651 E 46Th Street, Long Beach, CA 90807
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Listed Price :
$2,895,000
-
Beds :
N/A
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Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1973
Property Description
651 E. 46th Street is a 12-unit value add investment asset located in the Bixby Knolls neighborhood of Long Beach. The property offers a new investor 34% total rental upside potential for a 7.8% market cap rate. Situated on a 11,154-square-foot lot, the building features all spacious units: (9) 1BD/1BA; (1) 2BD/1BA; (1) 2BD/2BA; and (1) 3BD/2BA. Additionally, the 100% electric building includes copper plumbing throughout. Onsite laundry provides a convenient facility for tenants and an added income stream for the owner. Ten (10) garages and two (2) surface spaces offer the potential to provide additional income as well as ADU opportunities. Located within steps to Aldi and other amenities, the property is also in close proximity to Atlantic Avenue's restaurants, coffee shops and amenities. In recent years the area has become a dynamic locale for exciting new businesses. The Bixby Knolls location offers convenient proximity to both the 710 and 405 freeways, providing quick and easy access to all areas of Southern California.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
651 E 46Th Street |
| City |
Long Beach |
| State |
CA |
| Zip |
90807 |
| County |
Los Angeles |
| Listing Agent |
Robert Stepp DRE #01456379 |
| Co-Listing Agent |
Todd Hawke DRE #01376219 |
| Courtesy Of |
Keller Williams - Santa Monica |
| List Price |
$2,895,000 |
| Status |
Active Under Contract |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
11,157 |
| Year Built |
1973 |
Listing information courtesy of: Robert Stepp, Todd Hawke, Keller Williams - Santa Monica. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 29th, 2024 at 11:00 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
