90813 Homes with On Street Parking features

90813 Homes with On Street Parking features

Welcome to the vibrant community of Long Beach, California, nestled in the heart of Los Angeles County, with the zip code 90813. Known for its picturesque waterfront, diverse culture, and lively atmosphere, this area offers a unique blend of urban convenience and coastal charm. Whether you're strolling along the sandy beaches, exploring eclectic shops, or enjoying delicious cuisine at local eateries, Long Beach has something for everyone.

In 90813, you'll find a variety of homes that cater to different lifestyles and preferences. One of the standout features of this neighborhood is the availability of homes with on-street parking. This is a significant advantage in urban living, providing residents with easy access to their vehicles without the hassle of searching for parking spaces. With tree-lined streets and a friendly community vibe, finding a spot for your car is just one of the many perks of living in this area.

The residential options in 90813 range from charming bungalows to modern townhomes, all designed to meet the needs of today's homeowners. The close-knit community fosters a welcoming environment, making it easy to connect with neighbors and participate in local events. Plus, with excellent schools, parks, and recreational facilities nearby, families will appreciate the quality of life that Long Beach offers.

If you're considering a move to this dynamic part of California, the homes in the 90813 zip code with on-street parking are waiting to welcome you. Explore the possibilities and discover your dream home in Long Beach today!

Newest 90813 Homes with On Street Parking features

$1,050,000
2 Beds 6 Baths 26676253 MLS Active Status
1081 Cherry Avenue presents investors with a rare opportunity to acquire a fully occupied, cash-flowing six-unit asset in Long Beach at a compelling 6.42% current cap rate with immediate upside on the table. Offered at $1,100,000, $183,333 per unit and $397 per square foot, this 1923 built property delivers strong in place income of $110,208 annually against a lean 33% expense ratio, producing a current NOI of $70,569 with a clear path to $92,263 at pro forma rents. The property consists of one two-bedroom one-bath unit and five studios across 2,773 square feet of building on a 6,187 square foot lot. All six units are occupied with tenants paying gas and electric, and the building features an on-site laundry facility and garage parking for the two-bedroom unit. Studios are currently averaging $1,272 per month against a market rent of $1,600, representing an 18% rental upside that a new owner can capture through natural turnover with no heavy lifting required. At pro forma rents the GRM compresses to 8.45 and the cap rate expands to 8.39%, both favorable against comparable sales in the submarket which are averaging a 6.09% cap rate and 11.06 GRM. For the value-add investor seeking strong in-place cash flow with meaningful upside ahead, 1081 Cherry Avenue delivers day-one income, a below-market rent profile with room to grow, and the kind of returns that get stronger over time as rents are pushed to market through natural turnover.

1081 Cherry Avenue, 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.