714-745-2708

500 E 51st Street, Long Beach, CA 90805

$3,885,000 Approx. USD 3 beds, 0 baths

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Daniel Talamentes
Lic#: 02021732
Broker: Courtesy of VPMI, INC.
Phone: 562-665-2066

Agent Remarks

Located in the heart of Long Beach, 15 unit apartment building majority 2 bedrooms (10) and five 1 bedrooms. This building offers a prime investment opportunity with upside in rents. With a diverse pool of tenant base looking for affordable housing there's sure to be a stream of renters. There is also opportunity for additional income with garage spaces as well as potential RUBS income, one side of the building is master metered. Recent cap ex includes a new roof over the 500 side of the property and roof update to the 520 side. All new paint over the entire building. Hand Railings were reinforced on the second floor, walkways were also updated and re done. New flooring in the laundry rooms, a new 100 gallon water heater on the 500 side. And 90% of the units have vinyl plank, all recently installed. With all the work being done recently there is still opportunity for an investor to increase rent and add additional income.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)

Status: ACTIVE

MLS# PW25062894

Price: $3,885,000

Beds: 3

Baths: 0

2 stories

0.17 acres

County: Los Angeles

Zoning: Public Rec

Heating description: Floor Furnace

Last Updated: 7/10/2025

Days On Market (DOM): 554

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Lat/Long: 33.848376, -118.186016.
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