928 Long Beach Blvd

Long Beach, CA 90813

PRICE REDUCED

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-$199,999 (-7.69%)

$2,400,000

List Price

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Property Description

This prime 12-unit apartment complex in Downtown Long Beach offers exceptional investment potential. Located in the PD30 Zone, the property benefits from favorable city incentives and provides opportunities for both long-term holding and redevelopment into additional multi-units. Spanning a 12,537 sqft lot with 6,793 sqft of living space, the complex features two side-by-side buildings and is currently occupied by long-term tenants, presenting ample room for rent increases. Situated just minutes from the beach, with easy access to amenities, entertainment, freeways, and transportation hubs, the property is strategically positioned for growth. With Long Beach’s plans to revamp downtown by 2028, this asset could see its value multiply up to ten times, making it a highly desirable and valuable investment opportunity.

Listing Information

List Price $2,400,000
Status Active
MLS OC24076227
Type Commercial
Subtype Multi Family
Lot Size 12,532
Structure Size N/A
DOM 161
Courtesy Of Advance Estate Realty
Listing Agent Benny Huynh DRE#01756802
Co-Listing Agent Minh Pham DRE#01924281

Interior Features

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Maps

Listing information courtesy of: Benny Huynh, Minh Pham, Advance Estate Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 4:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.