125 E Spring St
Long Beach, CA 90806
Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 7,056 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 0.85/1,000 SF |
| Zoning | LBR4N | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,056 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | LBR4N |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Tub/Shower
About 125 E SPRING ST , LONG BEACH, CA 90806
125 Spring Street is a 9-unit investment opportunity in the Wrigley-Memorial Heights neighborhood of Long Beach. Built in 1963, the building features (4) two-bedroom/one-bath units and (5) one-bedroom/one-bath units, as well as (6) garages. Wrigley-Memorial Heights offers commuters quick access to all parts of Long Beach and Greater Los Angeles via major freeways as well as the Metro Blue Line, which runs between Downtown Long Beach and Downtown Los Angeles, with 22 stops along the way. Also in close proximity are employment and retail hubs - the Douglas Park office park and the Long Beach Exchange. The city is also in the midst of planning for the Globemaster Specific Corridor, the 93-acre site formerly home to Boeing’s C-17 manufacturing site. Recently purchased by Goodman Group, plans will potentially encompass commercial and residential projects. This property provides an excellent opportunity for an investor to own an asset with over 18 percent upside potential in a dynamic and growing location.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,331 | 651 |
| 2+1 | 4 | $1,576 | 950 |
Property Taxes
| Parcel Number | 7206-020-039 | Improvements Assessment | $1,312,373 |
| Land Assessment | $874,915 | Total Assessment | $2,187,288 |
Property Taxes
