1000 E 10th St, Long Beach, CA 90813

1000 E 10th St, Long Beach, CA 90813

Long Beach, CA

Property Description

We are pleased to present 1000 E 10 th St in Long Beach. This 7 unit apartment building consists of (7) 2 bedroom, bathroom units which have been updated and converted into higher densitydwelling units. Privacy walls and doors have been added to accommodate an additional bedroom in each unit. A total of 21 bedrooms are possible to rent out, and currently 11 of those bedrooms are actively rented. This property has a total of 5,340 sqft of livable space, situated on a 5,227 sqft lot. The owners have formed authentic relationships with local government, law enforcement, and various low-income programs such as the General Relief Housing Subsidy and Case Management Programs in order to maintain a reliable resource for tenants. The property is located in close proximity to the Metro Blue Line train station and various bus routes providing excellent public transportation. This property is also located in an Opportunity Zone allowing for potential developments and substantial tax benefits for new buyers. Development in this area would coincide with the Long Beach Downtown Plan as well as the Opportunity Zone social impact principles. Buyer to verify.

Property Features

  • Sale Price: $1,599,000
  • Area Size: 5,340 Sq. Ft.
  • Land Area: 5,227 Sq. Ft.
  • Year Built: 1927
  • Listing Date: 1/19/2024
  • Units: 7