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$ 1,995,000
Est. payment /mo
Active Under Contract
266 E 25th ST Long Beach, CA 90806
6,629 Sqft Lot
UPDATED:
12/05/2024 05:17 AM
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 24455763
HOA Y/N No
Year Built 1959
Lot Size 6,629 Sqft
Property Description
Nine-unit apartment building located in the Wrigley area of Long Beach, on a quiet residential street near the major cross streets of Long Beach Boulevard & Willow Street. 266 E 25th is located in an area with upside potential, offering a mix of (2) 2 Bed/1 Bath units, (6) 1 Bed/1 bath units and (1) Single unit. Property features include 6 private garages, separate utility meters, a laundry room with 1 washer/1 dryer and a gated perimeter, all of which support tenant security and convenience. Residents enjoy convenient access to nearby shopping and access to the Pacific Coast Metro, the 405 and 710 freeways. A 10-15 min drive to downtown Long Beach, Cal State Long Beach and the Long Beach Airport. Long Beach's strong rental market provides a new owner with the opportunity to take advantage of the high demand in this area. With current rents below market rates, this 9-unit building is an attractive investment opportunity for those looking to capitalize on its upside potential.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR2N
Interior
Heating Electric, Radiant
Fireplace No
Laundry Common Area
Exterior
Community Features Gated
Total Parking Spaces 6
Building
Story 2
Others
Tax ID 7208011010
Security Features Gated Community
Special Listing Condition Standard
Listed by Jacqueline Knoll • Coldwell Banker Realty