North Long Beach (7) Homes with Apartment Subtype

North Long Beach (7) Homes with Apartment Subtype

Welcome to North Long Beach, a vibrant and welcoming community nestled in the heart of Long Beach, California. This charming region is known for its rich cultural diversity, friendly neighborhoods, and a strong sense of community. With its close proximity to downtown Long Beach and the stunning California coastline, North Long Beach offers residents a perfect blend of suburban tranquility and urban convenience.

North Long Beach is characterized by its variety of housing options, making it a popular choice for families, young professionals, and retirees alike. One of the standout features of this area is its abundance of homes with apartment subtypes. These properties provide a unique opportunity for homeowners and investors, offering the flexibility of multi-family living or the potential for rental income. Imagine owning a beautiful home with an attached apartment that can serve as a guest suite, a home office, or even a source of passive income – the possibilities are endless!

Residents of North Long Beach enjoy access to an array of parks, schools, and local amenities. The community is well-served by public transportation, making it easy to explore the vibrant culture and attractions of Long Beach. Whether you're strolling through the serene parks, indulging in local eateries, or participating in community events, there's always something to do in North Long Beach.

If you're searching for a place that combines the charm of residential living with the potential for investment, North Long Beach is an excellent choice. Discover the possibilities that await you in this dynamic and inviting community!

Newest North Long Beach (7) 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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