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Commercial > Multi-family / Apartments
Active
11/14/2024
List Price
$4,100,000$417/ft²

477 South St
Long Beach, CA 90805

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  • 477 South St, Long Beach, CA 90805 is a 28 bed, 16 bath, 9,840 ft² multi-family/apartments property built in 1961 on a 0.239 acre lot with 18 construction permits. This multi-family/apartments is currently listed for $4,100,000.

    MLS Description

    The listing agent's description. Original Listing

    Invest in north Long Beach and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.05% at 100% occupancy, and significant rent upside. 3 units are vacant and ready for market-rent tenants, and all existing tenants are on month-to-month leases. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels (main and subs), and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed used development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways.

    Listing Agents

    The listing agent for 477 South St is Jeff Kim.

    Permits

    477 South St has 18 permit records.

    Permit History
    18
    Permits

    Current Ownership

    Information about the current owner(s).

    Property History

    477 South St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 477 South St

    School Information

    Public/private schools serving 477 South St

    Neighborhood

    This property is located in 477 E South Street, Long Beach, CA 90805.

    Market Trends

    Historical market data near 477 South St over selected time period.

    Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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