We are pleased to present 1000 E 10th St in Long Beach. This 7 unit apartment building consists of (7) 2 bedroom, 1 bathroom units which have been updated and converted into higher density dwelling units. Privacy walls and doors have been added to accommodate an additional bedroom in each unit. A total of 21 bedrooms are possible to rent out, and currently 11 of those bedrooms are actively rented. There is a possibility of delivering 4 out of the 7 units vacant. This property has a total of 5,340 sqft of livable space, situated on a 5,227 sqft lot. The owners have formed authentic relationships with local government, law enforcement, and various low-income programs such as the General Relief Housing Subsidy and Case Management Programs in order to maintain a reliable resource for tenants. The property is located in close proximity to the Metro Blue Line train station and various bus routes providing excellent public transportation. This property is also located in an Opportunity Zone allowing for potential developments and substantial tax benefits for new buyers. Development in this area would coincide with the Long Beach Downtown Plan as well as the Opportunity Zone social impact principles. Buyer to verify.
Property Details
Price:
$1,599,000
MLS #:
SB24010441
Status:
Active
Baths:
0
Address:
1000 E 10th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
699notdefined
City:
Long Beach
Listed Date:
Jan 18, 2024
State:
CA
ZIP:
90813
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
1927
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Schools
Interior
Exterior
Community Features
Urban
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1000 E 10th Street Long Beach CA
- Area699 – Not Defined
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1000 E 10th Street
Long Beach, CA
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