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Executive Summary

Windmill Creek:
Windmill Creek Apartments offers a rare opportunity to execute a proven value-add strategy in the surging North Long Beach submarket. With 139 units across a 3-story, Class B low-rise built in 1988, the property is primed for modernization to attract Millennial renters seeking quality living at attainable price points. Ownership has already demonstrated rent premiums through partial unit upgrades. A comprehensive renovation program — including quartz countertops, stainless steel appliances, and exterior amenity enhancements — will elevate the property to “Best in Class” status, increase rental income, and enhance long-term asset value.

Casa Del Cerro:
Casa Del Cerro Apartments offers a unique opportunity to reposition a well-located multifamily asset in the heart of Long Beach’s Wrigley neighborhood. With 31 units across a two-story, garden-style building, the property blends suburban charm with urban accessibility, making it an attractive option for renters seeking convenience and comfort. The asset’s vintage character and spacious layouts provide a strong foundation for a thoughtful renovation strategy. By enhancing interiors and refreshing common areas, investors can unlock meaningful upside while aligning the property with evolving renter expectations. Surrounded by major transit corridors, employment centers, and neighborhood amenities, Casa Del Cerro is well-positioned to benefit from continued demand in one of Long Beach’s most stable residential pockets.
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Property Facts

Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 187,071 SF
Total Land Area 3.01 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Windmill Creek Apartments
5555 N Long Beach Blvd, Long Beach, CA 90805
Multifamily 162,363 SF 1989 -
Casa Del Cerro Apartments
3501 Pacific Pl, Long Beach, CA 90807
Multifamily 24,708 SF 1973 -
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  • Listing ID: 39789885

  • Date on Market: 2026-03-16

  • Last Updated:

  • Address: Long Beach, CA | 170 Unit MF Portfolio, Long Beach, CA

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