Long Beach, CA 90805,30 W 49th Street
Long Beach, CA 90805,30 W 49th Street
Long Beach, CA 90805,30 W 49th Street
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$3,450,000
Est. payment /mo
8,692 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 8,692 sqft

Price per Sqft $396

MLS Listing ID CRPW25184626

HOA Y/N No

Year Built 1963

Lot Size 10,078 Sqft

Acres 0.23

Property Sub-Type Other

Property Description

30 W. 49th Street is a 12-unit stabilized investment opportunity in North Bixby Knolls, offered at a 5.97% cap rate on current rents. The controlled-access building features mostly two-bedroom units (11 of the 12) and a convenient one-to-one parking ratio. Additional income is generated from on-site laundry facilities. Recent capital improvements include a new roof and new windows throughout, and SB 721 (Balcony Inspection) has been completed. Situated near the vibrant Bixby Knolls district, residents enjoy walkable access to dining, shopping, and entertainment, along with excellent connectivity to major transportation routes. Combining strong in-place financial performance, a prime location, and well-maintained condition, this asset offers investors immediate cash flow and long-term appreciation potential in a desirable Long Beach submarket.

Location

State CA

County Los Angeles

Zoning LBR1

Interior

Fireplace No

Laundry Other

Building

New Construction No

Others

Tax ID 7133032048


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Bridge MLS
Listed by Robert Stepp • Keller Williams Realty Downey

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30 W 49th Street