Active
928 Long Beach Blvd
Long Beach CA, 90813
$2,400,000
$353.30 per sqft
Active
6,793 sqft
Commercial
Listed by Benny Huynh with Advance Estate Realty 714-757-6283
This prime 12-unit apartment complex in Downtown Long Beach offers exceptional investment potential. Located in the PD30 Zone, the property benefits from favorable city incentives and provides opportunities for both long-term holding and redevelopment into additional multi-units. Spanning a 12,537 sqft lot with 6,793 sqft of living space, the complex features two side-by-side buildings and is currently occupied by long-term tenants, presenting ample room for rent increases. Situated just minutes from the beach, with easy access to amenities, entertainment, freeways, and transportation hubs, the property is strategically positioned for growth. With Long Beach's plans to revamp downtown by 2028, this asset could see its value multiply up to ten times, making it a highly desirable and valuable investment opportunity.
OC24076227
MLSⓇ ID
April 16, 2024
Listed
August 30, 2024
Updated
Map
928 Long Beach Blvd
Long Beach CA, 90813
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.29 Acres
Lot Features
0-1 Unit/Acre
Other Property Details
Area Name
7 - North Long Beach
Days on Market
131
Garage
No
View
No
County
Los Angeles
Water Source
Public
Pool
No
Zoning
LBPD29. Opportunity zone
Listing History
Date | Event | Price |
|---|---|---|
6/14/2024 | Price change | $2,400,000 -8% |
Listing Contact: 714-894-4306
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 8/30/2024 at 7:52 PM UTC