Property Details
About this Property
Invest in north Long Beach 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 5.05% at 100% occupancy, and significant rent upside. Two units are vacant and ready for market-rent tenants, and all existing tenants are on month-to-month leases. 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 (main and subs), 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 used development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways.
MLS Listing Information
MLS #
CRPTP2407021
MLS Source
California Regional MLS
Days on Site
46
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Jeff Kim
eXp Realty of California, Inc.
License #: 01959539
Phone: (619) 948-3112
Co-Listing Agent
Jessica Appley
License #: 02091500
Phone: (619) 450-1879
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 13 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
477 E South St is a Residential Income in Long Beach, CA 90805. This – square foot property sits on a 10,429 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,100,000 and was built in 1961. This address can also be written as 477 E South St, Long Beach, CA 90805.
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This listing information is up-to-date as of December 19, 2024. For the most current information, please contact Jeff Kim, (619) 948-3112
