1830 W Willow St, Long Beach, CA 90810

1830 W Willow St, Long Beach, CA 90810

Long Beach, CA

Property Description

1830 W Willow Street is a 3,250 SF 6-Unit property on a 3,618 SF lot in Long Beach. The property consists of all 1-Bed/1-Bath units and there is immediate upside with (3) current vacancies. Currently operating at a CAP rate of 5.39% with Market CAP of 6.21%, this property provides any investor solid cashflow with potential for upside via upgrades and rent increases. It is also strategically located in the up-and-coming neighborhood of West Long Beach, offering easy access to the Retail and Restaurants on Willow Street and a short drive to Downtown Long Beach With its premier location, current income, and immediate upside, 1830 W Willow Street is an outstanding opportunity for investors looking for a value-add opportunity in the Harbor Area.

Property Features

  • Sale Price: $1,195,000
  • Rent: 3,250 SF
  • Year Built: 1992
  • Listing Date: 5/2/2024
  • Units: 6
  • Current Cap Rate: 5.39%
  • Market Cap Rate: 6.21%

Lyon Stahl Investment Real Estate

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