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$2,895,000
36 Days On Site

651 E 46th Street
Long Beach, CA 90807

For Sale|Apartment|Active Under Contract
0
Beds
0
Full Baths
0
Partial Baths
10,062
SqFt
$288
/SqFt
1973
Built
Subdivision:
Bixby Knolls (BK)
County:
Los Angeles
Listed by Robert Stepp of Keller Williams - Santa Monica [email protected]

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651 E 46th Street651 E 46th Street651 E 46th Street651 E 46th Street
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Monthly Payment (Est.)

$13,208
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

651 E. 46th Street is a 12-unit value add investment asset located in the Bixby Knolls neighborhood of Long Beach. The property offers a new investor 34% total rental upside potential for a 7.8% market cap rate. Situated on a 11,154-square-foot lot, the building features all spacious units: (9) 1BD/1BA; (1) 2BD/1BA; (1) 2BD/2BA; and (1) 3BD/2BA. Additionally, the 100% electric building includes copper plumbing throughout. Onsite laundry provides a convenient facility for tenants and an added income stream for the owner. Ten (10) garages and two (2) surface spaces offer the potential to provide additional income as well as ADU opportunities. Located within steps to Aldi and other amenities, the property is also in close proximity to Atlantic Avenue's restaurants, coffee shops and amenities. In recent years the area has become a dynamic locale for exciting new businesses. The Bixby Knolls location offers convenient proximity to both the 710 and 405 freeways, providing quick and easy access to all areas of Southern California.

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Listing Snapshot
Price 
$2,895,000
Days On Site 
36 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,062 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2561 Acres
Year Built 
1973
MLS® Number 
PW24210020
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoStatus changed to Active Under Contract
2 weeks agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.2561
Garage 
Yes
Garage Spaces 
10
Number Of Stories 
2
Parking Spaces 
12
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
10062
Stories 
Two
Water Source 
Public
Zoning 
LBR3S
Interior Features
Heating 
Radiant
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Community Features
Building Access 
1
Community Features 
Sidewalks
Financing Terms Available 
Cash1031 Exchange
MLS Area 
6 - Bixby, Bixby Knolls, Los Cerritos


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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