290 W 19th St - Multi-Family FOR SALE


Long Beach, CA 90806- Wrigley
$875,000 USD
310-982-7055
290 W 19th St, Long Beach, CA for Sale
$875,000 USD
Multi-Family - FOR SALE
1/12
null | 3.4% Cap Rate

290 W 19th St
Long Beach, CA 90806
Wrigley


HIGHLIGHTS

  • Close proximity to the 710, 405, & 91 freeways and public transportation options including the Metro Blue Line with direct access to DTLB.
  • Approximately 2 miles to the Long Beach Civic Center, Shoreline Village, and the waterfront district offering a wide range of dining, and shopping.
  • Nearby access to recreational amenities like Cesar E. Chavez Park, the Wrigley Greenbelt, Lincoln Park and the L.A. River bike path.

OVERVIEW

Charming 3-unit property in the desirable South Wrigley neighborhood • One 2-bedroom unit and two 1-bedroom units • Priced at a 15.33 GRM • Approximately 10% income growth potential to reach a market GRM of 13.6 • 2-bedroom unit has no shared walls, includes a 1-car garage with laundry, and features a spacious private back patio • Each 1-bedroom unit shares only one wall, includes a dedicated laundry/storage room with separate entrance, and had plumbing replaced in 2019 • All units have double paned windows, new heaters, and have been earthquake retrofitted • Individual electric and gas meters for each unit reduce owner expenses • Located in an opportunity zone • Property presents immediate value and future growth potential

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$438 USD /SF

# OF UNITS

3

PRICE/UNIT

$291,667

CAP RATE

3.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

PARKING SPACES

3

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LBR2N

APN/PARCEL ID

7209-022-001

ASK ABOUT THIS PROPERTY

Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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