Price Reduced Listing8-unit apartment building in Long Beach's highly desirable Eastside/Rose Park submarket, offered at a 6.43% current cap rate. Built in 1987, the property features an all 2-bed/2-bath unit mix, a rare configuration in Long Beach's small multifamily market, with private balconies, dishwashers, and individual water heaters in every unit. Upstairs units feature 11+ ft vaulted ceilings. Fully occupied with stable in-place income and rent upside under AB 1482. 12 on-site garage spaces (1.5/unit), on-site laundry, new roof and exterior paint in 2025, and separately metered gas and electricity. Post-1980 vintage insulates buyers from costly retrofit exposure common in the city's older stock. Minutes from Retro Row, Belmont Shore, and the 405/605/22 freeways.
| MLS # | SB26099694 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1987 |
| Days On Site | 158 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Christopher Van Vuuren |
| SQ Feet | 6,336 |
|---|---|
| Garage | 12 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Acreage | 0.15 |
| Lot Features | Rectangular Lot |
|---|
| Garage Yes / No | Yes |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90804 |
| Area | 3 Eastside | Circle Area |
| Community Name | Eastside (ES) |
| Listing VS Median (in Eastside (ES)) | |
Price: $2,190,000 low | high Med: $1,460,000 sqft: 6,336 low | high Med: 3,410 $ / sqft: $346 low | high Med: $432 On site: 158 low | high Med: 157.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90804 |
| Area | 3 Eastside | Circle Area |
| Community Name | Eastside (ES) |
| Listing VS Median (in Eastside (ES)) | |
Price: $2,190,000 low | high Med: $1,460,000 sqft: 6,336 low | high Med: 3,410 $ / sqft: $346 low | high Med: $432 On site: 158 low | high Med: 157.5 | |
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