953 E Carson St - Apartments FOR SALE


Long Beach, CA 90807- Bixby Knolls
$1,605,000 USD
424-405-3826
953 E Carson St, Long Beach, CA for Sale
$1,605,000 USD
Apartments - FOR SALE
1/11
null | 5.28% Cap Rate

953 E Carson St
Long Beach, CA 90807
Bixby Knolls


HIGHLIGHTS

  • Well-maintained six-unit apartment building in Long Beach’s affluent Bixby Knolls neighborhood
  • Desirable mix of 3 2BD/1BA and 3 1BD/1BA units with interiors that blend period charm like hardwood floors and built-ins with select upgrades
  • Property features four single-car garages and laundry facilities
  • 20 Percent potential upside in rents
  • Proximate to Virginia Country Club, walkable to Atlantic Avenue dining options, less than a mile to a Trader Joe’s and other popular retailers

OVERVIEW

Marcus & Millichap is pleased to present to market 953 East Carson Street, a six-unit apartment building in Long Beach’s desirable Bixby Knolls neighborhood. Situated on a corner lot at the intersection of Carson Street and California Avenue, this well-maintained asset boasts attractive curb appeal, a desirable mix of three two-bed/one-bath and three one-bed/one-bath units, four single-car garages, and laundry facilities. The property is a 1948 construction that blends period charm, including hardwood floors and built-ins, with select interior upgrades. 953 East Carson Street is conveniently near popular retailers and restaurants, walkable to Atlantic Avenue dining options (Jamba Juice, Coffee Bean, Lola’s, and more) and less than a mile to Trader Joe’s. This location also offers convenient freeway proximity, with the 405 Freeway less than five minutes away. With an average household income over $137,000, this neighborhood has a strong tenant base. Current rents are 20 percent below market, offering a new investor meaningful upside potential in a desirable neighborhood.

FOR SALE DETAILS

PRICE

$1,605,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

6

PRICE/UNIT

$267,500

CAP RATE

5.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LBR3S

APN/PARCEL ID

7138-011-012

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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