Multi-Family 16 Unit Apartment Community - N Long Beach CA

477 E South St, Long Beach, CA 90805

  • For Sale $4,400,000
  • Property Type Multi-Family
  • Property Size 9,840 SF
  • Units 16
  • Lot Size 0.24 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1961
  • Date Updated Nov 14, 2024
North Long Beach near Atlantic Avenue.Invest in north Long Beach and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.05% at 100% occupancy, and significant rent upside. 3 units are vacant and ready for market-rent tenants, and all existing tenants are on month-to-month leases. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels (main and subs), and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed used development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways. For more information, execute this NDA https://www.jotform.com/sign/243155061138046/invite/01jce5asjq6f0d8b9b98ab2244.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Sam Griffin, CBI

eXp Commercial

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Transit Score ®

    44/100 Some Transit

  • Bike Score ®

    64/100 Bikeable
Powered by Walk Score ®
  • City Long Beach, CA
  • Neighborhood DeForest Park
  • Zip Code 90805
  • Market Los Angeles

Points of Interest

  • Del Amo

    1.63 miles

  • Wardlow

    2.85 miles

  • Long Beach Boulevard

    4.66 miles

  • Pacific Coast Highway

    4.90 miles

  • Anaheim Street

    5.42 miles

  • Willowbrook/Rosa Parks

    5.56 miles

  • 5th Street

    6.01 miles

  • Pacific Avenue

    6.10 miles

  • Avalon

    6.47 miles

  • 103rd Street/Watts Towers

    6.55 miles

  • 76

    1.02 miles

  • Valero

    1.36 miles

  • Chevron

    1.41 miles

  • Shell

    1.44 miles

  • Mobil

    1.44 miles

  • Arco;Am pm

    1.45 miles

  • 7-Eleven

    1.59 miles

  • Arco

    1.66 miles

  • EVgo

    2.78 miles

  • eVgo

    2.97 miles

  • Metro Park and Ride

    1.64 miles

  • Visitor Parking

    1.75 miles

  • parking structure

    2.15 miles

  • Frontier Parking

    2.64 miles

  • visitor parking

    3.05 miles

  • Long Beach Motel

    0.32 miles

  • Crystal Casino & Hotel

    2.20 miles

  • Hotel Salina

    2.26 miles

  • Sunshine Motel

    2.30 miles

  • Motel 6

    2.35 miles

  • Royalty Inn

    2.56 miles

  • Artesia Motor Inn

    2.64 miles

  • Bellflower Travel Inn

    3.08 miles

  • Village Hotel apts

    3.23 miles

  • Courtyard

    3.31 miles

  • Los Eduardo's

    0.67 miles

  • Louisiana Chicken

    0.94 miles

  • Subway

    0.94 miles

  • McDonald's

    0.95 miles

  • Carl's Jr.

    1.00 miles

  • Wendy's

    1.01 miles

  • Robert Earl's BBQ

    1.01 miles

  • Bebe's Diner

    1.03 miles

  • KS Donuts

    1.11 miles

  • Douglas Char-broiled Burger

    1.14 miles

  • Saint Athanasius School

    0.43 miles

  • Lindbergh Middle School

    0.55 miles

  • Addams Elementary School

    0.58 miles

  • Harte Elementary School

    0.86 miles

  • David Starr Jordan High School

    0.87 miles

  • Dooley Elementary School

    0.98 miles

  • Grant Elementary School

    1.02 miles

  • Barton Elementary

    1.09 miles

  • Perry Lindsey Academy

    1.15 miles

  • Saint Johns School

    1.22 miles

  • Artesia Head Start

    1.06 miles

  • Oak Wood Academy

    2.21 miles

  • The Learning Box Childcare & Enrichment Center Inc

    2.53 miles

  • injoy life

    4.27 miles

  • Rancho Los Amigos Daycare

    4.72 miles

  • A Village Child Care

    5.90 miles

  • Great Beginnings

    6.37 miles

  • Montessori Academy of Downey

    6.45 miles

  • Locke Early Education Center

    6.97 miles

  • Codela Pre-School

    7.84 miles

Frequently Asked Questions

How much does Multi-Family 16 Unit Apartment Community - N Long Beach CA cost?

The space currently listed for sale at Multi-Family 16 Unit Apartment Community - N Long Beach CA asks for $4,400,000.

What is the total square footage of Multi-Family 16 Unit Apartment Community - N Long Beach CA?

Multi-Family 16 Unit Apartment Community - N Long Beach CA totals 9,840 square feet.

When was this property built?

Multi-Family 16 Unit Apartment Community - N Long Beach CA was built in 1961.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Sam Griffin, CBI

eXp Commercial