2040 W Wardlow Rd
Long Beach, CA 90810
Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 9,499 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 0.84/1,000 SF |
| Zoning | R1N, Long Beach | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 9,499 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | R1N, Long Beach |
Amenities
Unit Amenities
- Balcony
About 2040 W WARDLOW RD , LONG BEACH, CA 90810
The King Real Estate Group of Marcus & Millichap is pleased to present a 12- unit apartment building located at 2040 Wardlow Road in Long Beach, California. Built in 1964, the subject property consists of 9,499 rentable square feet spread throughout a 8,529 square foot lot. The building consists of all 2-bedroom / 1-bathroom units. Tenants have convenient access to freeways as well as many shops and restaurants. The property features an onsite laundry room for tenants’ convenience. Owners enjoy the high demand for rentals in a coastal city of Southern California. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a great location with true rental upside and stable return.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,448 | 750 - 792 |
Property Taxes
| Parcel Number | 7317-004-002 | Improvements Assessment | $659,422 |
| Land Assessment | $816,430 | Total Assessment | $1,475,852 |
Property Taxes
