Field Commercial is pleased to present this well maintained ten (10) unit building located at 1425 Cedar Avenue in Long Beach, California. It's location is directly across from Washington Middle School, as well as community parks, public transportation, easy access to 405 & 710 freeways, and just minutes away from the beach. The subject property is a two-story walk-up style building built in 1953, with 6,222 rentable square feet. The unit mix consists of eight (8) one-bedroom/one-bathroom units and two (2) two-bedroom/one-bathroom units separately metered for gas and electric. Additionally, the building offers on-site laundry as well as four(4) single car garages, for additional income.
Six units with 5 garages in a Great rental area with upside potential. Opportunity to increase rents immediately.
PRIME "A" LOCATION 15.5 GRM 13.4 X POTENTIAL 5.3% PROFORMA CAP . LOWEST GRM BEACH AREA GREAT UPLEG FOR EXCHANGE ; ASSUME OR GET NEW FINANCING.; DEBT & EQUITY CAN BE ADJUSTED Charming property on NAPLES ISLAND! High visibility & well maintained; 22 STUDIOS 12 with LOFTS, & 1 - 1 Bedroom; 20 0f 23 apts have remodeled kitchen and bathrooms; Sate of art Solar system; Small units but charming apts always rented; plenty of upside potential. Possible summer vacation rentals; check out AIRBNB
Marcus & Millichap is pleased to present a four-plex on East Riverdale Street bordering the desirable areas of Anaheim Hills and Orange. This well constructed four-plex was built in 1964 and sits on a large 10,000 square-foot lot. The property is comprised of two, one-bedroom/one-bath units and two, two-bedroom/one-and-half bath units. Some common area amenities include laundry room (building owned), large storage room and carports.
Marcus & Millichap is pleased to present for sale a six unit mixed-use investment located in the strong rental market of Long Beach, California. The property has a mix of five apartment units and one retail. The building consists of 2,437rentable square-feet with a lot size of 5,655 square-feet. All units are separately metered for gas and electricity.
Johnny Han of Calla Commercial is proud to present this (19) unit multi-family investment located in Bell Gardens, CA. The subject property, built in 1963, has a total building square footage of 12,747 SF on a very openly spacious 28,730 SF lot. The unit mix consists of (6) 1 Bedroom 1 Bath units and (13) 2 Bedroom 1 Bath units all separately metered for gas and electricity. The subject property is currently 100% occupied in a very high-rental demand area of Bell Gardens and has always had a high history of occupancy. Several development projects are currently in construction near the subject property giving current and future tenants incentive to rent at this location. Close proximity to shopping and dining as well as multiple transportation options. This property is NOT subject to rent control and has upside in the rents giving investors immediate growth with their investment.
Johnny Han of Calla Commercial is proud to present this (8) unit multi-family investment located in the South Wrigley submarket of Long Beach. The subject property, built in 1929, has a total building square footage of 6613 SF on a 6183 SF lot. The unit mix consists of (3) 2 Bedroom 1 Bath units and (5) 1 Bedroom 1 Bath units all separately metered for gas and electricity. The property is currently 100% occupied in a very high-rental demand area of Long Beach across the street from Long Beach Polytechnic High School and has always had a high history of occupancy. Major redevelopment of Long Beach coupled with the high rental demand and non rent control makes this property a solid investment. Close proximity to local shopping and dining as well as the beaches and museums of Long Beach.
Gibraltar Realty is proud to present the exclusive opportunity to acquire the NEST Community Apartments, a well maintained, newly upgraded 12 unit community. Owned in same family for over 25 years, this property has STRONG RENTS and had historically LOW VACANCY AND EXPENSES. Built in 1970 it features a nice unit mix of (8) 2 bedrooms and (4) one bedrooms. Property has been professionally managed and well maintained. All units have fireplaces and above average size and open floor plans. Gated and covered parking with on-site laundry. RECENT EXTENSIVE UPGRADES to property included: new modern landscape/hardscape, new exterior paint scheme, new building numbers, signage, and unit ID's, upgrade of older A/C units and furnaces, installation of security camera system viewable from mobile phone, creation of gym in back of property, wi-fi installation, complete remodel of most interiors with hardwood floors, new stainless steel appliances, new high end paint scheme, new bathroom flooring, tubs, and vanities. All upgrades were done through direction of CREATIVE PROPERTY GROUP.
- Desirable Rentals & Amenities: The property is comprised of six single story, cottage style, 2 Bedroom 1 Bath apartment homes. No common walls are shared by tenants allowing for a quiet living environment. Every home comes with washer & dryer hookups, enclosed garage, individual water heaters and patios. The two homes located at the rear of the property come with sizable yards. - Attainable Upside In Rents: Average rents on the property are roughly 20% below market . All tenants are on month to month leases allowing an investor the potential to immediately increase the income and take advantage of the strong Huntington Beach rental market. - Redevelopment Potential: Substantial redevelopment value in the land with a current zoning of Residential Medium High Density (RMH). This special zoning can potentially allow for 11 for sale homes. Lot dimensions are 100 feet wide by 200 feet deep for a total lot square footage of 20,000. A density bones could possibly allow for additional homes. Buyer to verify with the city of Huntington Beach. - First Time On The Market: Offered for sale by original developer.
Huge Price Reduction, Seller says sell now, Bring all offers, Motivated. An Extremely rare mixed use building located in the historical famous Balboa Peninsula. Building is one of the first buildings in the area. Currently is an active restaurant/bakery, approximately, 1,900sq.ft in addition there is additional storage. Upstairs consists of 2 apartments, each is 2 bedroom 1, bath, with separate entrances. Approximately 1,000sqf.t, each unit. W/ Breathtaking views from units and the large balcony. Great potential for vacation rentals. Corner building centrally located in the village and only steps away from the spectacular Balboa Pier, World famous Balboa Pavilion, and the Fun Zone. Building has had several upgrades over the years, including earthquake safety, copper plumbing, electrical etc. Please be respectful of tenants and customers (have not been notified)