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Listed by Yu Ooka • West Shores Realty, Inc.
$3,400,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB-26195965
Year Built 1908
Annual Tax Amount $25,000
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Fully remodeled and 100% occupied 12-unit multifamily investment opportunity in Long Beach. Originally a 10-unit property, two additional ADUs have been added, bringing the property to a total of 12 units.
The property has been comprehensively renovated and is fully leased, providing investors with immediate in-place income and no renovation program required. With the improvements already completed, a new owner can benefit from a turnkey asset with minimal near-term maintenance and capital expenditure concerns.
All 12 units feature in-unit laundry, providing a highly desirable tenant amenity and enhancing the property's long-term marketability.
With 12 fully rented units, completed renovations, and stabilized cash flow from day one, 911 Pacific Ave offers an attractive opportunity for investors seeking a turnkey multifamily asset in Long Beach.
The property has been comprehensively renovated and is fully leased, providing investors with immediate in-place income and no renovation program required. With the improvements already completed, a new owner can benefit from a turnkey asset with minimal near-term maintenance and capital expenditure concerns.
All 12 units feature in-unit laundry, providing a highly desirable tenant amenity and enhancing the property's long-term marketability.
With 12 fully rented units, completed renovations, and stabilized cash flow from day one, 911 Pacific Ave offers an attractive opportunity for investors seeking a turnkey multifamily asset in Long Beach.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry Inside
Building
Lot Description 11-15 Units/Acre
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900