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405-411 1/2 E Esther St
Long Beach, CA 90813 Downtown Long Beach

$1,925,000 USD

Apartments For Sale  •  4,252 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,252 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1923
  • Zoning PD29, Long Beach
64 Transit Score
88 Walk Score

Highlights

Immediate Cash Flow: Fully occupied with a stable tenant base, delivering a 6.36% cap rate on actual operations from day one
Attractive Unit Mix: Larger floor plans, including 6-bedroom, 3-bedroom, and 2-bedroom units, support strong demand from families and shared household
Value-Add Upside: Current rents below market, providing meaningful potential to increase NOI through gradual turnover and strategic interior upgrades

Public Transportation

Transit/SubwayDriveWalkDistance
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 4 min 0.2 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 8 min - 3.8 mi
Los Angeles International 30 min - 20.5 mi
John Wayne/Orange County 32 min - 21.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
John Alden 310-387-3489 Dover Management Corporation
John Alden 310-387-3489 Dover Management Corporation