Overview
- Mixed Use
- 0
- 1964
Description
Fully renovated 10-unit apartment community offering a turnkey investment opportunity at an attractive 7% cap rate. The property underwent a comprehensive, permitted renovation down to the studs, including a new roof, electrical, plumbing, HVAC, windows, individual water heaters, and modernized interiors throughout. The unit mix consists of (5) 1-bed/1-bath and (5) 2-bed/1-bath units, including three newly constructed ADUs. Separate gas and electric meters and individual water heaters help minimize operating expenses. The majority of the units are master leased to a single organization, providing consistent income, reduced vacancy exposure, and streamlined management. Conveniently located in North Long Beach with access to major employment centers, transportation, and surrounding coastal communities.
Address
Open on Google Maps- Address Dairy
- City Long Beach
- State/county Los Angeles
- Zip/Postal Code 90805
- Area North Long Beach (NLB)
Details
Updated on September 15, 2026 at 8:07 am- Property ID: HZPW26176341
- Price: $3,395,000
- Garage: 0
- Year Built: 1964
- Property Type: Mixed Use
- Property Status: Residential Income
- Listed by: Juan Huizar
- DRE #: 01417642
- Contact Mail: juan@sageregroup.com
- Brokered by: Sage Real Estate Group, Inc.
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees
