Homes for sale - 477 E South ST, Long Beach, CA 90805

Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Jeff Kim • eXp Realty of California, Inc.

$3,990,000

Est. payment - /mo

10,429 Sqft Lot

Save

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPTP2407021

Originating Board California Regional MLS

Year Built 1961

Lot Size 10,429 Sqft

Property Description

Invest in Long Beach near Bixby Knolls and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.58% at 100% occupancy. One unit is currently vacant. Fourteen of 15 existing leases are month-to-month. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels, and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed-use development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Laundry Laundry Area

Exterior

Garage Spaces 12.0

Pool None

Building

Lot Description Grade - Level

Others

Tax ID 7125032033

Special Listing Condition Not Applicable

Read Less Info

Get More Information

JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

Quick Search

477 E South ST Long Beach, CA 90805

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Get More Information