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
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
Property is a multi-tenant mixed use property with retail on the ground floor and residential located directly above with approximately 5,817 SF on approximately 3,596 SF of land. The retail tenants include the popular Salud Juice Bar & Caf and Fatimas Grill. The upstairs includes 4 residential tenants. The property is in the high traffic corridor of 4th Street in what is dubbed Retro Row. This corridor is vibrant and has a creative spirit of the Long Beach culture. Stretching between Cherry and Junipero, the district is home to an exciting group of 40+ independent merchants. Kitchy and hip and always hospitable, 4th Street features vintage & contemporary clothing, furniture & accessories, art, antiques & collectibles, books, roller skates & skateboards as well as locally owned restaurants, coffee shops and wine bars. Adding to the retro vibe of the street is the restored 1920s Art Theatre, which hosts a mix of first run and art films, live concerts & comedy, and other unique events. 4th Street is one of the few designated bike-friendly business districts in the city and has been featured in the pages of the New York Times as well as New York, Sunset, and Los Angeles magazine.
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!
Exciting Investment Opportunity in Alamitos Beach! Prime Location and Corner Lot. The subject property is on 2 separate parcels, comprised of two commercial buildings and a parking lot. 232 Cherry is comprised of two separate structures, consisting on one 2,695 SF building (currently vacant), and another 1,568 SF building , consisting of two ground floor retail units, and a 2nd story 1bd/1bth apartment unit. 2000 E. Appleton Street consists of 2,985 SF parking lot, and consists of 8 parking spaces. Two blocks from the Ocean and two blocks from 4th Street Retro Row. The property offers tremendous upside and endless possibilities.
***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.
1215 Temple Avenue is a 7-unit apartment asset in Long Beach, California. The property is offered at 11.34 GRM and 5.96% cap rate on current rents. The property is comprised of one 4BD / 3BA townhouse-style unit; two 2BD / 2BA units; two 1BD / 1BA units; two studios. Studio units feature private yards. Six 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 five garages and one surface parking spot. The garages offer the opportunity for ADU conversion to capture additional rental income.
MASSIVE UPSIDE with a proforma CAP of 7.44%. NOI is $223,200 and gross income is $372,000. Property has a new roof!! 15 studio rentals upstairs are vacant and need to stripped down to the studs. Five lower retail units are in average condition. Two are currently rented at $1,500/mo with month to month tenants that will vacate upon sale. All commercial units will be delivered vacant. Located a half mile East of the 710 freeway with great rental demand in the area. This would be a great Section 8 play or great for government sponsored tenants. Would also work for regular tenants as well (after reno). Great opportunity and this will NOT last
Exciting Investment Opportunity in Historic Zaferia Art and Business District! Welcome to 2745-2749 E. Anaheim St., Long Beach, CA 90804 - an incredible 3-unit commercial building that awaits your ownership. This historic gem is nestled in the well-known Zaferia Art and Business district, renowned for its unique personality and edgy charm, setting it apart from other business districts in Long Beach. Located in the heart of the city, Zaferia thrives as the main artery of Long Beach, offering a vibrant atmosphere with lively bars, eclectic restaurants, and enchanting performing arts theaters. Spanning 3,660 Sq. Ft. on a generous 4,038 Sq. Ft. lot, this building stands proudly next to the United States Post Office at the prominent corner of E. Anaheim and Temple St. Enjoy ample street parking, high visibility, and abundant foot traffic, creating the perfect environment for commercial success. Strategically positioned just minutes away from the traffic circle and the 405 freeway, this location offers unmatched accessibility, attracting potential customers and tenants alike. Whether you are an owner-occupier seeking a prime spot for your business or an astute investor looking for an excellent return, this property suits both purposes flawlessly. Currently offering a solid 5.4% cap ra
We are pleased to present the sale offering of 2611 E. Broadway. This 3-story multi family building is located in Coastal Long Beach on a prominent corner in the greater Belmont Heights area (technically Bluff Heights). This building consists of 36 units with a balanced mix of mainly 2 bedroom/2 bathroom apartments. The building is secure and offers three entrances, two staircases, and an elevator. Parking is available on two sides of the building with 17 individual parking garages. The building is built around a large central landscaped courtyard with a pool. The laundry room is located on the ground level and provides additional income and has been recently remodeled. The building is well maintained with no major capital expenditures forecasted. The building was re-roofed in 2014, re-landscaped in a drought tolerant manner in 2016, and the pool was remodeled in 2017. The building is located in a prime location in regards to employment base, walkability, transportation access, and points of interest. Just a 1/4 mile from the beach and an easy walk to Bluff Park, Long Beach Art Museum/Claires, Retro Row/4th Street Corridor, and dozens of local restaurants and boutiques. Just slightly beyond these locations tenants have easy access to Downtown Long Beach and Belmont Shore/2nd S
Featuring 6 one bedroom, 4 units with garage with 1 space each. there is a bonus room "studio" with 1 bdrm. 1 bth. and a kitchen, in addition to the 6 Units. This property offers an investor the opportunity to re-position through renovation and increased rents. The landlord provides the water. Located in the dynamic 90805 zip code this property will benefit for many years from the development that will create local jobs. The Market Capitalization Rate, based on market rents, exceeds 7 per cent.
HUGE PRICE REDUCTION FOR A QUICK SALE!!! This is the multi-family you have been looking for...these units are spacious, beautifully remodeled and all have their own private laundry. The rear 4 unit has been remodeled from head to toe with refinished hardwood floors, designer colors, new bathrooms, upgraded plumbing, lovely vintage kitchens, new light fixtures, stainless appliances installed and all located on a huge lot with large common area for tenants. The front duplex is stunning with a huge owner's unit that offers soaring ceilings, original built ins, huge kitchen with solid surface counter tops, 2 bedroom and 1.5 baths with endless storage and private side yard! The duplex has a new roof installed and the rear 4 unit has had white coating for added heat prevention. There is a 1 stall detached garage that has preliminary approval for an ADU conversion, and the plans will be provided to the Buyer! Also, the very unique PD-30 zoning on this particular building could allow you to add multiple other units in the future! This property is truly turnkey and a must see!! All photos are of the actual units after the remodel and before current tenants. All units are separately metered for gas and electric. Owner has identified another property and wants this sold, bring us an offer!!
Commercial car lot sitting on a 12,249 sq ft lot - 2 parcel numbers and addresses combined in one. This area is a mixed use zone so open to other businesses as well as residential use. Tons of income potential on a major high traffic street. Conveniently located close to major transportation routes.
Great opportunities with this large lot (currently a 960 sq ft commercial building sits on the site), located right off Long Beach Blvd and near the 710 freeway, near popular businesses such as an artisan coffee shop, athletic shoe store, etc. This 8500+ SQFT lot is a developers dream, offering ample space to build commercial, 1-2 residential, or mixed use unit(s); builders, take advantage of current building codes which allow the addition of ADUs. The location falls under AB 2097 which prohibits imposing minimum parking requirements. Please refer to the Long Beach city zoning office to verify and review the CNR designation and all local ordinances.
4130 E. 10th Street is a 10-unit apartment building in a quiet neighborhood near Belmont Heights in Long Beach, California. The property consists of ten (10) studio units. Six (6) of the units have been renovated with new flooring, updated kitchens with new stainless steel appliances and updated bathrooms. An adjacent parking lot offers eight (8) surface parking spaces with potential for additional income. On site laundry is available, contributing to the current income. The building is master metered for gas and electricity and has an in-place RUBS program. The property is located nearby to Recreation Park Golf Course and Colorado Lagoon which offer various outdoor activities. Additionally, the property is located less than two (2) miles to California State University Long Beach, which has a student population of 37,500 and employed faculty of 2,000. 4130 E. 10th Street provides a new owner with strong in-place cash flow with the opportunity to remodel the remaining four (4) units.
527 W. 3rd Street is a 36-unit apartment asset in prime Downtown Long Beach. The property features a mix of four (4) 1BD / 1 BA, (27) studios, and five (5) micro studios. Many of the units have been renovated with designer fixtures and finishes, including new countertops, cabinetry, tile and flooring in the kitchens and bathrooms, stainless steel appliances and lighting. The secured access building offers a bright, spacious entryway, new carpet and paint in hallways, and on-site laundry facilities. With its prime West Gateway location, the property provides convenient access to the newly redesigned Lincoln Park, an integral part of the 22- acre, $520 million Civic Center redevelopment project. The Long Beach Civic Center Master Plan includes a 270,000-square-foot City Hall, 93,500-square-foot landmark Main Library, updated bike/bus/Metro Blue Line transit system, design guidelines for 800 residential units, and vibrant amenities across the revitalized Downtown area. 527 W. 3rd Street presents a new buyer with a beautifully renovated asset in a highly desirable Long Beach location at 12.89 GRM on actual rents.
