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$2,075,000
Est. payment /mo
5,112 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,112 sqft
Price per Sqft $405
MLS Listing ID CRPW25191546
HOA Y/N No
Year Built 1932
Lot Size 8,145 Sqft
Acres 0.19
Property Sub-Type Other
Property Description
Spanish-style 8-unit apartment building located in the South Wrigley neighborhood of Long Beach. The property recently received a full exterior refresh and the interiors have been renovated at different times over the past five years. The building is in good condition with strong in-place rents, offering stable income and future upside. The property includes 8 garages at the rear that are currently unused and offer a new owner several opportunities to add value. A new owner could: Lease the garages for extra parking income, Convert the garages into ADUs, or take advantage of SB 1211, which may allow up to 8 new ADUs on the site (buyer to verify). If developed, 8 new studio ADUs rented at $1,500/month could add $144,000 in gross annual income. This property offers classic curb appeal, updated interiors, steady cash flow, and multiple opportunities to increase revenue.
Location
State CA
County Los Angeles
Zoning LBR2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Other
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 7209023019
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Cody Charnell • Sage Real Estate Group, Inc.
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