REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Pat Swanson • Pat Swanson
$ 1,799,000
Est. payment | /mo
5,504 SqFt
$ 1,799,000
Est. payment | /mo
5,504 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,504 sqft
Price per Sqft $326
MLS Listing ID OC-25078995
Year Built 1932
Lot Size 6,500 Sqft
Property Sub-Type Apartment
Property Description
Beautifully restored Spanish Revival 6-unit complex in Long Beach's historic South Wrigley neighborhood. Features (4) large 2-bed/1-bath and (2) 1-bed/1-bath units totaling 5,504 SF. Upgrades include new electrical panels, copper plumbing, on-site laundry, and garages. Assumable financing at 3.20% fixed through May 2026, then 4.20% until Nov 2026, 5.20% until May 2027, and 6.20% until Nov 2027. Current 5.10% cap rate with upside to 6.67% pro forma. Additional income could be achieved through RUBS, pet rent, parking, and potential ADU development where existing garages are located. Excellent location near Downtown, transit, and schools--strong cash flow and long-term upside.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Laundry Common Area, Individual Room
Exterior
Parking Features Gated
Garage Spaces 5.0
Pool None
Community Features Biking, Gutters, Sidewalks, Urban
Building
Lot Description 6-10 Units/Acre
Sewer Other, Public Sewer
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "