Log In/Sign Up
Your email has been sent.
1050 E Hellman St
Long Beach, CA 90813
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Turnkey, well maintained property with upgraded electrical & panels, newer 75-gallon water heater, new ABS sewer lines, new roof on rear building.
- Refreshed interiors with Cesar stone kitchen counters, luxury vinyl floors, wall heaters, and portable A/C in all units
- Ease of ownership - easy to manage and virtually no grounds work. 4 remote control garages and storage units available.
Executive Summary
This well-maintained and upgraded 6-unit property is a turnkey multi-family investment opportunity. Located in one of Long Beach's sought-after rental markets, this property offers 2 quality buildings on one lot totaling approximately 3,542 SF of living space on a generous 4,240 SF lot. Front building is 4 one-bedroom, one bath units and the rear building has 2 one-bedroom, one bath units over four single-car garages. Property has undergone significant improvements including upgraded electrical and panels, new ABS sewer lines, remote-controlled garage doors, a new roof on the rear building, foundation fortification, new 75-gallon water heater, and refreshed interiors with stainless steel stoves. Cesar stone kitchen counters, luxury vinyl floors, wall heaters, and portable A/C in all units. This is a solid fit for an investor seeking an easy-to-manage asset with garages and virtually no grounds work. What distinguishes this offering is the scale, proximity to everyday conveniences, and ease of ownership - a rare combination.
Property Facts
| Price Per Unit | $249,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.94% | Building Size | 3,542 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LBR2N - Limited Multi-Family Residential | ||
| Price Per Unit | $249,500 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 3,542 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 1.13/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LBR2N - Limited Multi-Family Residential |
Amenities
Site Amenities
- Gas Range
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,610 | - |
Property Taxes
| Parcel Number | 7266-004-047 | Improvements Assessment | $407,340 |
| Land Assessment | $944,396 | Total Assessment | $1,351,736 |
Property Taxes
Parcel Number
7266-004-047
Land Assessment
$944,396
Improvements Assessment
$407,340
Total Assessment
$1,351,736
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
