2075 E Broadway - Apartments FOR SALE


Long Beach, CA 90803- Belmont Heights
$8,300,000 USD
562-512-0996
2075 E Broadway, Long Beach, CA for Sale
$8,300,000 USD
Apartments - FOR SALE
1/19
null | 5.23% Cap Rate

2075 E Broadway
Long Beach, CA 90803
Belmont Heights


HIGHLIGHTS

  • Prime Alamitos Beach Location: Located in Alamitos Beach on the border of Bluff Heights and overlooking Bixby Park
  • Walker’s Paradise: With a Walk Score of 92, residents enjoy immediate access to shopping, dining, nightlife, the beach, and cultural attractions
  • Value-Add Opportunity: The portfolio offers a rare 20%+ upside in rents, creating a phenomenal opportunity in a high-demand coastal market
  • Recent Renovations Completed: Both properties have recently been upgraded with all new electrical panels and select units receiving various upgrades

OVERVIEW

Lyon Stahl is pleased to present two exceptionally located multifamily investment opportunities in the highly desirable Alamitos Beach neighborhood of Long Beach, CA. The properties, situated side by side at 2067 and 2075 E Broadway, offer an irreplaceable location overlooking Bixby Park along one of the most sought-after corridors in the city—just blocks from the beach and surrounded by vibrant dining, shopping, and entertainment. 2067 E Broadway was built in 1954 and consists of 16 units across 8,156 square feet of rentable space. The well-balanced unit mix includes (1) 2 Bed / 2 Bath, (1) 2 Bed / 1.5 Bath, (12) 1 Bed / 1 Bath, and (2) Studios. The property has recently received new flooring, new electrical panels and fresh paint, offering immediate appeal for both tenants and investors. 2075 E Broadway, built in 1946, consists of 20 well-appointed units totaling 11,424 rentable square feet. The mix is comprised of (6) 1 Bed / 1 Bath units and (14) Studios. Like its neighbor, this property benefits from recent cosmetic upgrades including new flooring, new electrical panels and paint, enhancing its rentability and long-term value. The properties boast a Walk Score of 92 (“Walker’s Paradise”), placing residents within steps of trendy restaurants, boutique shopping, coffee houses, and entertainment venues. Nearby attractions include the Long Beach Museum of Art, Shoreline Village, Alamitos Beach, and the Broadway Corridor’s nightlife and dining scene. Tenants also enjoy convenient access to major employment hubs, Downtown Long Beach, and freeway connectivity to greater Los Angeles and Orange County. Together, 2067 and 2075 E Broadway represent a rare portfolio acquisition in one of the most desirable and supply-constrained rental markets in Southern California. With strong in-place fundamentals, upside potential, and an unmatched location, these properties present a phenomenal opportunity for a new buyer seeking to expand their portfolio in a high-demand coastal market.

FOR SALE DETAILS

PRICE

$8,300,000 USD

PRICE/SF

$1,018 USD /SF

# OF UNITS

36

PRICE/UNIT

$230,556

CAP RATE

5.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2067-2075 E Broadway

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,837 SF

ZONING

R2N, Long Beach

APN/PARCEL ID

7263-007-040,7263-007-041

ASK ABOUT THIS PROPERTY

Ryan GonzalezLyon Stahl Investment Real EstateMore Info
562-512-0996

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Ryan GonzalezLyon Stahl Investment Real EstateMore Info
562-512-0996

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