500 E 51St Street #15, Long Beach, CA 90805 - Berkshire Hathaway HomeServices California Properties
500 E 51st Street #15 Long Beach, CA 90805
$3,589,500 0 beds, 0 baths
0 sqft

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: Apartment (Multi-Family)
Status: Active Under Contract
MLS# PW25062894
List price is $3,589,500 Reduced by $295,500 on 7/15/2025
Beds: 0
Baths: 0
Built in 1963
2 stories
0.17 acres
Lot size: 0.1695
Subdivision: N Long Beach
County: Los Angeles
Zoning: LBR4R
Lot description: ZeroToOneUnitAcre
Heating description: Floor Furnace
MLS area: 6 - Bixby, Bixby Knolls, Los Cerritos

Last Updated: 7/17/2025

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This listing belongs to the 6 - Bixby, Bixby Knolls, Los Cerritos MLS area

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Lat/Long: 33.848366, -118.185992.
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Listing Agent: Daniel Talamentes
Lic#: 01234982
Office Name: Mission Viejo

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