508 W 10th St 4 Unit Apartment Building $1,495,000 ($373,750/Unit) 6.79% Cap Rate Long Beach, CA 90813

Allure Capital Management is pleased to present the opportunity to acquire the Fee Simple Interest in 508 W 10th Street (the “Property”), a four-unit, 3,276 square foot multifamily property located in the heart of Long Beach, California. Built in 1921, the Property features timeless architectural character, functional layouts, and an attached four-car garage, providing an ideal blend of vintage appeal and investment stability in one of Southern California’s most resilient coastal markets.
The Property is centrally situated in Downtown Long Beach, offering residents convenient access to major employment hubs, public transit, and the city’s thriving entertainment, retail, and dining scene. Its proximity to the 405, 110, and 710 Freeways ensures strong connectivity to surrounding economic centers including Downtown Los Angeles, Santa Monica, Anaheim, and Irvine, while nearby destinations such as Shoreline Village, the Pike Outlets, and the Port of Long Beach enhance the area’s livability and rental demand.
508 W 10th Street presents an opportunity for an investor to acquire a vacant asset with meaningful upside through strategic lease-up. The Property allows ownership to selectively choose top-quality tenants and bring all suites to true market rents, creating a clear path toward strong cash flow and long-term value.