Log In/Sign Up
Your email has been sent.
Multi Family buildings for sale 2 Multifamily Properties Offered at $5,821,267 CAD in Long Beach, CA
Executive Summary
Exceptional value-add opportunity in one of Long Beach's most sought-after and walkable
neighborhoods. This two-parcel mixed-use corner investment sits at the high-visibility intersection of
7th Street and Cherry Avenue in the Historic Rose Park District — a rapidly evolving submarket with
strong retail demand and stable residential tenancy.
The two-building portfolio features seven ground-floor commercial retail suites and nineteen
residential apartments offering a diverse mix of unit types and multiple income streams. With rents
significantly below market, the asset presents an estimated 20 to 25 percent rental upside achievable
through targeted leasing and management efficiencies. No rent control.
neighborhoods. This two-parcel mixed-use corner investment sits at the high-visibility intersection of
7th Street and Cherry Avenue in the Historic Rose Park District — a rapidly evolving submarket with
strong retail demand and stable residential tenancy.
The two-building portfolio features seven ground-floor commercial retail suites and nineteen
residential apartments offering a diverse mix of unit types and multiple income streams. With rents
significantly below market, the asset presents an estimated 20 to 25 percent rental upside achievable
through targeted leasing and management efficiencies. No rent control.
Property Facts
| Price | $5,821,267 CAD | Status | Active |
| Price / SF | $318.87 CAD / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 5.83% | Total Building Size | 18,256 SF |
| Sale Type | Investment | Total Land Area | 0.28 AC |
| Price | $5,821,267 CAD |
| Price / SF | $318.87 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 5.83% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,256 SF |
| Total Land Area | 0.28 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 710 Cherry Ave, Long Beach, CA 90813 | Multifamily | 11,740 SF | 1920 | - |
| 2009-2013 E 7th St, Long Beach, CA 90804 | Multifamily | 6,516 SF | 1959 | - |
1 1
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Beverly And Company
Multi Family buildings for sale
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.