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Key Details
Sold Price $982,000
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 3,329 sqft
Price per Sqft $294
MLS Listing ID CRSB25146071
Sold Date 12/09/25
HOA Y/N No
Year Built 1952
Lot Size 6,502 Sqft
Acres 0.15
Property Sub-Type Comm Ind For Sale
Property Description
We are proud to present a prime multifamily investment opportunity located in the heart of the vibrant Zaferia Design District. This well-positioned asset offers unbeatable access to local staples such as Joe Jost's, the Traffic Circle, Recreation Park, and more. The property features a desirable unit mix consisting of one spacious 2-bedroom/1-bath unit and four well-maintained 1-bedroom/1-bath units, appealing to a broad and stable tenant base. Financial performance is strong, with a current CAP rate of 5.37% and a 11.09 GRM-both projected to improve to a 6.36% CAP and 9.91 GRM following scheduled rent increases. With five dedicated parking spaces and an unbeatable location, this property offers a rare blend of consistent income, future upside, and long-term value in one of Long Beach's most dynamic neighborhoods.
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
Total Parking Spaces 5
Building
New Construction No
Others
Tax ID 7260018010
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with PrashantSampat