The property is a 1-story building located in Long Beach with no parking. 6410 N Paramount Blvd is a very charming apartment situated in Long Beach. Built in 1929, with wood frame and stucco construction, is separately metered for gas and electricity and is comprised of 2,752 square feet of improvements sitting on a 4,487 square foot lot. The property is located near Paramount Blvd & Artesia Blvd.
This asset offers an investor the rare opportunity to purchase a well-maintained, well-located asset with exceptional value to add and tremendous upside potential. For an investor focused on appreciation, this is an ideal investment. The average square feet of each unit is approximately 183 SF,and will achieve very high rents upon re positioning and an investors ability to reach top market rents.
The current average rent is $879 dollars, and market rents at $950 on an average basis based on the rent roll we have. This is a very rare opportunity and this asset is perfect for a long term astute investor who has longevity in mind with respect to an investment timeline.
The property is located in Long Beach, CA near the corner of Paramount Blvd & Artesia Blvd. Long Beach is California' s 7th largest city, and Downtown Long Beach is one of Southern California' s top waterfront destinations. Scenic Downtown Long Beach and waterfront marina set the standard for walkability. Within conveniently close proximity there are first-class hotel accommodations, shopping, numerous entertainment options and more than 100 restaurants within an eight-block area.
Downtown Long Beach residents and visitors can experience it all, from a deep sea adventure at the Aquarium of the Pacific right on the bay and a voyage in time aboard the historic Queen Mary, to lively guided tours through Downtown and the colorful East Village. Long Beach is a cultural and entertainment hotspot with numerous attractions like the regal Queen Mary, stirring Broadway shows,live music venues and hundreds of exclusive dining destinations.
