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Listed by George Bustamante • Coldwell Banker Commercial
$ 2,625,000
Est. payment | /mo
6,300 SqFt
$ 2,625,000
Est. payment | /mo
6,300 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $416
MLS Listing ID CRPW25028496
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1961
Lot Size 7,210 Sqft
Property Sub-Type Other
Property Description
We are pleased to present an 8-unit apartment building in Long Beach, California. Built in 1961, this property offers 6,300 rentable square feet on a 7,210-square-foot lot. The unit mix includes four 1-bedroom/1-bathroom units and four 2-bedroom/1-bathroom units. All eight units have been upgraded, and the entire building features copper plumbing. Additional improvements include a new roof installed in 2022 and updated electrical panels replaced in 2023. The property is separately metered for electricity and gas, with additional income generated from an onsite laundry facility. Residents also benefit from eight dedicated parking spaces. Situated in the desirable Lakewood Village neighborhood, the property is conveniently located near shopping, dining, Long Beach City College, California State University Long Beach, and Long Beach Airport. Long Beach is undergoing significant redevelopment, with the $4.4 billion expansion of the Long Beach Port expected to create 14,000 new permanent jobs in Southern California. Additionally, the city is experiencing a construction boom, with over $5 billion in private and public investments currently in progress. The new $520 million Long Beach Civic Center now houses City Hall, the Port of Long Beach headquarters, and the Main Library. With its
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Level, Other
Water Public
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