322 E 10th St
Long Beach, CA 90813
322 East 10th Street, Long Beach, CA 90813 · Multifamily Property For Sale · 5 Units

CBC Advisors is proud to present this 4,273-square foot, five-unit apartment property located at 322-322 1/2 East 10th Street in Long Beach, California. The asset is located in close proximity to the Long Beach Convention Center, Aquarium of the Pacific and Downtown Long Beach. The property is also of walking distance to the many retail shops, restaurants and grocery stores of Long Beach Boulevard. With direct access to the 710 Freeway and Pacific Coast Highway, the investment possesses immediate transit to the many surrounding employment hubs of Long Beach County and the South Bay. Situated on a 7,494-square foot lot, the property consists of one three-bedroom/ one-bathroom house and four one-bedroom/one-bathroom units. The four one-bedroom units are located in a separate building at the rear of the property. The three-bedroom house has its own private garden. There is a courtyard between the two buildings and a long driveway which provides parking for the tenants. 322 East 10th Street provides an investor the ability to purchase a non-rent controlled cash flow producing asset in a booming rental market. The property allows for strong leverage, positive cash flow, and the opportunity to continue increasing rents through property upgrades and renovation.