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Listed by Cody Charnell • Sage Real Estate Group, Inc.
$1,799,000
Est. payment /mo
4,690 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,690 sqft
Price per Sqft $383
MLS Listing ID CRPW25059042
HOA Y/N No
Year Built 1923
Lot Size 7,173 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Great investment opportunity in the Wrigley neighborhood of Long Beach! This 12-unit property offers 30%+ upside in rental income and is surrounded by primarily single-family homes, making street parking more accessible. The property includes four garage spaces, providing potential for ADU conversions to increase cash flow. Three units can be delivered vacant at close of escrow. Additional income streams include an on-site coin-operated laundry room. There is potential to implement RUBS to further boost cash flow. Priced competitively at $149,917 per unit, this is an excellent value in a strong rental market. Don't miss out on this high-potential asset!
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Water Public
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