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    928 Long Beach Blvd

    Long Beach, CA 90813
    • $2,500,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: 20-624156
    $2,500,000
    • 5
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,793
      SQFT
    • $368
      $/SQFT
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire 928 Long Beach Blvd, a thirteen-unit apartment complex in a dense rental population in Downtown Long Beach. The property sits on a 12,537 square foot parcel with 6,793 square feet of rentable space. Built in 1920, 928 Long Beach Blvd is comprised of one (1) 5 Bedroom/2 Bathroom house and twelve (12) Studio units. The house is separately metered for gas and electricity and the studio units are separately metered for electricity only. The house offers tenants with a two (2) car covered garage. With 3 vacant units and potential upside in rents for the occupied units, this property provides an astute investor a unique value-add opportunity.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-24T23:42:40.983. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/109489437
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    928 Long Beach Blvd Long Beach, CA 90813

    • Price: $2,500,000
    • Status: Active
    • ID#: 20-624156
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    6,793
    SQFT
    $368
    $/SQFT
    1920
    Built
    Neighborhood:
    Downtown Area, Alamitos Beach
    County:
    Los Angeles
    Area:
    Downtown Area, Alamitos Beach
    Property Description
    We are pleased to present the opportunity to acquire 928 Long Beach Blvd, a thirteen-unit apartment complex in a dense rental population in Downtown Long Beach. The property sits on a 12,537 square foot parcel with 6,793 square feet of rentable space. Built in 1920, 928 Long Beach Blvd is comprised of one (1) 5 Bedroom/2 Bathroom house and twelve (12) Studio units. The house is separately metered for gas and electricity and the studio units are separately metered for electricity only. The house offers tenants with a two (2) car covered garage. With 3 vacant units and potential upside in rents for the occupied units, this property provides an astute investor a unique value-add opportunity.
    Exterior Features

    Lot Size Area 12537 Other Structures Other Parking Garage Garage - 2 Car Total Parking 4

    Interior Features

    Baths Total 14.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 612526 Gross Income 198600 Gross Operating Income 192642 Like Units1 10 Like Units2 2 Like Units3 1 Net Operating Income 128885.00 Number Of Buildings 3 Number Of Units 13 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays Electricity Total Annual Expense 63757 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lbpd29

    Listing provided courtesy of Sevak Keshishian DRE#01887505 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-24T23:42:40.983. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377