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    6974 Long Beach Boulevard

    Long Beach, CA 90805
    • $6,535,000
    • STATUS: ACTIVE
    • ON SITE: 17 days
    • ID#: CV21091648
    UPDATED: 54 min ago
    $6,535,000
    • 3
      BEDS
    • 0.62
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are proud to present 6974 Long Beach Boulevard, a 27-unit multifamily investment property located in Long Beach, California. Built in 1965, the property sits on 0.62 acre and has a combined building size of approximately 17,708 square feet. The property is comprised of two buildings that consist of (18) one bedroom/one bathroom units of approximately 611 square feet and (9) two bedroom/one bathroom units of approximately 745 square feet. The property features gated controlled access, single and double car garages, open space parking and an on-site laundry room. All of the units are individually metered for gas and electricity and have individual hot water heaters. The property has an attractive rental location on Long Beach Boulevard and is ideally situated with easy access to the 710 Long Beach Freeway, Interstate 105 and the 91 Freeway. Along with its central location and proximity to Downtown Los Angeles, the city is well served by the Martin Luther King, Jr. Transit Center and the Blue Line light rail station providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home. The property offers an investor the ability to capture quality tenants seeking a great community with convenient access to a wide variety of activities, transportation and retail amenities. We are proud to present 6974 Long Beach Boulevard, a 27-unit multifamily investment property located in Long Beach, California. Built in 1965, the property sits on 0.62 acre and has a combined building size of approximately 17,708 square feet. The property is comprised of two buildings that consist of (18) one bedroom/one bathroom units of approximately 611 square feet and (9) two bedroom/one bathroom units of approximately 745 square feet. The property features gated controlled access, single and double car garages, open space parking and an on-site laundry room. All of the units are individually metered for gas and electricity and have individual hot water heaters. The property has an attractive rental location on Long Beach Boulevard and is ideally situated with easy access to the 710 Long Beach Freeway, Interstate 105 and the 91 Freeway. Along with its central location and proximity to Downtown Los Angeles, the city is well served by the Martin Luther King, Jr. Transit Center and the Blue Line light rail station providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home. The property offers an investor the ability to capture quality tenants seeking a great community with convenient access to a wide variety of activities, transportation and retail amenities.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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    6974 Long Beach Boulevard Long Beach, CA 90805

    • Price: $6,535,000
    • Status: ACTIVE
    • Updated: 54 min ago
    • ID#: CV21091648
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.62
    Acres
    Neighborhood:
    Long Beach (90805)
    County:
    Los Angeles
    Area:
    Long Beach (90805)
    Property Description
    We are proud to present 6974 Long Beach Boulevard, a 27-unit multifamily investment property located in Long Beach, California. Built in 1965, the property sits on 0.62 acre and has a combined building size of approximately 17,708 square feet. The property is comprised of two buildings that consist of (18) one bedroom/one bathroom units of approximately 611 square feet and (9) two bedroom/one bathroom units of approximately 745 square feet. The property features gated controlled access, single and double car garages, open space parking and an on-site laundry room. All of the units are individually metered for gas and electricity and have individual hot water heaters. The property has an attractive rental location on Long Beach Boulevard and is ideally situated with easy access to the 710 Long Beach Freeway, Interstate 105 and the 91 Freeway. Along with its central location and proximity to Downtown Los Angeles, the city is well served by the Martin Luther King, Jr. Transit Center and the Blue Line light rail station providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home. The property offers an investor the ability to capture quality tenants seeking a great community with convenient access to a wide variety of activities, transportation and retail amenities. We are proud to present 6974 Long Beach Boulevard, a 27-unit multifamily investment property located in Long Beach, California. Built in 1965, the property sits on 0.62 acre and has a combined building size of approximately 17,708 square feet. The property is comprised of two buildings that consist of (18) one bedroom/one bathroom units of approximately 611 square feet and (9) two bedroom/one bathroom units of approximately 745 square feet. The property features gated controlled access, single and double car garages, open space parking and an on-site laundry room. All of the units are individually metered for gas and electricity and have individual hot water heaters. The property has an attractive rental location on Long Beach Boulevard and is ideally situated with easy access to the 710 Long Beach Freeway, Interstate 105 and the 91 Freeway. Along with its central location and proximity to Downtown Los Angeles, the city is well served by the Martin Luther King, Jr. Transit Center and the Blue Line light rail station providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home. The property offers an investor the ability to capture quality tenants seeking a great community with convenient access to a wide variety of activities, transportation and retail amenities.
    Exterior Features

    Pool N/K Site Curbs

    Interior Features

    Total Baths Unit1 1 Total Baths Unit2 1

    Property Features

    Actual Cap Rate 4.45 Annual Expense Actual 164005 Buildings 2 Gross Rent Multiplier Actual 14.07 Gross Scheduled Income Actual 464542 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1352.0 Unit2 Rent Actual 1598.0 Zoning Public Rec

    Listing provided courtesy of Marcus & Millichap. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Carrie Filla & Associates | Pacific Sotheby's International Realty
    5825 Avenida Encinas Ste 101
    Carlsbad CA, 92008