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Key Details
Sold Price $1,470,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 6,182 sqft
Price per Sqft $237
MLS Listing ID CL24455767
Sold Date 02/20/25
HOA Y/N No
Year Built 1959
Lot Size 6,632 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
Nine-unit apartment building located in the Wrigley area of Long Beach, on a quiet residential street near the major cross streets of Long Beach Boulevard & Willow Street. 266 E 25th is located in an area with upside potential, offering a mix of (2) 2 Bed/1 Bath units, (6) 1 Bed/1 bath units and (1) Single unit. Property features include 6 private garages, separate utility meters, a laundry room with 1 washer/1 dryer and a gated perimeter, all of which support tenant security and convenience. Residents enjoy convenient access to nearby shopping and access to the Pacific Coast Metro, the 405 and 710 freeways. A 10-15 min drive to downtown Long Beach, Cal State Long Beach and the Long Beach Airport. Long Beach's strong rental market provides a new owner with the opportunity to take advantage of the high demand in this area. With current rents below market rates, this 9-unit building is an attractive investment opportunity for those looking to capitalize on its upside potential.
Location
State CA
County Los Angeles
Zoning LBR2
Interior
Heating Electric, Radiant
Cooling None
Fireplace No
Laundry Community Facility
Building
New Construction No
Others
Tax ID 7208011010
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Bought with JenniferKleinert
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122