Description
This prime 12-unit apartment complex in Downtown Long Beach offers exceptional investment potential. Located in the PD30 Zone, the property benefits from favorable city incentives and provides opportunities for both long-term holding and redevelopment into additional multi-units. Spanning a 12,537 sqft lot with 6,793 sqft of living space, the complex features two side-by-side buildings and is currently occupied by long-term tenants, presenting ample room for rent increases. Situated just minutes from the beach, with easy access to amenities, entertainment, freeways, and transportation hubs, the property is strategically positioned for growth. With Long Beachs plans to revamp downtown by 2028, this asset could see its value multiply up to ten times, making it a highly desirable and valuable investment opportunity.
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0BEDS
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0.29ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This prime 12-unit apartment complex in Downtown Long Beach offers exceptional investment potential. Located in the PD30 Zone, the property benefits from favorable city incentives and provides opportunities for both long-term holding and redevelopment into additional multi-units. Spanning a 12,537 sqft lot with 6,793 sqft of living space, the complex features two side-by-side buildings and is currently occupied by long-term tenants, presenting ample room for rent increases. Situated just minutes from the beach, with easy access to amenities, entertainment, freeways, and transportation hubs, the property is strategically positioned for growth. With Long Beachs plans to revamp downtown by 2028, this asset could see its value multiply up to ten times, making it a highly desirable and valuable investment opportunity.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-15T15:29:40.957. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Ramos Group | Keller Williams High Desert. Licensed in the State of California, USA.