500 E 51st Street #15

Long Beach, CA 90805

  • 0 Bed(s)
  • 0 Bath(s)
  • 11,322 Sqft
  • 7384
    Sqft(Lot)
$3,885,000

Description

Located in the heart of long beach, 15 unit apartment building majority 2 bedrooms (10) and five 1 bedrooms. this building offers a prime investment opportunity with upside in rents. with a diverse pool of tenant base looking for affordable housing there's sure to be a stream of renters. there is also opportunity for additional income with garage spaces as well as potential rubs income, one side of the building is master metered. recent cap ex includes a new roof over the 500 side of the property and roof update to the 520 side. all new paint over the entire building. hand railings were reinforced on the second floor, walkways were also updated and re done. new flooring in the laundry rooms, a new 100 gallon water heater on the 500 side. and 90% of the units have vinyl plank, all recently installed. with all the work being done recently there is still opportunity for an investor to increase rent and add additional income.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49058253

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Heating Source

    • Floor Furnace
    • Has Heating

  • Building Information

    • Year Built: 1963
    • Building Area Total: 11,322

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1695
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7384

  • Listing Price Information

    • Original List Price: 3,885,000
    • Listing Contract Date: 2025-03-21

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7130016031

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 6 - Bixby, Bixby Knolls, Los Cerritos
    • Directions: Off of Atlantic
    • Zoning: LBR4R
    • Source Property Type: Residential Income
    • Area: 6 - Bixby, Bixby Knolls, Los Cerritos
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 62
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/08/2025 @ 21:27

  • MLS: PW25062894
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 11,322 sqft, 7,384 sized lot, and 11 parking. are nearby neighborhoods.