64th Street Apartments

541 E 64th St, Long Beach, CA 90805

  • For Sale $2,880,000
  • Property Type Multi-Family
  • Property Size 10,194 SF
  • Units 16
  • Lot Size 0.31 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1960
  • Date Updated Apr 10, 2025
Located in the vibrant city of Long Beach, CA, the area surrounding the property offers a diverse and lively community perfect for multifamily/low-rise/garden investors. Long Beach boasts a range of attractions and amenities, including the stunning El Dorado East Regional Park, the lively Long Beach Towne Center, and proximity to the picturesque Colorado Lagoon. Residents and investors alike can also enjoy the nearby Bixby Knolls neighborhood, known for its charming shopping and dining experiences. With convenient access to major transportation routes and a thriving local economy, the area presents an exciting opportunity for multifamily/low-rise/garden investment.The 64th Street Apartments offer an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy covered parking, gated access and an on-site laundry room. The city of Long Beach has become one of the Southland’s strongest rental markets, in part due to its central location and rapidly improving neighborhoods. It’s diverse economy includes shipping, trade, manufacturing, tourism, healthcare and education. It is home to California State University Long Beach and one of the busiest ports in the world with The Port of Long Beach.
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Highlights

  • Excellent North Long Beach Location Across From Jordan High School & Houghton Park
  • Priced at $180,000/Unit & $282/SF
  • 10.08 GRM & 6.8% Cap Rate on Current Income
  • 7.87 GRM & 9.5% Cap Rate on Market Rents
  • First Time on the Market in Decades

Contacts

broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

Location

Getting Around

  • Walk Score ®

    72/100 Very Walkable

  • Transit Score ®

    47/100 Some Transit

  • Bike Score ®

    78/100 Very Bikeable
Powered by Walk Score ®
  • City Long Beach, CA
  • Neighborhood DeForest Park
  • Zip Code 90805
  • Market Los Angeles

Points of Interest

  • Del Amo

    2.11 miles

  • Wardlow

    3.57 miles

  • Long Beach Boulevard

    3.96 miles

  • Willowbrook/Rosa Parks

    4.95 miles

  • Pacific Coast Highway

    5.63 miles

  • 103rd Street/Watts Towers

    5.93 miles

  • Avalon

    5.97 miles

  • Anaheim Street

    6.15 miles

  • 5th Street

    6.74 miles

  • Pacific Avenue

    6.83 miles

  • Valero

    0.70 miles

  • Chevron

    1.05 miles

  • Mobil

    1.05 miles

  • Circle K

    1.13 miles

  • Arco

    1.27 miles

  • Petro Bras

    1.66 miles

  • 76

    1.70 miles

  • EVgo

    3.02 miles

  • eVgo

    3.70 miles

  • Blink

    4.66 miles

  • Visitor Parking

    1.54 miles

  • Metro Park and Ride

    2.13 miles

  • parking structure

    2.88 miles

  • Frontier Parking

    3.30 miles

  • visitor parking

    3.75 miles

  • Long Beach Motel

    1.04 miles

  • Crystal Casino & Hotel

    1.98 miles

  • Motel 6

    2.10 miles

  • Royalty Inn

    2.37 miles

  • Artesia Motor Inn

    2.45 miles

  • Bellflower Travel Inn

    2.74 miles

  • Lucky Lodge Motel

    2.94 miles

  • Rodeway Inn & Suites

    2.98 miles

  • Hotel Salina

    3.00 miles

  • Sunshine Motel

    3.03 miles

  • Louisiana Chicken

    0.21 miles

  • Subway

    0.22 miles

  • McDonald's

    0.22 miles

  • Carl's Jr.

    0.27 miles

  • Wendy's

    0.28 miles

  • Robert Earl's BBQ

    0.32 miles

  • KS Donuts

    0.58 miles

  • Lee's Sandwiches

    1.08 miles

  • Jack in the Box

    1.09 miles

  • Douglas Char-broiled Burger

    1.11 miles

  • David Starr Jordan High School

    0.19 miles

  • Grant Elementary School

    0.63 miles

  • Saint Johns School

    0.67 miles

  • Hamilton Middle School

    0.79 miles

  • Starr King School

    0.91 miles

  • Saint Athanasius School

    1.16 miles

  • Harte Elementary School

    1.17 miles

  • Lindbergh Middle School

    1.22 miles

  • Addams Elementary School

    1.27 miles

  • Leona Jackson Middle School

    1.29 miles

  • Artesia Head Start

    0.83 miles

  • The Learning Box Childcare & Enrichment Center Inc

    1.80 miles

  • Oak Wood Academy

    2.94 miles

  • Rancho Los Amigos Daycare

    4.04 miles

  • injoy life

    4.17 miles

  • Montessori Academy of Downey

    5.78 miles

  • Locke Early Education Center

    6.46 miles

  • A Village Child Care

    6.56 miles

  • Great Beginnings

    7.07 miles

  • Codela Pre-School

    7.11 miles

Frequently Asked Questions

How much does 64th Street Apartments cost?

The space currently listed for sale at 64th Street Apartments asks for $2,880,000.

What is the total square footage of 64th Street Apartments?

64th Street Apartments totals 10,194 square feet.

When was this property built?

64th Street Apartments was built in 1960.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

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