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$3,400,000
Est. payment /mo
7,505 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26195965
HOA Y/N No
Year Built 1908
Annual Tax Amount $25,000
Lot Size 7,505 Sqft
Property Sub-Type Multi Family
Property Description
Fully remodeled and 100% occupied 12-unit multifamily investment opportunity in Long Beach. Originally a 10-unit property, two additional ADUs have been added, bringing the property to a total of 12 units.
The property has been comprehensively renovated and is fully leased, providing investors with immediate in-place income and no renovation program required. With the improvements already completed, a new owner can benefit from a turnkey asset with minimal near-term maintenance and capital expenditure concerns.
All 12 units feature in-unit laundry, providing a highly desirable tenant amenity and enhancing the property's long-term marketability.
With 12 fully rented units, completed renovations, and stabilized cash flow from day one, 911 Pacific Ave offers an attractive opportunity for investors seeking a turnkey multifamily asset in Long Beach.
The property has been comprehensively renovated and is fully leased, providing investors with immediate in-place income and no renovation program required. With the improvements already completed, a new owner can benefit from a turnkey asset with minimal near-term maintenance and capital expenditure concerns.
All 12 units feature in-unit laundry, providing a highly desirable tenant amenity and enhancing the property's long-term marketability.
With 12 fully rented units, completed renovations, and stabilized cash flow from day one, 911 Pacific Ave offers an attractive opportunity for investors seeking a turnkey multifamily asset in Long Beach.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Laundry Inside
Exterior
Total Parking Spaces 3
Building
Lot Description 11-15 Units/Acre
Story 2
Water Public
Others
Tax ID 7272012016
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by Yu Ooka West Shores Realty, Inc. 310-806-1131, DRE #02139987
Nearby School & Business
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