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206 1/2 E 68th St
Long Beach, CA 90805
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Large 11,541 SF Lot providing land value and long-term redevelopment flexibility
- ADU Development Potential (subject to buyer verification with the City of Long Beach)
- Strong in-place rental fundamentals with value-add upside
- Diversified Unit Mix appealing to families, roommates, and individual renters
- Garage configuration may support conversion and/ or detached ADU addition
- Located in an established Long Beach rental corridor
Executive Summary
Positioned on an expansive 11,541 square foot lot, the property comprises 3,372 square feet of building area and features a layout that blends single-family appeal with multifamily income stability. The front of the parcel includes a detached three-bedroom, two-bath single-family residence (approximately 1,200 square feet), providing privacy and strong rental demand typically associated with standalone homes.
Property Facts
| Price Per Unit | $375,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 4 | Building Size | 11,540 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1944 |
| Apartment Style | Garden | ||
| Zoning | LBR1N - Single-Family Residential | ||
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 11,540 SF |
| No. Stories | 2 |
| Year Built | 1944 |
| Zoning | LBR1N - Single-Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 3+2 | 1 | - | - |
Property Taxes
| Parcel Number | 7303-018-002 | Improvements Assessment | $649,458 |
| Land Assessment | $676,520 | Total Assessment | $1,325,978 |
Property Taxes
Parcel Number
7303-018-002
Land Assessment
$676,520
Improvements Assessment
$649,458
Total Assessment
$1,325,978
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