Property Details
About this Property
651 E. 46th Street is a 12-unit value add investment asset located in the Bixby Knolls neighborhood of Long Beach. The property offers a new investor 34% total rental upside potential for a 7.8% market cap rate. Situated on a 11,154-square-foot lot, the building features all spacious units: (9) 1BD/1BA; (1) 2BD/1BA; (1) 2BD/2BA; and (1) 3BD/2BA. Additionally, the 100% electric building includes copper plumbing throughout. Onsite laundry provides a convenient facility for tenants and an added income stream for the owner. Ten (10) garages and two (2) surface spaces offer the potential to provide additional income as well as ADU opportunities. Located within steps to Aldi and other amenities, the property is also in close proximity to Atlantic Avenue's restaurants, coffee shops and amenities. In recent years the area has become a dynamic locale for exciting new businesses. The Bixby Knolls location offers convenient proximity to both the 710 and 405 freeways, providing quick and easy access to all areas of Southern California.
MLS Listing Information
MLS #
CRPW24210020
MLS Source
California Regional MLS
Interior Features
Heating
Radiant
Parking, School, and Other Information
Garage/Parking
Garage: 10 Car(s)
Contact Information
Listing Agent
Robert Stepp
Keller Williams - Santa Monica
License #: 01456379
Phone: (310) 774-3740
Co-Listing Agent
Todd Hawke
License #: 01376219
Phone: (562) 209-7783
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
651 E 46th St is a Residential Income in Long Beach, CA 90807. This – square foot property sits on a 11,157 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,770,000 and was built in 1973. This address can also be written as 651 E 46th St, Long Beach, CA 90807.
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This listing information is up-to-date as of December 26, 2024. For the most current information, please contact Robert Stepp, (310) 774-3740
