33.880722 -118.20398

6974 Long Beach Boulevard Long Beach, CA 90805

249100977 33.880722 -118.20398 124 /listing/249100977-150190256/6974-long-beach-boulevard-long-beach-ca-90805 False 0 6425000.0 105 CV19206101 False
  • $6,425,000
  • 26,879 lot
  • Est payment $34490.79/mo

Property & Neighborhood Info

Courtesy Of DAVID COVARRUBIAS, MARCUS & MILLICHAP

Multi-Family in Long Beach

6974 Long Beach Boulevard, is a 27-unit multifamily investment property located in Long Beach, California. The property is located on Long Beach Boulevard, North of State Route 91 and South of Alondra Boulevard. The property also has easy access to the 710 Long Beach Freeway, Interstate 105 and State Route 91, providing residents with convenient access to Los Angeles County. The 17,703 square foot property consists of (18) one bedroom/one bathroom and (9) two bedroom/one bathroom floorplans. Built in 1965, the property sits on a .62 acre parcel and offers amenities including garage parking, on-site laundry, secured entrance and parking. In addition, the units are individually metered for gas and electricityand have individual hot water heaters.Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach's world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California's most desirable and versatile markets. Given the strength of the overall apartment market within the city of Long Beach, 6974 Long Beach Blvd offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities.

Courtesy Of DAVID COVARRUBIAS, MARCUS & MILLICHAP
  1. 26,879 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1965
  • Garage: 27.0
  • County: Los Angeles County
  • Units: 27
  • Zoning: LBR3S
  • MLS Number:CV19206101

Additional Features

  • Laundry:
    • Common Area
  • Common Walls:
    • 1 common wall
  • Water Source:
    • Public
  • Year Built Source:
    • Public Records
  • Land Size Source:
    • Assessor
  • Lot Features:
    • 26-30 Units/Acre
  • Pool Features:
    • None
  • Parking Spaces:
    • 27.00
  • Sewer:
    • Public Sewer
  • Community Features:
    • Curbs
  • Number of Buildings:
    • 2
  • Gross Income:
    • 453132.00
  • Net Operating Income:
    • 297311.00
  • CDOM:
    • 121
  • Special Conditions:
    • Standard
  • Fuel Exp:
    • 1307.00
  • Gross Operating Income:
    • 453132.00
  • Insurance Expense:
    • 6103.00
  • Listing Key:
    • 363308559
  • Lot Size Acres:
    • 0.6171
  • Lot Size Square Feet:
    • 26879.00
  • Maintenance Exp:
    • 23190.00
  • Number Of Units Leased:
    • 27
  • Operating Expense:
    • 155821.00
  • Other Income/Mo:
    • 3180.00
  • Price Per SQFT:
    • 362.93
  • Tax ID:
    • 7304001008
  • Total Expenses:
    • 155821.00
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Let us help you!
First American Team Realty Inc
First American Team Realty Inc
(562) 427-7765
2501 Cherry Ave., Suite 100 Signal Hill CA 90755
no name available First American Team Realty Inc
33.880722 -118.20398

6974 Long Beach Boulevard Long Beach, CA 90805

249100977 33.880722 -118.20398 124 /listing/249100977-150190256/6974-long-beach-boulevard-long-beach-ca-90805 False 0 6425000.0 105 CV19206101 False
  • $6,425,000
  • 26,879 lot
  • Est payment $34490.79/mo