1956 San Francisco Ave, is a well-maintained and professionally managed multi-unit property in Long Beach presents a prime investment opportunity with significant rental upside. Boasting a high square footage count, the building offers spacious units and a functional layout, making it an attractive choice for tenants and investors alike. The property features seven existing units, with the potential to legalize an eighth unit, providing additional income possibilities. Units are modernized upon turnover, with upgrades including LVT flooring replacing carpet, and each unit comes equipped with a stove and refrigerator. Key amenities include: Four garages (two rented separately, two used by owner-occupied units) Street parking available, On-site laundry facility (machines owned by vendor, contracted with All Valley) Trash dumpster on-site, New hot water heater (2024), Lawn sprinkler system and a re-tarred roof and exterior painting within the past 10 years.
Details
Type:
Multi-Family/Income Sale
Subdivision: 5 - Wrigley Area
County: Los Angeles
Tax ID: 7202028026
Cap Rate: 5.40%
Gross Rent Multiplier: 11.40
Days on Market: 13
AltCal ID: CRPW25035560
Laundry: Washer/Dryer - Leased, Community Facility
1956 San Francisco Ave., Long Beach, CA 90806
Directions to here from: 155 mi
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Listed by Philip DeMatteo with First Team Real Estate
Based on information from the MLSListings MLS) as of 2/22/2025. 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.
