1913 E Broadway - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,995,000 USD
818-850-8802
1913 E Broadway, Long Beach, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/17
null | 5.23% Cap Rate

1913 E Broadway
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Blocks from the beach
  • Multi-family in Long Beach
  • Lot of additional upside

OVERVIEW

Located just blocks from the ocean, 1913 Broadway offers 12 units with incredible upside potential. This charming, well-located property is within walking distance to shops, restaurants, and all that Downtown Long Beach has to offer. With a strong rental market and increasing demand for well-located housing, there’s significant potential to increase cash flow through renovations and strategic improvements. Whether you’re a seasoned investor or looking to grow your portfolio, this is a rare chance to own a multifamily asset in one of Long Beach’s most vibrant and walkable neighborhoods. Only 4 units have been upgraded, plus the property currently has 2 vacancies for an instant value-add opportunity.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

12

PRICE/UNIT

$166,250

CAP RATE

5.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,488 SF

ZONING

LBR2N

APN/PARCEL ID

7275-019-029

ASK ABOUT THIS PROPERTY

Trey BallardBallard & Ballard Real Estate Group - eXp RealtyMore Info
818-850-8802

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Trey BallardBallard & Ballard Real Estate Group - eXp RealtyMore Info
818-850-8802

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