A remarkable 12 units income property in downtown Long Beach. Located in the PD30 Zone, where there are many benefits provided from the city as an investor. A meticulously crafted twelve-unit apartment complex that beckons astute investors and visionary minds, to either hold the property for long term investment or to develop into more multi units for increase in profitability. Encompassing a sprawling 12,537 square foot parcel, with an impressive 6,793 square feet of thoughtfully designed of rentable space, 2 side by side apartment buildings, equipped with long term tenants, fresh landscaping, lots of room for rent increase, as rent hasn't been raised in many years. Plenty of parking available, this property enjoys proximity to an array of urban conveniences, easy access to amenities, entertainment, freeways, and transportation hubs, only minutes away from the beach. Long Beach has big plans to develop all of downtown by 2028. Don't miss your opportunity to own this land as it could be worth multiple times more in the nearest future.
OC24076227
Commercial - Multi-Family, Business Opportunities, 1 Story
Los Angeles
0.2877
Acres
Public
1
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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