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$ 4,250,000
$ 4,600,000 7.6%
Est. payment | /mo
1 Bed
2 Baths
7,433 Sqft Lot
$ 4,250,000
$ 4,600,000 7.6%
Est. payment | /mo
1 Bed
2 Baths
7,433 Sqft Lot
Key Details
Sold Price $4,250,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW26079820
Bedrooms 1
Lot Size 7,433 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present two exceptionally located multifamily investment opportunities in the highly desirable Alamitos Beach neighborhood of Long Beach, CA. The properties, situated side by side at 2067 and 2075 E Broadway, offer an irreplaceable location overlooking Bixby Park along one of the most sought-after corridors in the cityjust blocks from the beach and surrounded by vibrant dining, shopping, and entertainment. 2075 E Broadway, built in 1946, consists of 20 well-appointed units totaling 11,424 rentable square feet. The mix is comprised of (6) 1 Bed / 1 Bath units and (14) Studios. Like its neighbor, this property benefits from recent cosmetic upgrades including new flooring, new electrical panels and paint, enhancing its rentability and long-term value. The properties boast a Walk Score of 92 (Walkers Paradise), placing residents within steps of trendy restaurants, boutique shopping, coffee houses, and entertainment venues. Nearby attractions include the Long Beach Museum of Art, Shoreline Village, Alamitos Beach, and the Broadway Corridors nightlife and dining scene. Tenants also enjoy convenient access to major employment hubs, Downtown Long Beach, and freeway connectivity to greater Los Angeles and Orange County. Together, 2067 and 2075 E Broadway represent a rare portfolio acquisition in one of the most desirable and supply-constrained rental markets in Southern California. With strong in-place fundamentals, upside potential, and an unmatched location, these properties present a phenomenal opportunity for a new buyer seeking to expand their portfolio in a h
Location
State CA
County Los Angeles
Zoning Public Rec
Exterior
View Y/N No
Building
Story 2
Others
Acceptable Financing Cash
Listing Terms Cash
Listed by Ryan Gonzalez, DRE#01874815 Lyon Stahl Investment Real Est
Co-listed byJerry Scanlan • Pacific Coast Realty
Bought with Ryan Gonzalez Lyon Stahl Investment Real Est
Co-listed byJerry Scanlan • Pacific Coast Realty
Bought with Ryan Gonzalez Lyon Stahl Investment Real Est
NEARBY SCHOOL & BUSINESS