1050 E Hellman St - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,497,000 USD
562-283-8107
1050 E Hellman St, Long Beach, CA for Sale
$1,497,000 USD
Apartments - FOR SALE
1/22
null | 5.94% Cap Rate

1050 E Hellman St
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Turnkey, well maintained property with upgraded electrical & panels, newer 75-gallon water heater, new ABS sewer lines, new roof on rear building.
  • Ease of ownership - easy to manage and virtually no grounds work. 4 remote control garages and storage units available.
  • Refreshed interiors with Cesar stone kitchen counters, luxury vinyl floors, wall heaters, and portable A/C in all units

OVERVIEW

This well-maintained and upgraded 6-unit property is a turnkey multi-family investment opportunity. Located in one of Long Beach's sought-after rental markets, this property offers 2 quality buildings on one lot totaling approximately 3,542 SF of living space on a generous 4,240 SF lot. Front building is 4 one-bedroom, one bath units and the rear building has 2 one-bedroom, one bath units over four single-car garages. Property has undergone significant improvements including upgraded electrical and panels, new ABS sewer lines, remote-controlled garage doors, a new roof on the rear building, foundation fortification, new 75-gallon water heater, and refreshed interiors with stainless steel stoves. Cesar stone kitchen counters, luxury vinyl floors, wall heaters, and portable A/C in all units. This is a solid fit for an investor seeking an easy-to-manage asset with garages and virtually no grounds work. What distinguishes this offering is the scale, proximity to everyday conveniences, and ease of ownership - a rare combination.

FOR SALE DETAILS

PRICE

$1,497,000 USD

PRICE/SF

$423 USD /SF

# OF UNITS

6

PRICE/UNIT

$249,500

CAP RATE

5.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

LBR2N

APN/PARCEL ID

7266-004-047

ASK ABOUT THIS PROPERTY

Kathie SittonCompassMore Info
562-283-8107

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Kathie SittonCompassMore Info
562-283-8107

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.