Historical Multifamily Sale Listing - Twin Palms Apartments

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Twin Palms Apartments

1522 Redondo Ave., Long Beach, CA 90804

N/A

18 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
18
Building Size:
14,880 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
5.90%
Gross Rent Multiplier:
11.80
Year Built:
1964
Listing ID
18169194
Last Updated
over 1 year ago

Description

CBRE, an exclusive advisor is proud to present the rare opportunity to purchase Twin Palms apartment building located in the coveted eastside of Long Beach, one of the best rental submarkets in the city of Long Beach. The 1960 balcony style building is an all electric building individually metered with individual water heaters for each unit. There are 20 gated parking spots.

The 18 unit apartment building is in prime rental location just a short distance away from the traffic circle with easy access to the 405 freeway. Tenants have the option to walk to banks, retail, restaurants, as well as public transportation.

Map of 1522 Redondo Ave., Long Beach, CA 90804 (Los Angeles County)

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