Overview
- MultiFamily
- 1915
Description
***Immediate Income Opportunity***Value-add 6-unit in Long Beach with permits for 5 additional units + parking. Fully renovated, strong cash flow, and shovel-ready expansion. High upside via development or hold. Contact agent for detailed pro forma and plans.
Rare Long Beach opportunity: a fully stabilized 6-unit multifamily income property (5 of 6 units recently renovated, 6th unit has been updated) offered with approved and paid permits for 5 additional units plus structured parking. The redevelopment plan includes 3 × 4BR/3BA & 2 × 3BR/2BA ADUs above parking — conservatively modeled to generate AN ADDITIONAL $23,000/month in rent once built. Pro-forma NOI (post-build) projects to ~$316,739 on gross schedule income of ~$444,120/year. Permits are in hand, making this a fast-to-market value play. Located near freeway access, top Long Beach dining and shopping corridors, and waterfront attractions. Excellent for investors seeking both strong cash flow and development upside.
Address
Open on Google Maps- Address 5th
- City Long Beach
- State/county Los Angeles
- Zip/Postal Code 90802
Details
Updated on November 22, 2025 at 7:08 am- Property ID: HZIV25264295
- Price: $2,350,000
- Year Built: 1915
- Property Type: MultiFamily
- Property Status: CommercialSale
- Listed by: JENNIFER MENDOZA
- DRE #: 01991593
- Contact Phone: 310-801-9060
- Contact Mail: agentjennifermendoza@gmail.com
- Brokered by: EXP REALTY OF CALIFORNIA INC
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