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Long Beach,CA 90806
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,666 sqft
Price per Sqft $448
Subdivision Wrigley Area (Wr)
MLS Listing ID SB25222853
Style Contemporary
Construction Status Turnkey,Updated/Remodeled
HOA Y/N No
Year Built 1979
Lot Size 6,769 Sqft
Acres 0.1554
Property Sub-Type Apartment
Property Description
South Wrigley 8-Unit Turnkey Multifamily Property
Built in 1979 with two new ADUs added in 2025, this stabilized, meticulously maintained 8-unit property in the desirable South Wrigley neighborhood offers a rare investment opportunity. The building features (4) updated 2-bedroom units (2) updated 1-bedroom units and (2) modern 2-bedroom ADUs, all in excellent condition.
The main building's units have been fully renovated with new cabinetry, countertops, ceramic tile and laminate flooring, appliances, electrical, plumbing, finish carpentry, hardware, interior/exterior doors, windows, and fresh paint inside and out. The 2025-built all-electric, separately metered ADUs include in-unit laundry and dedicated split-unit air conditioners for added tenant comfort. Six rear garages were converted into the ADUs, with (4) parking spaces retained behind the building. The property also boasts a 2024-installed roof, upgraded block wall/fencing, and a new parking gate, all completed with permits. The main building units are also separately metered for gas and electricity.
Priced attractively at a sub-10.5X GRM and a 6.2% cap rate, this turnkey property is located on a charming, tree-lined residential street with head-in parking. It's less than a mile from the 710 Freeway, under 2 miles from the 405, and just 2 miles north of the beach, offering unmatched convenience and appeal.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Interior Features Ceiling Fan(s)
Heating Ductless,Wall Furnace
Cooling Ductless
Flooring Laminate
Fireplaces Type None
Appliance Electric Oven,Electric Range,Gas Oven,Gas Range
Laundry In Closet
Exterior
Parking Features Paved
Fence Wrought Iron
Pool None
Community Features Suburban
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View None
Roof Type Composition
Handicap Access None
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Two
New Construction No
Construction Status Turnkey,Updated/Remodeled
Others
Senior Community No
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Private
Listing Terms Private
Financing Private
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS Conventional
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS Please submit offers subject to inspection.