433 Nebraska Ave - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$3,600,000 USD
310-463-2916
433 Nebraska Ave, Long Beach, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

433 Nebraska Ave
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • All Units Meticulously Renovated with the Highest Market Standards
  • Washer/Dryer in All Units
  • New Roof Installed in 2024
  • New Electrical Subpanels, Plugs & Switches in All Units
  • Adjacent to Highly Desirable Retro Row Neighborhood

OVERVIEW

Located just steps from Long Beach’s vibrant 4th Street/Retro Row corridor, 433 Nebraska Avenue is a beautifully renovated 11-unit apartment asset offering an exceptional investment opportunity in a prime rental market. The property consists of (8) 1BD/1BA units, (2) 2BD/1BA units, and (1) 2BD/2BA unit. All units have been upgraded to top-tier market standards and feature bright, open floor plans, in-unit washer/dryers, and high-end finishes. Residents enjoy shared upper and lower outdoor community lounge areas, along with seven garages and one surface parking space. Recent capital improvements include: new roof installed in 2024 as well as new electrical subpanels, plugs, and switches in all units. This turnkey asset combines high-quality renovations, desirable amenities, and assumable financing—making it a compelling opportunity for investors seeking stable income in one of Long Beach’s most dynamic submarkets.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$481 USD /SF

# OF UNITS

11

PRICE/UNIT

$327,273

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,710 SF

ZONING

RR3T, Long Beach

APN/PARCEL ID

7266-015-009

ASK ABOUT THIS PROPERTY

Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

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Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

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