3245 E Wilton St - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,395,000 USD
714-299-6746
3245 E Wilton St, Long Beach, CA for Sale
$1,395,000 USD
Apartments - FOR SALE
1/9
null | 5.31% Cap Rate

3245 E Wilton St
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Approved Plans for (3) Brand-New ADU Units- Shovel Ready!
  • Rare Cottage-Style Single Story Construction
  • Strong In-place CAP Rate with Upside Potential
  • Ample Parking with (3) Garages and (1) Uncovered Space
  • No Rent Control (Only AB1482)
  • Privately Gated Garden-Style Community

OVERVIEW

The Swanson Apartment Team is pleased to present The Wilton Courtyard, a 5-unit multifamily investment opportunity located at 3245 E Wilton Street in Long Beach’s highly desirable Eastside submarket. A key value-add component is the property’s approved ADU plans for 3 additional units, providing an investor with a shovel-ready development opportunity and the potential to expand the asset to 8 total units. The existing 5-units offers a stable in-place multifamily investment with additional upside through the execution of the approved ADU plans. The combination of existing cash flow and a defined unit-addition strategy provides investors with an opportunity to increase unit count, enhance overall income, and create additional value through the expansion of the existing asset. The Wilton Courtyard is strategically positioned near Belmont Shore, 2nd Street, Retro Row, Broadway, and Downtown Long Beach—established areas that benefit from strong renter demand and proximity to the coast. Residents enjoy convenient access to restaurants, retail, entertainment, parks, and recreation, with the beach just minutes away. The property also offers excellent regional connectivity via the 405 and 710 Freeways, providing convenient access throughout Long Beach, Los Angeles, and Orange Counties. With 5 existing units, approved plans for 3 additional ADUs, and a strong coastal Long Beach location, The Wilton Courtyard presents investors with an opportunity to acquire an existing income-producing asset with a clearly defined path to increasing density and long-term value.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$547 USD /SF

# OF UNITS

5

PRICE/UNIT

$279,000

CAP RATE

5.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Approved ADU Plans

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LBR2N

APN/PARCEL ID

7259-004-007

ASK ABOUT THIS PROPERTY

Michael BourasStream Realty Partners, LPMore Info
714-299-6746

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Michael BourasStream Realty Partners, LPMore Info
714-299-6746

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