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$1,625,000
Est. payment /mo
10 Beds
7 Baths
5,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $318
MLS Listing ID 25534083
Bedrooms 10
HOA Y/N No
Year Built 1953
Lot Size 6,564 Sqft
Property Description
We are pleased to present 870 W 19th Street, a 7 unit multifamily investment opportunity located on a corner lot in a quiet, family-oriented residential community of Long Beach. Built in 1953, this two-story, walk-up style apartment building features a well-balanced unit mix consisting of four (4) one-bedroom/one-bathroom units and three (3) two-bedroom/one-bathroom units. Encompassing approximately 5,100 rentable square feet on a 6,565 square foot lot, the property includes three (3) garages currently used for storage, offering potential for future ADU conversion, five surface parking spaces, and the on-site laundry facility provides an additional income stream. The property has undergone significant capital improvements, including new windows, exterior paint, upgraded balcony railing, water heater, and a roof replacement in 2016. The property presents a unique opportunity to acquire a well-maintained pride of ownership building with over 25% rental upside potential while offering low operating expenses, strong in-place income, and future upside through rental repositioning in the high demand rental market of Long Beach.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR1N
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Door-Single, Garage
Garage Spaces 3.0
Garage Description 3.0
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7202029011
Special Listing Condition Standard
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Listed by Kamfar Kyle Mirrafati • Matthews Real Estate Investment Services