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3 Multi Unit Buildings sold in Long Beach and Los Angeles

3 Multi Unit Buildings sold in Long Beach and Los Angeles

Lyon | Stahl is excited to have closed the following Multi Unit Buildings!

  • 3333 & 3337 E 15th St, Long Beach, CA 90804: Sold at $1,252,000

This beautiful 6-unit property is located in the highly desirable traffic circle area of Long Beach. Built on a 6,778 SF lot, the property consists of (1) 1-bed/1-bath HOUSE, and (5) 1-bed/1-bath units. Well maintained and landscaped, the property is equipped with 4 garages, and a total of 8 parking spaces. Plenty of upside in market rents, and a very achievable CAP of 6.54 cap rate and 11 GRM. This area attracts business professionals and college students alike with its close proximity to the 405 and Pacific Coast Highway.

The back house is quite large and can be rented for 1800 a month. Parking in the area rents for $150 a space and two of the front units will be delivered vacant at the close of escrow allowing for someone to increase the rents to market. This asset is the perfect investment for an exchange buyer or owner looking to own a piece of one of Southern California’s last affordable beach communities.

To learn more about this property:

 

  • 150 East Ave 32, Los Angeles, CA 90031: Sold at $1,160,000

150 E Ave 32 is a multi-family home in Los Angeles, CA 90031. This 4,550 square foot multi-family home sits on a 7,496 square foot lot and features 10 bedrooms and 6 bathrooms.

To learn more about this property:

 

  • 1950 San Francisco Ave, Long Beach, CA 90806: Sold at $820,000

1950 San Francisco Ave, Long Beach, CA is a 5-Unit building that contains 3,439 sq ft and was built in 1946. It contains 4 bedrooms and 2 bathrooms.

To learn more about this property:

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