90813, CA homes for sale & real estate

90813, CA Homes for Sale

This 12-unit multifamily property, located in the highly sought-after 90814 zip code of Long Beach, presents a rare opportunity to acquire a fully renovated, turnkey investment in a thriving rental market. Built in 1923, the property was thoughtfully upgraded in 2023 with new flooring, paint, and appliances—ensuring a contemporary living experience while preserving its classic architectural charm. The unit mix consists of one-bedroom, one-bath units, catering to the strong demand from the area’s blue-collar workforce. With historically high occupancy rates and consistent rental growth in Long Beach, this property provides immediate cash flow with potential for further rent optim

90813, CA Homes for Sale

Priced to sell at 10.3 GRM and 6.3% CAP with upside to 9.6 GRM and a 7.0% CAP. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.8%). Located on the West Side blocks from Downtown Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree-lined street. The property is professionally managed and well-maintained. All units have their own private parking included, and most have a private outdoor patio. All have W/ D hookups. All units have their own water heater. A new owner can raise rents to market and achieve a 9.6 GRM and 7.0% CAP. Earn over a 9% cash-on-cash return at market rents. EMAIL LISTING AGENT FOR MORE INF

90813, CA Homes for Sale

A great investment property in the historic Willmore District. All units have been upgraded kitchens and baths. Walk-in closets, refinished hardwood floors and private laundry facilities in every apartment. Close to restaurants, public transportation. Separately metered gas and electric meters paid by tenants. Upside potential for rent increases as Long Beach rents is controlled by California Tenant Protection Act (AB 1482) where the maximum rent increase at this time is 8.9%.

90813, CA Homes for Sale

Awesome 7-Unit Rental Property with Major Upside Potential! Don’t miss this unique investment opportunity featuring 7 rental units spread across 5 individual buildings in a well-maintained compound. With strong tenant stability and significant room for rent increases, this is the perfect value-add property for savvy investors. Each unit has its own individual water heater and separately metered gas and electricity, making this a low-maintenance investment with minimal owner expenses. Very quiet and stable tenants. Units are unfurnished; tenants provide their own refrigerators and stoves. Current rents are below market, providing a great opportunity to increase cash flow over time with