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1495 Peterson Ave
Long Beach, CA 90813 Downtown Long Beach

$6,300,000 USD

Apartments For Sale • 19,568 SF

Property Details

Property Type Apartments
Total Building Size 19,568 SF
Lot Size 0.29 AC
Building Class C
Year Built 1963
Zoning LBR2N

50 Transit Score

70 Walk Score

                
                    Highlights
                
                                10.9 GRM on Current Rents
                            
                                Located in Long Beach’s established Poly High submarket with strong tenant demand and convenient access to Long Beach Airport and major freeways
                            
                                Significant capital improvements completed, including a new roof in 2019, updated electrical and plumbing systems, and seismic retrofitting.
                            
                                Property includes 13 garages offering potential for additional revenue through accessory dwelling unit (ADU) conversion.
                            
                                Fully renovated 24-unit multifamily property featuring updated kitchens, bathrooms, flooring, and windows.

Amenities

Air Conditioning
Dishwasher
Microwave
Washer/Dryer
Heating
Wi-Fi
Ceiling Fans
Kitchen
Hardwood Floors
Refrigerator
Oven
Stainless Steel Appliances
Tub/Shower
Dining Room
Pantry
Private Bathroom
Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	7 min	-	3.2 mi
Los Angeles International	31 min	-	21.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	13
Type:	OneCarGarage
Included in Rent:	Yes

Robert Stepp 310-463-2916 Stepp Commercial - KWPE

1495 Peterson Ave Long Beach, CA 90813 Downtown Long Beach