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Key Details
Sold Price $982,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25165993
Sold Date 12/08/25
Bedrooms 4
Lot Size 6,502 Sqft
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash,Conventional,Exchange
Property Type Res Income 2-4 Units
Property Description
We are proud to present a prime multifamily investment opportunity located in the heart of the vibrant Zaferia Design District. This well-positioned asset offers unbeatable access to local staples such as Joe Josts, the Traffic Circle, Recreation Park, and more. The property features a desirable unit mix consisting of one spacious 2-bedroom/1-bath unit and four well-maintained 1-bedroom/1-bath units, appealing to a broad and stable tenant base. Financial performance is strong, with a current CAP rate of 5.37% and a 11.09 GRMboth projected to improve to a 6.36% CAP and 9.91 GRM following scheduled rent increases. With five dedicated parking spaces and an unbeatable location, this property offers a rare blend of consistent income, future upside, and long-term value in one of Long Beachs most dynamic neighborhoods.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Head east on Valley Dr toward Pacific Ave 105 ft Turn right at the 1st cross street onto Pacific Ave 131 ft Slight left onto Mar
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7260018010
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
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Bought with Prashant Sampat Pacific Avenue Realty
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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