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870 W 19th Street
USD 1,625,000
Property ID: 25534083
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870 W 19th Street ,90806
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icon 6565 SqFt
icon Built in 1953
icon USD 248/SqFt
icon 10 Beds
icon 7 Full
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Location
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Interior Details
Bedrooms
10
Bathrooms
7
Interior Size
5100
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1953
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Detailed Introduction Of This Home
We are pleased to present 870 W 19th Street, a 7 unit multifamily investment opportunity located on a corner lot in a quiet, family-oriented residential community of Long Beach. Built in 1953, this two-story, walk-up style apartment building features a well-balanced unit mix consisting of four (4) one-bedroom/one-bathroom units and three (3) two-bedroom/one-bathroom units. Encompassing approximately 5,100 rentable square feet on a 6,565 square foot lot, the property includes three (3) garages currently used for storage, offering potential for future ADU conversion, five surface parking spaces, and the on-site laundry facility provides an additional income stream. The property has undergone significant capital improvements, including new windows, exterior paint, upgraded balcony railing, water heater, and a roof replacement in 2016. The property presents a unique opportunity to acquire a well-maintained pride of ownership building with over 25% rental upside potential while offering low operating expenses, strong in-place income, and future upside through rental repositioning in the high demand rental market of Long Beach.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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870 W 19th Street
USD 1,625,000 10 Beds
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