North Long Beach (7) Homes with Residential Income Property Type

North Long Beach (7) Homes with Residential Income Property Type

Welcome to North Long Beach, a vibrant and diverse community nestled in the heart of Long Beach, California. Known for its rich history and friendly atmosphere, North Long Beach is a hidden gem that offers a unique blend of urban convenience and suburban charm. With its convenient access to major highways, public transportation, and proximity to the bustling city of Los Angeles, residents enjoy an enviable lifestyle that balances work and play.

The region boasts a variety of amenities, including parks, schools, and shopping centers, making it an ideal location for families and professionals alike. The community is characterized by its welcoming neighborhoods, where tree-lined streets and well-maintained homes create a warm and inviting environment.

One of the standout features of North Long Beach is its impressive selection of residential income properties. For savvy investors or those looking to supplement their income, this area presents a wealth of opportunities. From duplexes to multi-family units, North Long Beach offers a diverse range of properties that cater to various investment strategies. With a steady demand for rental units, you can expect a solid return on your investment while contributing to the community's growth and vitality.

Whether you’re looking to call North Long Beach home or seeking a lucrative investment opportunity, this region has something for everyone. Experience the charm of North Long Beach, where community spirit thrives and the possibilities are endless!

Newest North Long Beach (7) Homes with Residential Income Property Type

724 Temple, Long Beach
$1,365,000
PW26228215 MLS ⋅ Active Status
724 Temple Avenue is a six-unit apartment building located in the desirable Rose Park neighborhood of Long Beach. The property features five one-bedroom units and one two-bedroom/one-bathroom unit. Built in 1952, this single-story apartment building sits on an approximately 6,132-square-foot lot and offers seven on-site parking spaces, on-site laundry, and numerous capital improvements. Recent improvements include an updated electrical panel, copper plumbing, a new water heater, vinyl plank flooring throughout all units, and fresh exterior paint. The property's location in Rose Park offers residents convenient access to Long Beach's established residential neighborhoods, local restaurants, cafés, neighborhood retail, and everyday amenities. Situated near the East 4th Street corridor, residents can enjoy the area's popular dining and shopping destinations while benefiting from convenient access to Downtown Long Beach, California State University, Long Beach, and the coastal amenities that make the city an attractive place to live. The surrounding area combines neighborhood charm with urban convenience, supporting demand from renters seeking an accessible Long Beach location. With its functional unit mix, seven on-site parking spaces, on-site laundry, recent capital improvements, and potential for rental growth, 724 Temple Avenue presents an attractive opportunity for investors seeking a multifamily asset in an established Long Beach neighborhood. Note: The property is not located within the Rose Park Historic District.

724 Temple, Long Beach

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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