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140 E Spring St
Long Beach, CA 90806 Wrigley

$4,800,000 USD

Apartments For Sale • 13,746 SF

Property Details

Property Type Apartments
Total Building Size 13,746 SF
Lot Size 0.48 AC
Building Class B
Year Built 1958
Zoning LBPD29

50 Transit Score

70 Walk Score

                
                    Highlights
                
                                ~20% NOI Growth Through Mark-to-Market Rents and Parking Income
                            
                                Over $200K in Capital Improvements Already Completed
                            
                                Significant Loss-to-Lease - In-Place Rents Sit Well Below Market and Comparables
                            
                                Large, Well-Configured Units - Balanced Mix of 2BDs and 1BDs
                            
                                Attractive Amenities - 1:1 Parking Ratio, Pool & Sundeck
                            
                                Central Long Beach Location with Convenient Access to Major Employment Centers

Amenities

Courtyard
Pool
Kitchen

Public Transportation

Transit/Subway	Drive	Walk	Distance
Willow Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	10 min	0.4 mi
Wardlow Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	5 min	-	2.4 mi
Los Angeles International	26 min	-	18.8 mi
John Wayne/Orange County	28 min	-	22.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	19
Type:	Surface
Included in Rent:	Yes

Robert Stepp 310-463-2916 Stepp Commercial - KWPE

140 E Spring St Long Beach, CA 90806 Wrigley