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 thriving arts scene, Long Beach offers a unique blend of urban living and relaxed beach vibes. With a rich history that dates back to the early 1900s, this city has evolved into a dynamic hub for residents and visitors alike, boasting beautiful parks, bustling markets, and a variety of recreational activities.

Long Beach is particularly renowned for its eclectic neighborhoods, each with its own charm and character. From the picturesque Shoreline Village to the historic district of Naples, there’s something for everyone in this coastal paradise. Whether you’re drawn to the lively atmosphere of downtown or the serene beaches along the Pacific coast, Long Beach is a place where you can truly feel at home.

For those considering a move to this enchanting city, homes with apartment subtypes are an excellent option. These residences provide the perfect balance of comfort and convenience, catering to a wide range of lifestyles. Whether you’re a young professional seeking a chic loft, a small family looking for a cozy apartment, or retirees wanting a low-maintenance living space, Long Beach has a variety of options that fit every need.

Imagine waking up to ocean breezes and the sound of waves, with easy access to local shops, restaurants, and cultural attractions. Living in a Long Beach apartment means embracing a lifestyle filled with adventure and community. Explore the endless possibilities that await you in this beautiful city, where your dream home is just a heartbeat away!

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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