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6974 Long Beach Blvd, Long Beach, CA 90805
0 Beds
0 Baths
n/a sqft

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6974 Long Beach Boulevard, is a 27-unit multifamily investment property located in Long Beach, California. The property is located on Long Beach Boulevard, North of State Route 91 and South of Alondra Boulevard. The property also has easy access to the 710 Long Beach Freeway, Interstate 105 and State Route 91, providing residents with convenient access to Los Angeles County. The 17,703 square foot property consists of (18) one bedroom/one bathroom and (9) two bedroom/one bathroom floorplans. Built in 1965, the property sits on a .62 acre parcel and offers amenities including garage parking, on-site laundry, secured entrance and parking. In addition, the units are individually metered for gas and electricity and have individual hot water heaters. Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beachs world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California's most desirable and versatile markets. Given the strength of the overall apartment market within the city of Long Beach, 6974 Long Beach Blvd offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities.
  • Price:
  • $6,425,000
  • Acreage:
  • 0.62
  • Year Built:
  • 1965
  • Listing ID #:
  • CV19206101
  • Street Address:
  • 6974 Long Beach Blvd
  • City:
  • Long Beach
  • State:
  • California
  • Postal Code:
  • 90805
  • County:
  • Los Angeles
  • Community:
  • Not Defined
  • Listing Status:
  • Active
  • Number Of Units:
  • 27
  • Total # Of Buildings:
  • 2
  • Year Built:
  • 1965
  • Year Built Source:
  • Public Records
  • Annual Electric Expenses:
  • 2001.00
  • Annual Insurance Expenses:
  • 6103.00
  • Annual Maintenance Expenses:
  • 23190.00
  • Annual Trash Expenses:
  • 2316.00
  • Annual Water/Sewer Expenses:
  • 5542.00
  • Expenses:
  • 155821.00
  • Gross Income:
  • 453132.00
  • Net Operating Income:
  • 297311.00
  • Operating Expense:
  • 155821.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lbr3s
  • Lot Features:
  • 26-30 Units/Acre
  • Lot Square Footage:
  • 26879.00
  • Community Features:
  • Curbs
  • Price Per Square Foot:
  • 362.93
  • Laundry:
  • 1
  • Laundry Description:
  • Common Area
  • Garage Parking Spaces:
  • 27.00
  • Parking Spaces:
  • 27.00
  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By David Covarrubias of Marcus & Millichap
  • CRMLS

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