1110 E Salt Lake Street is a 5 unit apartment building located in Long Beach, California. Constructed in 1960, the subject property contains 3,858 rentable square feet that is placed on a 5,227 square foot lot. The existing units consist of (4) 2 Bed + 1 Bath units and (1) 1 Bed + 1 Bath units.
Situated just a couple blocks North of Pacific Coast Highway, a major thoroughfare in Long Beach, the property benefits from its convenient location. The property is also positioned between the Orange and Martin Luther King Jr. Blocks. 1110 E Salt Lake Street’s proximity to various forms of public transportation offers residents convenient options for commuting and traveling around the city. This accessibility to public transit can be particularly beneficial for those who prefer not to drive or wish to reduce their reliance on personal vehicles. The property enjoys easy access to several major freeways including the 710, 110, and 405 Freeways, providing convenient routes for those commuting to other parts of Long Beach or even to neighboring cities within the greater Los Angeles area. This accessibility to major roadways enhances the property's connectivity and makes it more convenient for residents who need to travel by car.
The property offers economically friendly units that are perfect for the working-class individuals that value being centrally located to all business sectors of Downtown Long Beach, Alamitos Beach, and Downtown Los Angeles. Long Beach has provided a historically strong tenant occupancy, which makes filling vacancies effortless. The City of Long Beach attracts a diverse population of tenants due to its strong growing economy, plethora of music festivals, cultural celebrations, and sporting events.
The subject property is attractive to a wide tenant pool because it contains an attractive unit type. 2-bedroom apartments with 1 bathroom appeal to a broad range of tenants, including small families, couples, and roommates. This versatility increases the chances of finding suitable tenants quickly, reducing vacancies and maximizing rental income.
1110 E Salt Lake Street is an exceptional investment opportunity for those looking to acquire a quality multi-family property in Long Beach. With its attractive design, convenient location, and functional units, this apartment building is sure to be a desirable destination for renters and a smart investment for its owner.