$20k/month with One 2 bed 2 bath unit is vacant!! Actual Rents bring the building to 6% cap rate with the vacant unit. If vacant unit is rented at $2,500/month, cap rate jumps to 7%. Opportunity to own a well-maintained 12-unit income property located in the desirable city of Long Beach. This property features an excellent unit mix consisting of eight 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units, offering strong rental appeal and long-term investment potential. The spacious unit layouts provide desirable living arrangements for tenants, with a mix that appeals to a wide range of renters.
Conveniently located near shopping, dining, entertainment, public transportation, and major freeways, this property offers accessibility and convenience for residents. An excellent opportunity for investors seeking a multifamily asset in a highly sought-after Long Beach rental market.
Sold for $2,675,000
Zillow last checked:
Listing updated:
Bought with:
Cameron Samimi, DRE #02035763
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: DW26165133
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Pending sale | $2,999,999+12.1%$332/sqft |
Source:  CRMLS #DW26165133 Report a problem | ||
| 9/14/2026 | Sold | $2,675,000-10.8%$296/sqft |
Source: CRMLS #DW26165133 Report a problem | ||
| 7/29/2026 | Listed for sale | $2,999,999$332/sqft |
Source: CRMLS #DW26165133 Report a problem | ||
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Estimated market value
$2,673,200
