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Listed by Robert Stepp • Keller Williams Realty Downey
$3,450,000
Est. payment /mo
8,692 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,692 sqft
Price per Sqft $396
MLS Listing ID CRPW25184626
HOA Y/N No
Year Built 1963
Lot Size 10,078 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
30 W. 49th Street is a 12-unit stabilized investment opportunity in North Bixby Knolls, offered at a 5.97% cap rate on current rents. The controlled-access building features mostly two-bedroom units (11 of the 12) and a convenient one-to-one parking ratio. Additional income is generated from on-site laundry facilities. Recent capital improvements include a new roof and new windows throughout, and SB 721 (Balcony Inspection) has been completed. Situated near the vibrant Bixby Knolls district, residents enjoy walkable access to dining, shopping, and entertainment, along with excellent connectivity to major transportation routes. Combining strong in-place financial performance, a prime location, and well-maintained condition, this asset offers investors immediate cash flow and long-term appreciation potential in a desirable Long Beach submarket.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
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