500 E 51st Street, Long Beach, CA 90805 - MLS#PW25062894

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$3,589,500

Est. payment - /mo

3 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID PW25062894

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

Located in the heart of Long Beach, 15 unit apartment building majority 2 bedrooms (10) and five 1 bedrooms. This building offers a prime investment opportunity with upside in rents. With a diverse pool of tenant base looking for affordable housing there's sure to be a stream of renters. There is also opportunity for additional income with garage spaces as well as potential RUBS income, one side of the building is master metered. Recent cap ex includes a new roof over the 500 side of the property and roof update to the 520 side. All new paint over the entire building. Hand Railings were reinforced on the second floor, walkways were also updated and re done. New flooring in the laundry rooms, a new 100 gallon water heater on the 500 side. And 90% of the units have vinyl plank, all recently installed. With all the work being done recently there is still opportunity for an investor to increase rent and add additional income.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Off of Atlantic

Interior

Heating Floor Furnace

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7130016031

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Listed by Daniel Talamentes VPMI, INC.

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

500 E 51st Street Long Beach, CA 90805

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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