Los Angeles Industrial for Sale - Culver City

Prime West Adams Freestanding Industrial/Flex Building. Seller Motivated. Ideally positioned just east of Culver City’s thriving Arts District, this freestanding corner-lot property offers exceptional visibility, accessibility, and creative appeal in the heart of Historic West Adams — one of Los Angeles’ fastest-growing creative and cultural districts. The building features 16-foot ceilings and 100% HVAC coverage powered by 17 tons of high-efficiency equipment, creating a comfortable, fully climate-controlled environment. With its professionally soundproofed interior, modern open layout, and secure gated alley access, this space provides the versatility and function that owner-users and creative businesses demand. Formerly the studio of renowned chef Wolfgang Puck for over a decade, the property was later utilized for vinyl record manufacturing, underscoring its deep creative heritage and exceptional acoustic qualities. The interior has been meticulously designed for flexibility — making it ideal for film or video production, live music, podcasting, manufacturing, delivery, or secure storage of goods and collectibles. The West Adams–Culver City corridor has quickly become one of Los Angeles’ most desirable creative and entertainment industry hubs, attracting film and television production studios, post-production companies, recording artists, and design firms seeking versatile, modern space near the city’s core. This thriving submarket continues to expand as media, tech, and entertainment tenants relocate from Hollywood and Culver City to take advantage of its accessibility, creative energy, and adaptive reuse properties. The neighborhood is also recognized for its vibrant culinary scene, featuring some of LA’s top-rated restaurants and cafés, including Alta Adams, Mizlala, Cento Pasta Bar, Highly Likely Café, Johnny’s Pastrami, and Tartine Bakery, along with countless nearby eateries in the Culver City Arts District and Helms Bakery District. Tenants and visitors benefit from convenient access to the I-10 Freeway and the Metro E Line (Expo), offering seamless connectivity to Downtown Los Angeles, Santa Monica, and Beverly Hills. The property’s central location places it within minutes of Culver City’s Arts District, Helms Bakery District, Hayden Tract, Whole Foods Market, and other creative landmarks. This is a rare opportunity to own or lease a remodeled, soundproofed creative industrial building in one of Los Angeles’ most dynamic submarkets — combining creative authenticity, modern infrastructure, and long-term investment potential. Flexible options available, including lease purchase and lease with option to buy.

Property Subtype:

Warehouse

Date on Market:

2025-03-29

Gardena Industrial for Sale - Mid-Cities

Opportunity awaits on the corner of East 157th Street and South Main Street, also known as 15626 South Main Street. This completely renovated 5,000sqft industrial warehouse has so much to offer its new owner. The property is conveniently located within 15 miles of Downtown Los Angeles, LAX, and the Ports of Los Angeles/Long Beach. Zoned as LCM-2, in the City of Gardena, unincorporated Los Angeles County, is a quaint and scenic city in the South Bay region. The property consists of a secure automatic gate, a fenced parking area with 8 spaces, towering ceilings with one 13-16ft roll-up door, and a pleasantly spacious front office and one restroom. Finally, the heavy power capacity of 1200AMPS/480/277V. Excellent opportunity for a variety of uses.

Property Subtype:

Warehouse

Date on Market:

2025-03-28

Glendale Multifamily for Sale - Burbank

The Growth Investment Group is proud to offer ELM APARTMENTS – 1052 Elm Ave, a very well maintained 10-unit apartment investment located in the highly desirable City of Glendale, CA. This prime Value-Add opportunity is perfect for an experienced investor looking to acquire a superbly located apartment property and maximize its income potential. This property has been under the same ownership since 2004. The units are currently leased to mostly long-time tenants on a month-to-month agreement with below market rents. The property is two-story apartment community that was built in 1963. It is situated on a quiet, residential street surrounded by other condominium and townhome communities. It offers a superb unit mix of ALL (10) 2 bed + 1 bath units with a total of 12 parking spaces. Parking is provided by 9 marked parking spaces (8-tuck under and 1 open space) and 3 unmarked spaces in the front and the back. Each spacious unit is separately metered for gas/ electricity and the property has a common laundry area for tenants. The property has been well maintained throughout current ownership and some units have been updated with laminate wood flooring, granite or quartz kitchen countertops, refreshed kitchen cabinets, recessed lighting, smooth ceilings, windows A/C in living room, ceiling fans in bedrooms and tiled bathroom. This asset will be a great addition to any size real estate portfolio! The property is strategically situated near luxurious amenities, dining, and upscale shopping at the Glendale Galleria and Americana at Brand, and just a few miles northeast of Hollywood, known as the “Media Capital of the World” and Burbank, home to Walt Disney and Warner Bros. Studios. It is minutes to the largest Ikea in the world, Burbank Bob Hope Airport, Home Depot, Kaiser Permanente Medical Center, Department of Motor Vehicles, Costco Wholesale, and two major shopping centers. The landmark Burbank Town Center, offers more than 170 retail stores, restaurants, and entertainment venues, including Macy’s, Sears, Bed Bath & Beyond, Barnes & Noble, and AMC Theatres where surface lots and garage parking is free. The Burbank Empire Center is one Los Angeles’ largest grossing shopping centers, featuring Walmart, Target, Nordstrom Rack, Best Buy, Lowe’s, Outback Steakhouse, Olive Garden, and many more. LOCATION AMENITIES AND ACCESS Elm Apartment is located in the prestigious city of Glendale, near Burbank, below Glenoaks Boulevard. Glendale is Los Angeles County’s third largest city, with a population approaching 210,000. It offers excellent access to two major freeways in the area (5 FWY and 2 FWY) providing superb access to other parts of Greater Los Angeles area. It is located within the sought after Glendale Unified School District for Balboa Elementary, Toll Middle School, and Herbert Hoover High School, known for their Scholastic Bowl Championship awards. The property is located approximately nine miles north of downtown Los Angeles and close to freeways that offer quick access to business, recreational and other locations throughout Southern California. Glendale is a progressive community that offers the best in urban-suburban living and is an optimal location for successful businesses large and small. Widely respected for its well-managed municipal government, police and fire protection, excellent schools and medical centers, Glendale is one of Southern California’s retail shopping destinations, along with centers for banking/ investments and entertainment. With an ideal climate and picturesque setting, it’s no secret why Glendale is called the “Jewel City.” Sale is contingent on sellers 1031 exchange.

Property Subtype:

Apartment

Date on Market:

2025-03-27

Los Angeles Retail for Sale - Mid-Cities

The subject property is currently leased through 5/31/2027 with no options to extend beyond that date. Corner Lot commercial property that offers major street frontage with a fully fenced and secure yard area. Excellent opportunity for an owner-user or investor.

Property Subtype:

Auto Repair

Date on Market:

2025-03-26

Los Angeles Retail for Sale - Glendale

Do Not Visit Site Until You Speak With Broker. Please No Speaking with Employees/Ownership & Do Not Loiter on Property. The Gas Broker is proud to offer a rare opportunity to acquire a high-margin business at a prime, signalized intersection of Colorado Boulevard and Eagle Rock Boulevard in Eagle Rock, CA, with an impressive traffic flow of approximately 70,000 cars per day. This existing Mobil-branded gas station comes with an approved Conditional Use Permit (CUP) and plans to transform the current building into a modern 1,791-square-foot convenience store, complete with a Type-20 Beer & Wine license. This value-add investment offers the potential to develop a state-of-the-art convenience store outfitted with brand-new equipment while benefiting from alcohol sales authorization under the approved CUP. Furthermore, with the current Mobil fuel contract expiring in March 2030, the new owner has the strategic advantage of rebranding or negotiating incentive funds upon renewal. Don't miss this chance to own a top-tier gas station in one of Los Angeles' most sought-after locations.

Property Subtype:

Service Station

Date on Market:

2025-03-17

Los Angeles Multifamily for Sale - Inglewood/South LA

SOLID CASH FLOW, Great Investment Property, Stream of Income for over 6.1% CAP Prime Multi-Unit Investment Opportunity in South Los Angeles. Rare chance to acquire a 2020 yr built high-yield, multi-unit property in a desirable South Los Angeles location—just minutes from BMO Stadium, Exposition Park, and with easy access to the 110 Freeway (Vernon Exit). This versatile property is well-suited for homeless shelters, interim transition housing, non-profit organizations, and government-backed master lease programs. The Rent Roll is current and the lease has commenced as as May 1 2025. Featuring four units with an impressive total of 32 master suite-style bedrooms and 32 bathrooms, each suite is equipped with a private bath and mini-split HVAC system for maximum comfort. The property also offers common dining areas and laundry facilities in each unit. Zoned R-2 with R-3 occupancy per COO, this unique asset presents significant flexibility and potential. ?? For more information, contact Listing Agent Robert Lee at (213) 925-3632 or robert.lee@injproperties.com.

Property Subtype:

Apartment

Date on Market:

2025-03-15

Torrance Industrial for Sale

Prime Investment opportunity - Value add/owner user investment. All tenants are month-to-month

Property Subtype:

Warehouse

Date on Market:

2025-03-14

Long Beach Industrial for Sale - Long Beach: Suburban

Prime industrial area of west Long Beach location. Two units currently occupied by a single tenant. Close proximity to Port of Long Beach and Los Angeles. Easy access to 710 & 405 freeways. New roof and well maintained building.

Property Subtype:

Warehouse

Date on Market:

2025-03-05

Los Angeles Retail for Sale - Westwood

Situated in the highly desirable Westwood neighborhood, this newly renovated two-story, free-standing building boasts an expansive open floor plan with soaring vaulted ceilings. Recently updated inside and out, the building offers a fresh, modern aesthetic. Currently home to a print shop on the street level and a dance studio upstairs that are available, the first and second levels can be offered either vacant for an owner-user or tenant-occupied, providing flexibility for a variety of needs. With its prime location, spacious interior, and contemporary updates, this is an outstanding opportunity for businesses seeking to establish themselves in one of Los Angeles' most sought-after areas.

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-02-28

Pasadena Retail for Sale

Prime Mixed-Use Owner-user/Investment opportunity on Hill Ave, Superb location crossing Colorado Blvd and south of 210 FWY, Excellent Exposure with Superb Demographics, Seller MAY CARRY Up To 60% LTV at 5% fixed for 5 years! Growth Investment Group California is proud to present 80-88 N Hill Ave, Pasadena, CA. The property is a value-add mixed-use (retail/residential) property with superb exposure right on Hill Ave and located south of 210 FWY with Colorado Blvd as its nearest cross street. This is the first time this property is being offered for sale for more than 20 years! The property has a wide 60ft exposure on Hill Ave and offers a CG (Commercial General) zoning which should allow much higher density redevelopment options (buyer to verify). It enjoys a high traffic volume of ±21k cars per day and has superb demographics with ±$133k average household income within a mile radius. For a qualified buyer, Seller may carry a 60% LTV (40% down payment) secured by a 1st Trust Deed against subject property with 5% interest rates on a 5-year fixed Interest Only and 5-year term (balloon payment at end of year 5). The property has a total of ±5199 SF building size (broker measured – buyer to verify) on a large ±9,327 SF CG Zoned lot and consists of 2 separate buildings. The front building is a two-story retail building with about ±3,809 total square footage (±73% of the building – buyer to verify) and the back building is a small two-story residential building (4 units). The front building is split up into 3 separate suites. All the tenants are month-to-month, and the rents are significantly below market. The back residential 4 units tenants are also on month-to-month agreement and the rental amount is also significantly below market. The back residential building consists of 2 small 1bed+1bath and 2 small studio units (estimated sizes are in the rent roll). This rental upside provides clear opportunities for a savvy buyer to come in and increase the income immediately. The buildings are very well maintained with the front building electricals have been upgraded, awning in the back building, fresh white paint on both buildings, and minimum landscaping for easier maintenance. It has ample parking with 10 open spaces – no soft story retrofit is required. The residential building does not have any balcony which exempts the property from any balcony inspection requirements. The property is located within the central Pasadena area (near Pasadena City College and California Institute of Technology), south of 210 Freeway and just within minutes to Old Town Pasadena area. Boasting a Walk Score of 87 with SUPERB demographics, it offers a superior location with easy access to FWY 210 and FWY 134. It is approximately a mile away from Pasadena Playhouse District, and around ±1.8miles from Old Town Pasadena. It is also just minutes from The Pasadena Convention Center, Norton Simon Museum, Pacific Asia Museum, shopping and dining in the area. The property has superb access to FWY 210 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway.

Property Subtype:

Storefront

Date on Market:

2025-02-24

Pasadena Multifamily for Sale

Introducing an exceptional opportunity to acquire Summit Apartments, a value-add property located in the desirable Villa Parke community of Pasadena. 5 units ready for immediate move in including 3 units fully remodeled and 9 units with long term tenants. This apartment building offers a combination of one- and two-bedroom units, featuring amenities such as new laminate wood flooring and private balconies. The property is situated in a gated community and includes a laundry room, covered parking, and copper plumbing. Built in 1989, this asset presents significant potential for rental income growth. The building includes 9 units with long-term, well-established tenants and 5 vacant units, each 1-bedroom, 1-bath. 3 of these vacant units have been fully renovated, boasting new floors, fresh paint, updated kitchens, and modern bathrooms allowing the new owner the flexibility to choose and put their own tenants in place right away.

Property Subtype:

Apartment

Date on Market:

2025-02-24

Tarzana Retail for Sale

MAJOR PRICE REDUCTION!! SELLER MOTIVATED. Prime Multi-Tenant Commercial Building for Sale in Tarzana. Seize this exceptional investment opportunity in the heart of Tarzana. This well-maintained commercial property boasts nine diverse tenants, ensuring a stable income stream with significant potential for growth. KEY TENANTS: Volvo Mechanic: A trusted service provider in the community for over 30 years. Dance Studio: Popular local destination for dance enthusiasts. Gymnastic Center: Well-established facility catering to children of all age groups. Masters in Design: Specialists in modern and innovative kitchen, bathroom and remodeling solutions. Auto Sales Offices: Multiple tenants contributing to a dynamic automotive hub.

Property Subtype:

Auto Repair

Date on Market:

2025-02-13

Long Beach Portfolio of properties for Sale - Long Beach: Suburban

** Fantastic investment opportunity – LOCATION! LOCATION! LOCATION! This property is located at the highly visible intersection of Pacific Coast Highway (PCH) and Harbor Ave, just minutes from Long Beach Harbor. Long Beach Police – West Division is within 1 mile, offering strong neighborhood security. ** ZERO vacancy in the past 3 years, with consistently high rental demand. A fully paid-off solar system helps significantly reduce electric costs. ** Extremely stable and reliable income is already in place. The market tenant currently holds a Beer & Wine license, and their lease is set to expire in 2027 July, offering flexibility for future use or re-leasing. ** The property includes two separate buildings: One commercial/retail building One residential building with 4 units, consisting of: 2 units: 1 bed / 1 bath 2 units: studio apartments Each unit includes its own garage space The market building also includes a small private office and storage area ** The seller is highly motivated and open to various payment options, including Seller Financing. Don’t miss this opportunity – inquiries are welcome!

Property Subtype:

Mixed Types

Date on Market:

2025-02-12

Los Angeles Multifamily for Sale - Park Mile

For Sale: Prime Investment Property in Los Angeles - 4533 Saturn St. **Location: 4533 Saturn St, Los Angeles, CA 90019 ** Asking Price: $1.4M ** Multi-Unit Residential Property | Strong Rental Income ** $15K seller's credit toward closing at close of escrow ** Seller is retiring and very motivated An Exceptional Investment Opportunity in Mid-City, LA This well-maintained and upgraded multi-unit residential property is situated in the heart of Mid-City, one of Los Angeles’ most sought-after neighborhoods. With a high rental demand, strong appreciation potential, and future development opportunities, this property is a lucrative investment for both seasoned and first-time investors. Property Highlights **3 Units - A mix of spacious and modernized rental units: • Unit 1: 3BR / 1.5BA • Unit 2: 2BR / 1BA • Unit 3: 1BR / 1BA **Approved ADU Expansion - Potential for two additional detached ADU units to further increase rental income. ** Total Building Size: 2,512 SF+ **Lot Size: 7,002 SF (50' x 140') ** Annual Rental Income: $78,000 (with potential to reach $108,000 post-ADU development). **ROI (Cash-on-Cash Return): 5.22% (Current), 7.2% (Projected). Recent Upgrades & Features **Fully Renovated Interiors - Modern flooring, updated kitchens, and stylish bathrooms. **Upgraded Plumbing - All copper pipelines & PVC sewage lines with external clean-out access. **Low-Maintenance Landscaping - Artificial grass in the front & concrete in the back. ** Energy-Efficient Windows - Double-insulated PVC windows for enhanced insulation. Prime Location & Growth Potential **Market Growth: 24% appreciation over the past 2 years. ** Highly Walkable: 96/100 Walk Score - Easy access to shopping, dining, and public transit. ** Convenience: Near Hollywood, Santa Monica, and Beverly Hills. **Future Development Potential: Proposed plans for a 4-story residential building with garage parking. Why Invest? ? Turnkey Income Property – Stable rental income with long-term tenants. ? High Appreciation Area – Located in a strong real estate market with increasing demand. ? Expansion Potential – Approved ADUs and future development possibilities. ?? Secure your next investment in one of LA’s top growth markets! Commission to Cooperative Broker available. Seller Finance available. Call 310 422 9206 for private showing

Property Subtype:

Apartment

Date on Market:

2025-02-12

Long Beach Retail for Sale - Long Beach: Downtown

4124-4126 E Anaheim St is a Retail Storefront/ Residential Duplex located in Long Beach. This single story retail storefront space is 2,060 SF and is currently operating as a salon business. The two story duplex located in the back of the property is 940 SF. The downstairs unit is 2bd/1ba and the upstairs unit is 1bd/2ba. This property is being sold as an owner/user opportunity or investment. The proforma cap rate of 8%, combining the salon space and duplex, make this an excellent future value-add investment opportunity. APN: 7254-006-032 Zoning: LBCCN

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-02-11

Venice Multifamily for Sale - Marina Del Rey/Venice

RTI DEVELOPMENT OPPORTUNITY Income Producing RTI development opportunity-land, entitlements and READY TO ISSUE (RTI) plans for an approximately 9,000 sq ft ultra modern apartment building. The planned 9-unit mix includes 8 (2 bedroom 2 bath) units and 1 (1 bedroom 2.5 bathroom) unit. The plans also include 2 additional single ADU units that can be legalized after certificate of occupancy is issued for a total of 11 rentable units. EXISTING INVESTMENT/INCOME OPPORTUNITY. The existing 3 renovated and upgraded units (see photos) have a net opporating income over $150,000 providing income until you are ready to build. Proposed project to on a highly visable corner lot with nearly 115' of frontage along Venice Blvd between Abbot Kinney and Lincoln Blvd.

Property Subtype:

Apartment

Date on Market:

2025-02-02

Los Angeles Retail for Sale - Southeast Los Angeles

The subject property is located at 2228 E Cesar E Chavez Avenue, situated on the south side of the street between North Breed Street and North Chicago Street in the City of Los Angeles, Los Angeles County, California, in the Boyle Heights Neighborhood. The building is a prewar (circa 1927) two-story structure with a cellar and subcellar, serving mixed uses. The ground floor features a 6,431 square foot retail space, which, along with a ± 3,000 square foot finished cellar, which is currently a Beauty and Barber vocational school that prepares Barbers, Cosmetologists, Estheticians, Nail Technicians and Permanent Make Up Artists for careers in their field. The second floor, which spans 6,347 square feet, is subdivided into six professional spaces ranging from 450 to 1,250 square feet. The assessor’s total building size is 12,510 square feet, and a Gross Leasable Area (GLA) of ± 13,965 square feet. The property sits on a 7,775 square foot lot zoned LAC2. This property is situated in a prime location within Los Angeles, offering easy access to major highways, local amenities, and thriving community hubs. With its historic charm, sizable footprint, and versatile zoning, 2228 E Cesar Chavez Ave is an excellent opportunity for investors seeking to capitalize on the rapidly growing market in this vibrant area

Property Subtype:

Freestanding

Date on Market:

2025-01-29

Carson Office for Sale - Mid-Cities

Existing 8 unit multi-tenant, 2-story office building (~9,200 sf). 87% leased with all tenants on MTM terms. Perfect for owner-user, value-added investment and/or covered land play. Existing income with below market rents. Mixed-use zoning. Land is .55 Acs. Contact city of Carson for more info on development guidelines and available density bonuses for affordable housing. Call broker for pricing guidance and terms. First time on the market in 27+ years!

Date on Market:

2025-01-28

Los Angeles Industrial for Sale - Downtown Los Angeles

Property Subtype:

Warehouse

Date on Market:

2025-01-27

Los Angeles Retail for Sale - East Hollywood/Silver Lake

This property is in the heart of Hollywood, surrounded with single family homes, apartment complexes and mom and pop businesses, situated within one-quarter mile from Santa Monica / Vermont Metro Rail Station with easy access to transportation, shopping, schools including Los Angeles City College (LACC), most within walking distance. Property is zoned C-2 commercial and includes three (3) units, Retail Store front at street level plus two (2) Residential units in the rear, while current owner lives in one of the units, the store front and the other residential unit is rented, both rentals are on a month-to-month basis, owners resident can also be rented for additional income. Property is within a State Enterprise Zone, while this property would be (1) perfect for a family who has a small mom & pop business to live in one of the rear units, lease out the other residential unit and operate their retail business from the store front or (2) ideal for an investor who can lease all three units and collect rent, but (3) the highest and best use would be develop the property into multi-residential units, this is a great developer opportunity for this fast changing Hollywood location from single family homes into brand new multi-unit apartment complexes with all the latest home features. Driving around this property, one can’t but notice that there are many brand new complexes that have popped up near and all around the area, I counted about 15 such properties within less than half a mile radius, five of them being on the same block with the rest just a block or two over on either side, there may be the potential of building 12 – 16 units on the subject property, must verify with local city ordinance.

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-01-18

Burbank Retail for Sale

New roof soon, Parking has been done recently. This prime commercial property, built in 1987, is now available for sale for the first time in more than three decades. Ideally situated on the bustling North Victory Blvd in the heart of Burbank, this property offers exceptional visibility and accessibility, making it the perfect location for a wide range of business opportunities. With its proximity to major highways and high-traffic areas, this property is surrounded by popular retail destinations including IKEA, In-N-Out Burger, Target, Costco, The Home Depot, Walmart, AMC Burbank, and more—ensuring consistent foot traffic and exposure. Key Features: Prime Location: Situated in a high-traffic, high-visibility area with easy access to major highways. Fully Leased: Stable, long-term tenants in place, providing reliable income streams. Retail Center: A highly desirable property well-suited for retail, restaurant, or other commercial uses. Significant Upside Potential: Below-market rents with the potential for increased gross income. Generous Parking: Ample parking for customers and tenants. 1031 Exchange: Ideal for 1031 Exchange investors looking for a well-located property with strong potential. Seller and Seller's agent do not guarantee the accuracy of any information contained herein, buyer and buyer's agent to do their own due diligence. Don’t miss this rare opportunity to invest in a premier commercial property in one of Southern California's most sought-after markets. Contact Cennie today for more details!

Date on Market:

2025-01-09

Long Beach Multifamily for Sale - Long Beach: Downtown

The opportunity at 3117 E. 6th Street, located in the thriving Eastside Long Beach neighborhood, is just two blocks from the bustling Fourth Street/Retro Row. This 9-unit property comprises (2) one-bedroom/one-bath units and (7) two-bedroom/one-bath units, each meticulously renovated to include modern wood-style flooring, quartz countertops, Shaker-style cabinetry, stainless steel appliances, and designer fixtures throughout. Key Features: Comprehensive renovation with high-end finishes Community BBQ and dining facilities Prime location with excellent walkability to Fourth Street and Retro Row The Eastside Long Beach area is a sought-after submarket, offering tenants easy access to a vibrant mix of shops, eateries, and boutiques. The property is also situated near Rose Circle Park, a neighborhood known for its beautiful 1910–1922 Craftsman Bungalows and a lively array of dining, nightlife, and retail amenities. Fourth Street/Retro Row is a top destination for both locals and visitors, renowned for its eclectic selection of vintage and contemporary clothing, furniture, home goods, art, antiques, skateboards, and a variety of locally owned restaurants, coffee shops, and wine bars. This turnkey property provides an excellent opportunity for buyers seeking a fully renovated asset in a highly desirable location. We invite you to explore this outstanding investment opportunity and discuss how it can benefit your clients.

Property Subtype:

Apartment

Date on Market:

2024-12-20

Culver City Retail for Sale

2,000 SF building to include 400 SF of outdoor space- currently leased to sound production.

Property Subtype:

Freestanding

Date on Market:

2024-12-02

Long Beach Multifamily for Sale - Long Beach: Downtown

Turnkey 10-Unit Property in Prime North East Village – Priced to Sell! Located in the vibrant and densely populated North East Village neighborhood, this fully stabilized 10-unit property is an exceptional investment opportunity. Priced at just $185K per unit, it is currently operating at a 9.23 Gross Rent Multiplier (GRM) and a 6.6% cap rate based on in-place rents. At market rent levels, the GRM improves to 8.79, and the cap rate increases to 7.0%. The unit mix includes 7 studios, 2 one-bedrooms, and 1 two-bedroom unit. All units have been remodeled, and major upgrades—including a new roof and updated electrical panel—were completed in 2024. The building is master-metered with a RUBS (Ratio Utility Billing System) in place, currently recapturing 80% of utility expenses. An on-site coin-operated laundry room adds convenience for tenants and generates additional income. The exterior has been freshly painted, enhancing curb appeal. Ideally situated near St. Mary Medical Center, downtown Long Beach, the beach, and major freeways, this property offers excellent accessibility and strong rental demand. Don’t miss this rare opportunity to acquire a turnkey asset at an attractive price. (Virtual Staging)

Property Subtype:

Apartment

Date on Market:

2024-10-17