be used as a Flexible Set-Up with room for Storage, Gym Equipment/Exercise area, etc. Convenient access to I-405 and numerous nearby amenities!
4117 East 7th Street is a 20-unit apartment building with four brand new ADUs in Long Beach, California. This asset boasts a great location in the desirable Belmont Heights neighborhood within easy walking distance of Recreation Park and Colorado Lagoon and proximate to Cal State Long Beach and Belmont Shore. 4117 East 7th Street is a well-maintained 1962 construction with a mix of nine two-bedroom/one-bath and 11 one-bedroom/one-bath units, ample tuck-under parking, and income-generating on-site laundry. Four of the one-bedrooms are newly completed ADUs anticipated to achieve monthly rents of $2,195. Current rents offer a new investor 19 percent potential upside, and this propertys excellent location in an area with a strong tenant base make it a great acquisition opportunity. This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.
Newer commercial retail building in "Anaheim Pine Plaza". Located on the corner of major street of Anaheim Street and Pine Ave(next to Pacific Ave). 2 stable tenants - LPB Convenience Store and Veronica's Insurance. Building size is 4,467 sf on the 13,853 sf lot. Rebuilt in 2008, the property is very clean and newer condition. Separate electrical, air conditioning and heating unit. More than enough 20 parking spaces. LPB Convenience Store has 10 year long term tenancy and Veronica Insurance has over 17 stores in Southern California. Both tenant is Rent + NNN with 3% annual rent increase.
1135 Olive Ave is a 9 unit apartment building located in Long Beach, California. Constructed in 1921, the subject property contains 6,308 rentable square feet that is placed on a 10,414 square foot lot. Also included is the vacant lot next door, 1127 Olive Avenue, containing a 6,527 square foot lot. The existing units consist of (4) 1 Bed + 1 Bath units and (5) 2 Bed + 1 Bath units. The vacant land is zoned LBR4R, this subject property provides a multitude of possibilities for development. The property offers economically friendly units that are perfect for the working-class individuals that value being centrally located to all business sectors of Downtown Long Beach, Alamitos Beach, and Downtown Los Angeles. Long Beach has provided a historically strong tenant occupancy, which makes filling vacancies effortless. The City of Long Beach attracts a diverse population of tenants due to its strong growing economy, plethora of music festivals, cultural celebrations, and sporting events. In the case of a multifamily property, having a mix of unit sizes can provide flexibility for the owner. This allows for different rental pricing tiers, accommodating tenants with varying budgets and needs; which makes 1135 Olive such an attractive investment because it provides (4) 1 bedroom + 1 bath
BACK ON THE MARKET >>>>> We are proud to present a good investment in a stong rental area of Long Beach. The mix is one larger 960 square foot two bedroom/one bath unit, over four garages with alley access. There are six one bedroom/one bath units, with the same 531 square foot floor plan contained in one easy to maintain garden style building. With the same continuous ownership for the last 36 years you know it is worth being the next in line to benifit from this property in your portfolio. The real value here is in the upside of the rents on an undervalued building of this size. At the proforma market rents, it will be a profitable 11.22 GRM. and 6.7 CAP. Please drive by to see the quality of the neighboring properties and single family residence. This apartment complex should prove to very inviting to educated investors. The most recently leased unit #1145 proves the $1,495 proforma rents. Current rents are based on increases due to go in effect on March 1st. If any tenants choose to move, then the $1,495 (1/1) or $1,795 (2/1) market values, makes the numbers even better on the value added.
OWNER WILL CARRY - CALL LISTING BROKER FOR DETAILS!!! Stand alone commercial restaurant/retail building for sale in heart of up and coming North Long Beach Area. Property has enclosed/gated parking areas in rear, front + rear alley access, excellent location/visibility on Atlantic Ave, and more. Current use is for restaurant space, zoning may allow for additional/other potential mixed/retail/office type uses (Buyers to independently verify zoning/uses with city). Owner may be interested in selling current restaurant machinery/equipment and/or type 41 liquor license separately - contact listing broker for details. An excellent acquisition for the owner/user and investor alike - contact us today to schedule your private showing.
Back units need some work. Great starter units for handy investor. The third building has four detached garages and one parking space. Great upsides potential in the area. Building has character. Some units have laundry hookups. Located near the mass transit line on Pacific Coast Metro and the Anaheim Station A lines. The property is a short distance to the historic Pine Avenue., bike trail, churches, schools, restaurants brewery and Rainbow Harbor. Located on a 7733 square foot lot. If you drive the area you can see that it is improving. The analysis is a wild guess of the expenses and gross income
Please see the Supplements section to access the Offering Memorandum. Beautiful 1151 Daisy Avenue is a charming 12 unit apartment complex in dynamic downtown Long Beach. This property features a roster of ten standard studios, two loft studios, laundry room, and four individual garages. The building was constructed in 1921, has a rentable area of approximately 4,604 SQ/FT, is built on a 7,440 SQ/FT lot, and is in absolutely turn-key condition to generate ample amounts of income from day one. All units are also individually metered for gas and electricity.
19 Room and 1 Mangers Housing Motel for Sale in Downtown Long Beach. All Rooms and Bathrooms have been renovated in the recent years. Property sits on a large lot with lots of available parking. Managers units is 1 bedroom with 1 full bath. Property has in house laundry with maid service. Close to the 710 Freeway Between 7th Street and Anaheim. Business is excluded from sale. Gross Income is 445,000/YTD
Please see attached Offering Memorandum for additional information. Beautiful 914 N. Loma Vista Drive is a charming 8 unit apartment complex adjacent to dynamic downtown Long Beach. This property features four standard one-bedroom, two deluxe one-bedroom, and two balcony one-bedroom apartments. The property has been substantially improved by its current owner who has owned & operated it for 7 years. During that time, the current owner has invested a total of over $148,000 in capital expenditures to the property, completing major renovations on 6 of 8 units and contributing $46k+ into the building exterior. These improvements have yielded an increase of the annual rent roll from $70,752 in 2015 to $136,476 today (an increase of 92.89%). The property is being offered at a price of $2,200,000, which is an attractive 15.92X multiple of current gross rents (12.93X on market rents) and a Cap Rate on current rents of 3.90% (5.23% on market rents).
3316 E 3rd Str. is 7-unit fully-renovated apartment building located in the sought-after Belmont Heights area of Long Beach minutes from the beach. This buildings consists four (4) one-bedroom one-bath units, two (2) studios and one (1) one-bedroom one-bath garage-conversion ADU. In 2023, the building underwent tremendous capital improvements and now features a new roof, new plumbing, new electrical subpanels and 400A main panel, new tankless water heaters, new windows, waterproof vinyl flooring, shaker cabinets with quartz countertops, stainless-steel appliances and in-unit laundry in every unit as well as newly painted interior and exterior. There are also four (4) single-car garages and an additional surface parking space. The building is now separately metered for electrical, gas, and is sub-metered for water and all utilities are tenant's responsibility. This property is minutes from the beach, shops and restaurants located both at the 4th Street Corridor and those located at Belmont Shore's 2nd Street!
***Just reduced by $220,000***6.8% Cap Rate***SIX unit building just north of Downtown Long Beach. Property consists of a 4 bed 2 bath Craftsman single family home in front, and a rear building with 5 additional units (TWO 2bed 1 bath units, TWO 1 bed 1 bath units, and ONE non-conforming 2 bed 1 bath basement apartment). Amenities include on-site parking, on-site laundry for extra income, and an upstairs observation deck with 360-degree views of the San Gabriel Mountains, the Downtown skyline, and Palos Verdes Peninsula. All tenants are long-term multiple-year occupants on month-to-month rental contracts. These extremely well-performing units are all month to month with wonderful long-term tenants, a 6.8% Cap rate and tons of growth potential!
338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 11.42 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers. The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.
1830 - 1838 E. 7th Street is an 11-unit apartment asset in Long Beach, California. The property is offered at 11.40 GRM and 5.75% cap rate on current rents. The property is comprised of three buildings situated on an 11,668-square-foot lot. There are seven 1BD / 1BA units; two 2BD / 2BA units; one 3BD / 2BA unit; and one 4BD / 3BA house that could be an excellent owner's unit. Most of the 1BD / 1BA units feature attractive patio entrances. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled units offer in-unit washers and dryers. There are six garages that offer the opportunity for ADU conversion to capture additional rental income.
