Commercial Real Estate in California available for sale
Investment Properties For Sale

Investment Properties for Sale in California, USA

More details for 3728 Linda Vista Dr, San Marcos, CA - Health Care for Sale

6-bed RCFE/ARF in San Marcos - 3728 Linda Vista Dr

San Marcos, CA 92078

  • Investment Property
  • Health Care for Sale
  • $1,437,230 CAD
  • 1,890 SF
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More details for 153 S Laurel St, Ventura, CA - Multifamily for Sale

153 S Laurel St

Ventura, CA 93001

  • Investment Property
  • Multifamily for Sale
  • $1,984,746 CAD
  • 3,214 SF
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More details for 811 W Grand Ave, Oakland, CA - Multifamily for Sale

811 W Grand Ave

Oakland, CA 94607

  • Investment Property
  • Multifamily for Sale
  • $546,832 CAD
  • 1,427 SF
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More details for 1149 E 1st St, Long Beach, CA - Multifamily for Sale

1149 E 1st St

Long Beach, CA 90802

  • Investment Property
  • Multifamily for Sale
  • $4,380,128 CAD
  • 7,906 SF
  • Kitchen

Long Beach Multifamily for Sale - Long Beach: Downtown

1149 E. 1st Street is a striking 12-unit Art Deco multifamily property with a bonus 13th non-conforming unit, ideally located in the heart of Alamitos Beach — one of Long Beach’s most desirable coastal neighborhoods. This architectural standout blends timeless 1930s character with meaningful modern upgrades. The building has been freshly painted and features upgraded plumbing and electrical systems, enhancing long-term performance while preserving its historic charm. Its bold lines and coastal energy evoke a subtle Miami Art Deco aesthetic — vibrant, clean, and full of personality. The property offers a well-balanced unit mix: 3 Studio Units, 2 Two-Bedroom Units (one serving as a penthouse-style unit), 7 One-Bedroom / One-Bath Units, Bonus 13th Non-Conforming Unit All units have been thoughtfully updated with newer kitchens, upgraded flooring, and refreshed interiors. The layouts are spacious and filled with natural light, offering larger-than-average unit sizes compared to many nearby properties — a significant advantage in tenant appeal and retention. The property also includes three garages, providing valuable parking and/or additional income potential in this high-demand beachside location. Situated just blocks from the ocean and minutes from Downtown Long Beach, residents enjoy exceptional walkability, coastal access, dining, nightlife, and the vibrant energy that defines Alamitos Beach living. 1149 E. 1st Street represents a rare opportunity to acquire a character-rich coastal asset with strong rental appeal, solid improvements, and long-term upside in one of Long Beach’s most dynamic neighborhoods.

Contact:

Sage Real Estate

Property Subtype:

Apartment

Date on Market:

2026-02-18

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More details for 1226 S Dunsmuir Ave, Los Angeles, CA - Multifamily for Sale

Assumable Financing In-Place | Loan 3.5% - 1226 S Dunsmuir Ave

Los Angeles, CA 90019

  • Investment Property
  • Multifamily for Sale
  • $1,984,746 CAD
  • 2,290 SF
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More details for 6733 Colgate Ave, Los Angeles, CA - Multifamily for Sale

Duplex - Beverly Grove - 6733 Colgate Ave

Los Angeles, CA 90048

  • Investment Property
  • Multifamily for Sale
  • $2,424,127 CAD
  • 2,192 SF

Los Angeles Multifamily for Sale - West Hollywood

Welcome to your Colgate Cottage! We are proud to present 6733 Colgate Ave, a stunning and contemporary side-by-side duplex in the highly coveted and prestigious Beverly Grove neighborhood! Retaining its turn of the century charm with a modern and versatile living space, this 2-unit property offers 2,192 square feet of living space built in 1926 that is situated on 6,254 square feet of LAR1 zoned land. Both units consist of two-bedroom two-bathroom units that are configured directly adjacent to one another. The bright and airy interiors feature some form of upgrades, ranging from new paint with modern stainless-steel appliances and in-unit laundry, and hardwood floors with renovated kitchens and bathrooms featuring beautiful high-end finishes. The property features enhanced landscaping in the front yard and rear yard, perfect for enjoying outdoor space as a tenant or owner, with a refreshed and refined exterior and multiple tandem driveway parking. For added value, the property also comes with a second separate structure at the rear of the property that can either remain as such or be converted to a permitted ADU (buyer to verify). Located in one of the most exclusive neighborhoods in Los Angeles, Beverly Grove offers unparalleled lifestyle access to Beverly Hills, West Hollywood, the Grove, Beverly Center, Fairfax, Cedar Sinai along with an unrivaled dining and shopping experience. Contact the listing broker for more details and to schedule a tour. Don't miss this fantastic opportunity to own a beautifully upgraded property with tremendous potential!

Contact:

Kidder Mathews

Property Subtype:

Apartment

Date on Market:

2026-02-18

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More details for 6332 Brynhurst Ave, Los Angeles, CA - Multifamily for Sale

High Yield 14-Units (12 + 2 ADU) in South LA - 6332 Brynhurst Ave

Los Angeles, CA 90043

  • Investment Property
  • Multifamily for Sale
  • $5,748,918 CAD
  • 13,711 SF
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More details for 125 Deadwood Rd, Lewiston, CA - Retail for Sale

Lewiston Hotel - 125 Deadwood Rd

Lewiston, CA 96052

  • Investment Property
  • Retail for Sale
  • $1,642,548 CAD
  • 6,000 SF
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More details for 8419-8425 S Western Ave, Los Angeles, CA - Multifamily for Sale

8419-8425 S Western Ave

Los Angeles, CA 90047

  • Investment Property
  • Multifamily for Sale
  • $5,475,160 CAD
  • 12,137 SF
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Los Angeles Multifamily for Sale - Inglewood/South LA

Marcus & Millichap is pleased to announce the opportunity to purchase 19 multifamily units at 8419 and 8425 S. Western Avenue located in the Manchester Square neighborhood of South Los Angeles. With 15 out of 17 original units renovated and two new ADUs, this opportunity will not require any heavy lifting and as most of the work has already been completed. With the overwhelming need for affordable housing in the area, investors can realize an additional 25% upside as units turn over and can maximize on the increasing payments standards from HACLA and Section 8. This opportunity also offers an assumable loan of $2,422,000 with extremely attractive terms that will allow an investor to yield over an 8% cash-on-cash return. Built in 1959 and 1960, the two adjacent properties are comprised of two-story structures that include a unit mix of sixteen 1bed/1bath units and three 2bed/1bath units. Of these units, two of the 1bed/1bath are newer ADUs with split system HVAC. The properties provide tenants with twelve parking spaces that include a combination of tuck-under and open spaces at the rear and 84th Place side of the property. There is no landscaping, and all units are individually metered for gas and electricity. Seismic retrofitting has already been completed and 8425 S. Western has received electrical upgrades. Plumbing upgrades have been completed as units have been renovated. Located east of Western and north of Manchester, 8419 and 8425 S Western is located on one of the main thoroughfares in the city of Los Angeles. Residents of this property are within a short distance to multiple bus stops located on Manchester and St. Andrews Recreation Center. This opportunity is located 2 miles east, or an 8-minute car drive, from The Forum, Sofi Stadium, YouTube Theater, Hollywood Park Casino, and many more restaurants, retail, and places of business located in Inglewood between Century Blvd and Manchester. The property is within a short distance to the 110 Freeway allowing tenants who are commuters with ease of access throughout the city of Los Angeles.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2026-02-17

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More details for 6420 Hanna Ave, Woodland Hills, CA - Multifamily for Sale

6420–6422 Hanna Ave - 6420 Hanna Ave

Woodland Hills, CA 91303

  • Investment Property
  • Multifamily for Sale
  • $3,901,052 CAD
  • 5,242 SF

Woodland Hills Multifamily for Sale - Woodland Hills/Warner Ctr

The Sterman Multi-Family Group of Marcus & Millichap is pleased to present 6420–6422 Hanna Ave, a newly built four-unit townhome community in the heart of Woodland Hills. Constructed in 2025, the property offers approximately 5,242 square feet of modern residential living on a 6,914 square foot lot, featuring two (2) three-bedroom, two-and-a-half-bath townhomes and two (2) four-bedroom, three-bath townhomes. Each unit showcases spacious layouts, private patios, premium finishes, and abundant natural light—delivering strong renter appeal and minimal near-term maintenance. Directly across from Westfield Topanga & The Village, the property offers unmatched walkability to top dining, shopping, and entertainment, including Target, Starbucks, Fogo de Chão, Fleming’s, CAVA, Shake Shack, Costco, and 24 Hour Fitness. With the 101 Freeway just one mile away, residents enjoy seamless access to Warner Center, Calabasas, and the greater San Fernando Valley. The area is also experiencing significant revitalization driven by LA Rams owner Stan Kroenke, who has acquired and redeveloped major nearby sites, including the newly built Rams training facility located just five minutes from the property. Additional features include two parking spaces per unit, open-concept living areas, brand-new kitchen appliances, new washer and dryer sets, custom cabinetry, designer fixtures, and central air conditioning and heating. Combining its prime location with best-in-class construction, 6420–6422 Hanna Ave represents a compelling investment opportunity in a high-demand Woodland Hills rental market.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2026-02-17

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More details for 822 Hayworth Ave, Los Angeles, CA - Multifamily for Sale

822 Hayworth Ave

Los Angeles, CA 90046

  • Investment Property
  • Multifamily for Sale
  • $3,798,392 CAD
  • 4,840 SF
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More details for 43903 Kennsington Pl, Lancaster, CA - Health Care for Sale

6-bed RCFE in Lancaster - 43903 Kennsington Pl

Lancaster, CA 93536

  • Investment Property
  • Health Care for Sale
  • $855,494 CAD
  • 1,671 SF
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More details for 5371 Alhambra Ave, Los Angeles, CA - Retail for Sale

Holy Grounds Coffee & Tea - 5371 Alhambra Ave

Los Angeles, CA 90032

  • Investment Property
  • Retail for Sale
  • $1,382,478 CAD
  • 1,538 SF
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More details for 110-116 S Kings Rd, Los Angeles, CA - Multifamily for Sale

Double Lot 14,176 SF of Land in Beverly Grove - 110-116 S Kings Rd

Los Angeles, CA 90048

  • Investment Property
  • Multifamily for Sale
  • $5,872,109 CAD
  • 8,286 SF
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More details for 634 Adams Blvd, Los Angeles, CA - Multifamily for Sale

6 Bungalows!!! - 634 Adams Blvd

Los Angeles, CA 90011

  • Investment Property
  • Multifamily for Sale
  • $1,203,166 CAD
  • 6,454 SF
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More details for 1820 E 2nd St, Long Beach, CA - Multifamily for Sale

Millie Jean - 1820 E 2nd St

Long Beach, CA 90802

  • Investment Property
  • Multifamily for Sale
  • $7,253,218 CAD
  • 8,130 SF
  • 24 Hour Access
  • Controlled Access
  • Kitchen

Long Beach Multifamily for Sale - Long Beach: Downtown

Introducing Millie Jean — a completely reimagined 12-unit apartment community located at 1820 E. 2nd Street in the heart of Alamitos Beach, one of Long Beach’s most desirable coastal neighborhoods. This turn-key asset has undergone a full, permitted renovation down to the studs, delivering essentially new construction with best-in-class finishes and modern building systems throughout. Currently operating at a 5.15% CAP rate and 13.72 GRM, the property offers immediate, stabilized cash flow. RUBS in place, with tenants responsible for their proportionate share of utilities—reducing operating expenses, improving NOI, and protecting ownership from rising utility costs. The offering includes five single-car garages and fully approved plans to construct two new 2-bedroom, 1-bath ADU units above the garages, providing a clear value-add opportunity. Upon completion of the ADUs, ownership can achieve an estimated 6.45% CAP rate. All units feature high-end interior renovations, including modern kitchens with European-style cabinetry, quartz countertops, Energy Star stainless steel appliances, designer lighting, and contemporary fixtures. Bathrooms have been fully upgraded with modern enclosures, plank flooring, and code-compliant mechanical improvements. Each unit includes in-unit washer/dryer, plank vinyl flooring, new doors and windows, ceiling fans, and fresh paint—creating a cohesive, upscale aesthetic throughout the property. Major capital improvements include new plumbing (water lines, waste lines, water heaters), upgraded electrical systems with subpanels and GFCI outlets, HVAC and ventilation improvements, and drought-tolerant landscaping. The building is separately metered for gas and electric, with high-efficiency lighting to minimize operating expenses. Additionally, a new owner can unlock substantial tax advantages through a cost segregation study, with an estimated $1,379,000 in depreciation within the first five years, compared to approximately $722,590 under standard depreciation—representing an incremental benefit of roughly $660,000. Located just two blocks from the beach, Millie Jean offers residents immediate access to the coastline while enjoying the walkability, lifestyle, and long-term desirability of Alamitos Beach. This is a rare opportunity to acquire a one-of-a-kind, fully modernized asset in a premier coastal submarket with strong current income, meaningful upside, and long-term appreciation potential.

Contact:

Pabst, Kinney & Associates, Inc.

Property Subtype:

Apartment

Date on Market:

2026-02-17

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More details for 723 E Tujunga Ave, Burbank, CA - Multifamily for Sale

723 Tujunga Ave - 723 E Tujunga Ave

Burbank, CA 91501

  • Investment Property
  • Multifamily for Sale
  • $3,346,692 CAD
  • 4,668 SF
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More details for 4197 Marlton Ave, Los Angeles, CA - Multifamily for Sale

8 Units | Baldwin Hills | ADU Potential - 4197 Marlton Ave

Los Angeles, CA 90008

  • Investment Property
  • Multifamily for Sale
  • $2,046,341 CAD
  • 7,222 SF

Los Angeles Multifamily for Sale

Eric Dilanian of The Dilanian Real Estate Advisors, as part of RE/MAX Commercial & Investment Realty, is pleased to present the exclusive offering of an 8-unit value-add multifamily investment opportunity located at 4197 Marlton Avenue, adjacent to Baldwin Hills and just one block from the planned $1 Billion Baldwin Hills Plaza Redevelopment. Constructed in 1950 and offered for sale for the first time since completion by the original developer’s family, the property has been exceptionally well maintained and thoughtfully cared for over generations of ownership. The asset comprises approximately ±7,222 square feet of building area situated on a generous ±10,737 square foot lot. Zoned R3-1-XL and located within Tier 3 TOC, the property offers meaningful long-term development and density upside, including potential for detached ADU development (buyer to verify). The unit mix consists of six (6) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units, with one of the two-bedroom units featuring an additional bonus/office room. All units are equipped with washer/dryer hookups. With detached garage parking, a low-basis acquisition profile, and substantial rental upside in a high-demand submarket, this offering presents investors with a compelling opportunity to acquire a well-located, generational asset with both near-term income growth and long-term value-add potential. Investors have the opportunity to capture immediate upside through the potential development of detached ADUs pursuant to SB 1211 (buyer to verify all feasibility, zoning, and entitlement requirements). Disclosure: Buyers are to conduct thorough and independent due diligence, including verifying building square footage, lot size, legal bedroom/bathroom count, parking availability, unit mix, year built, zoning, market rents, and the feasibility of ADUs or additional units. DO NOT DISTURB TENANTS OR ENTER THE PROPERTY - DRIVE-BY ONLY.

Contact:

RE/MAX Commercial & Investment Realty

Property Subtype:

Multi Family

Date on Market:

2026-02-17

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More details for 549 E Ada Ave, Glendora, CA - Health Care for Sale

549 E Ada Ave

Glendora, CA 91741

  • Investment Property
  • Health Care for Sale
  • $1,505,669 CAD
  • 2,266 SF
  • Wheelchair Accessible

Glendora Health Care for Sale - Eastern SGV

Located less than 1 mile from Glendora Presbyterian Hospital, this expansive 6-bedroom, 3-bathroom residence presents a rare opportunity for operators, investors, or owner-users seeking a property well-suited for licensed health-care or residential care uses. The home was previously fully licensed as a Congregate Living Facility, one of the most stringent health-care licenses due to its 24-hour skilled nursing standards and hospital-like requirements. While that license has since lapsed, the physical structure remains purpose-built to meet demanding regulatory criteria—offering a significant head start for a new buyer pursuing relicensing or a different care designation. Given the prior use and existing improvements, a new owner may explore licensing options such as Board & Care or RCFE, which are generally understood to have shorter approval timelines than higher-acuity licenses. (Buyers should independently verify licensing requirements and timelines with the appropriate agencies.) Whether you’re looking to re-establish a care facility, convert to a lower-intensity licensed use, or utilize the property as a large single-family residence with accessibility features already in place, this Glendora property offers flexibility, location, and infrastructure that is increasingly hard to find. Buyer to conduct their own due diligence regarding zoning, licensing, and permitted uses.

Contact:

KALEO Real Estate Company

Property Subtype:

Congregate Housing

Date on Market:

2026-02-16

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More details for 1123 Ohio Ave, Long Beach, CA - Multifamily for Sale

1123 Ohio Ave

Long Beach, CA 90804

  • Investment Property
  • Multifamily for Sale
  • $2,039,497 CAD
  • 3,720 SF
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More details for 11111 Cumpston St, North Hollywood, CA - Multifamily for Sale

5 Ones LLC - 11111 Cumpston St

North Hollywood, CA 91601

  • Investment Property
  • Multifamily for Sale
  • $28,195,706 CAD
  • 34,928 SF
  • Air Conditioning
  • 24 Hour Access
  • Kitchen

North Hollywood Multifamily for Sale

LOCATION AND NEIGHBORHOOD Located in the highly desirable North Hollywood (NoHo) Arts District, this exceptional multifamily property at 11111 Cumpston Street presents an attractive investment or redevelopment opportunity in one of Los Angeles’ most vibrant urban markets. Situated in the heart of the North Hollywood Arts District, the subject property benefits from proximity to the Metro Red Line transit, major freeways (101, 134, 170), studios, theaters, restaurants, coffee shops, and other cultural amenities that drive both rental demand and long-term growth. 1111 Cumpston Apartments is a modern apartment community with controlled access, secure parking, elevator service, and contemporary interior finishes. The units are designed with everyday convenience in mind (in-unit laundry, quality kitchen features, private balconies), include assigned parking spaces, and are located in a walkable, transit-accessible part of North Hollywood. Positioned on a quiet residential street just moments from major retail, dining, and entertainment corridors, the property benefits from both neighborhood charm and urban accessibility. LOCATION APPEAL 11111 Cumpston sits just minutes from: The Metro Red Line station The NoHo Arts District theaters and galleries Trendy restaurants, cafés, and nightlife Major studios and employment centers Easy access to the 170, 101, and 134 freeways INVESTMENT APPEAL This well-maintained multifamily asset offers strong in-place income. Prime North Hollywood location near Lankershim Blvd & Chandler Blvd Strong rental fundamentals in the area support ongoing cash flow potential. Desirable rental submarket with high demand for rental units. Appealing unit layouts with functional floor plans. Low-maintenance landscaping. Excellent walkability and transit access. Strong tenant base with consistent occupancy history. Strong rental growth potential. Ideal 1031 exchange replacement property. North Hollywood continues to benefit from ongoing redevelopment, infrastructure investment, and increasing rental demand, making this property an ideal acquisition for both seasoned and first-time investors seeking long-term appreciation and stable cash flow. 11111 Cumpston Street presents a rare opportunity to acquire a well-located multifamily investment asset in the heart of the highly desirable NoHo Arts District of North Hollywood. Positioned on a quiet residential street just moments from major transit, retail corridors, and employment centers, the property benefits from strong rental demand, long-term appreciation fundamentals, and continued neighborhood redevelopment. 11111 Cumpston Street represents a compelling opportunity to acquire a well-located multifamily asset in a proven Los Angeles rental submarket. Investors can capitalize on: Reliable in-place income Rent growth potential through renovation Long-term capital appreciation Strategic location within a transit-oriented district This offering is well-suited for private investors, family offices, and 1031 exchange buyers seeking stable performance with upside in a high-barrier-to-entry market. PROPERTY HIGHLIGHTS Building Type: Mid-rise multifamily apartment building Year Built: 2020 Building Size: Approximately 30,000+ sq ft of rentable space and 34,928 sq. ft. of total building area Lot Size: Approx. 0.38-acre parcel or 16,561 sq. ft. Assigned secured parking. STORIES: 4 levels UNITS: 42 apartments (mid-rise style) plus 1 ADU (in process of completion) OCCUPANCY: Historically strong lease-up with high demand for various tenants ZONING: LAR4 multifamily zoning, allowing for higher-density residential use UNIT MIX Studio +1 Bath -24 1 Br +1 Bath - 10 2 Br + 2 Bath - 8 ADU in process of completion - 1 MARKET POSITIONING North Hollywood remains one of the strongest performing multifamily submarkets in Los Angeles County due to: Proximity to major employment centers. Continued infrastructure and transit improvements. Attractive relative rental pricing compared to Hollywood and Studio City. Ongoing redevelopment initiatives. The property’s location within a high-demand rental corridor positions it for consistent occupancy and long-term appreciation. FINANCIAL OFFERING: Seller offers assumable $4.5M loan at 3.75% through 2030. GROSS ANNUAL INCOME IS AROUND $1,176,000 WITH ABOUT $77,011.00 SELLER'S EXPENSES FOR MAINTENANCE. THE AREA'S REAL ESTATE TAXES ARE AT 1.18738%. A COPY OF THE ACTUAL RENT ROLLS IS TO BE PROVIDED TO THE PRE-QUALIFIED BUYER OR THE BUYER'S AGENT. CONFIDENTIALITY & DISCLAIMER This property description has been prepared solely for informational purposes. The information contained herein has been obtained from sources deemed reliable; however, no representation or warranty is made as to its accuracy or completeness. Prospective purchasers should conduct their own independent investigations and due diligence. Information from public sites is deemed reliable but not guaranteed. All measurements are approximate. Buyer shall conduct its own investigation. Seller’s Broker is not liable for any information derived from public sources of information.

Contact:

Elite Estate

Property Subtype:

Apartment

Date on Market:

2026-02-13

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More details for Polo Villas - La Quinta – Hospitality for Sale, La Quinta, CA

Polo Villas - La Quinta

  • Investment Property
  • Hospitality for Sale
  • $106,067,539 CAD
  • 3,636 SF
  • 11 Hospitality Properties

La Quinta Portfolio of properties for Sale

This portfolio also includes 7 additional properties located on Kiwi Ct (also listed, separately for $33,900,000). Investor Opportunity – Polo Villas, La Quinta, CA Presenting a rare and significant investment in one of the Coachella Valley’s most dynamic real estate markets: an exclusive gated community of 18 luxury villas located in La Quinta, CA. This premier property offers a compelling combination of scale, location, entitlement, and revenue potential that is difficult to replicate in Southern California’s vacation rental sector. Key Investment Highlights: • Institutional-Scale, Turnkey Asset: Polo Villas delivers a unique portfolio of 18 fully developed luxury homes designed specifically for short-term rental demand, creating an immediate revenue generation platform for an investor buyer. Each villa features high-end finishes, indoor-outdoor living spaces, private pools and hot tubs, fire pits, and group-oriented amenities tailored for premium guest experiences. • Long-Term STR Entitlement: The community holds a 50-year approval from the City of La Quinta allowing short-term vacation rentals, a highly valuable and increasingly rare entitlement in resort markets where STRs are often restricted. This secured right provides predictable operational flexibility and strong income potential over decades. • Strategic and Event-Driven Location: Positioned just across from the famed Empire Polo Grounds, host site of globally recognized events such as Coachella and Stagecoach, Polo Villas benefits from extreme seasonal demand peaks and premium ADRs. The location also appeals year-round to golf, wellness, and group travel markets, with easy access to world-class courses, fine dining, luxury retail, and Old Town La Quinta attractions. • Group & High-Yield Booking Trends: With a total of nearly 100 bedrooms across 72,000+ sq ft, the property stands out in the short-term rental universe for larger party and multi-unit bookings—an increasingly lucrative segment commanding higher average daily rates and occupancy, particularly around major festival and event windows.

Contact:

Rennie Group

Date on Market:

2026-02-13

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More details for 406 E 7th St, Long Beach, CA - Multifamily for Sale

406 E 7th St

Long Beach, CA 90813

  • Investment Property
  • Multifamily for Sale
  • $2,771,800 CAD
  • 7,323 SF

Long Beach Multifamily for Sale - Long Beach: Downtown

Introducing 406–420 E 7th Street and 652–654 Elm Avenue, Long Beach, CA 90813, a rare three-building, eight-unit mixed-use property located at the corner of 7th Street and Lime Avenue. The property consists of five residential units and three commercial units spread across three separate detached structures, providing a well-diversified income stream. The unit mix includes a detached 2-bedroom, 1-bathroom single-family bungalow at 420 E 7th Street, a mixed-use building at 412 E 7th Street containing three ground-floor retail units with two second-story apartments, and a two-story residential duplex at 652–654 Elm Avenue with one unit upstairs and one downstairs. The property is zoned LBPD-30 and offers excellent visibility with 150 feet of frontage along E 7th Street and 50 feet of depth along both Linden and Elm Avenues. Located on the border of the East Village Arts District, the property benefits from strong walkability and close proximity to downtown Long Beach restaurants, retail, nightlife, cultural attractions, public transportation, and major employment centers. The property is located within the LBPD-30 Downtown Planned Development Zone, which is intended to encourage higher-density, mixed-use redevelopment and provides flexibility for future development potential, subject to City of Long Beach approvals. Financial highlights include actual gross annual income of $201,576 and a Gross Rent Multiplier (GRM) of 10.05, with potential upside through rental growth and strategic management. Due to the mixed-use nature of the asset, the property will qualify for commercial financing, typically requiring approximately 30% down payment for qualified buyers. With multiple detached buildings, diversified income streams, redevelopment potential, and a prime corner location, this property represents a compelling opportunity for investors seeking stable cash flow and long-term appreciation.

Contact:

Sage Real Estate

Property Subtype:

Apartment

Date on Market:

2026-02-13

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