Long Beach Homes with Apartment Subtype

Long Beach Homes with Apartment Subtype

Welcome to Long Beach, California – a vibrant coastal city nestled in the heart of Los Angeles County. Known for its stunning waterfront, diverse culture, and bustling arts scene, Long Beach offers a unique blend of urban living and beachside relaxation. With its sunny climate, residents enjoy year-round outdoor activities, from beach volleyball to sailing in the picturesque harbor.

Long Beach is home to a variety of neighborhoods, each with its own character and charm. Whether you’re strolling through the historic district of Bixby Knolls or enjoying the trendy shops and eateries in Belmont Shore, there’s always something new to explore. The city also boasts a thriving arts community, with events like the Long Beach Jazz Festival and the Long Beach Museum of Art showcasing the rich cultural tapestry of the area.

For those seeking a home in this dynamic city, Long Beach offers a fantastic selection of apartments. With the apartment subtype being a prominent feature in the real estate market here, potential homeowners can find a range of options that cater to diverse lifestyles. From modern high-rises with stunning ocean views to cozy garden-style apartments nestled in quiet neighborhoods, there’s something for everyone.

Living in Long Beach means embracing a lifestyle filled with convenience and excitement. With easy access to downtown Los Angeles, top-notch schools, and beautiful parks, it’s no wonder that so many are drawn to this coastal gem. Discover your dream apartment in Long Beach today and experience the perfect blend of city and seaside living!

Newest Long Beach Homes with Apartment Subtype

5529 Dairy, Long Beach
$3,195,000
SB26216803 MLS ⋅ Active Status
Price Reduction! Rare opportunity to own a turnkey 10-unit, non-rent-controlled apartment building in North Long Beach, producing strong cash flow at an approximately 7% current cap rate from day one. The building was taken down to the framing in 2022 under permit and extensively rebuilt with a new roof, new electrical and plumbing systems, new HVAC, new windows, and an individual water heater for every unit. Interiors feature new cabinetry, flooring, recessed lighting, updated bathrooms, and stainless steel appliances, complemented by drought-tolerant landscaping. The unit mix consists of five 1 bed / 1 bath units and five 2 bed / 1 bath units, including three newly built ADUs. Gas and electricity are separately metered and paid directly by the tenants. Four of the ten units are master leased to a single organization, providing one rent payment each month and reduced property management demands. With every major building system substantially new, near-term capital expenditure requirements are minimal. As a non-LA-City rent-controlled asset, the property also allows significant 8.7% annual rent increases (5% + CPI) for future upside. The property is located roughly five miles from Douglas Park and the Long Beach Airport aerospace corridor, where Anduril, Rocket Lab, Relativity, and other major employers continue to expand, and offers convenient access to the 710, 91, and 405 freeways. A coastal-city rental market without coastal-city pricing.

5529 Dairy, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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