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$2,500,000
60 Days Online

1117 E Carson Street
Long Beach, CA 90807

For Sale|Multi-Family|Pending
County:
Los Angeles
Listed by Tyler Leeson of Marcus & Millichap RE Invest

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1117 E Carson Street1117 E Carson Street1117 E Carson Street1117 E Carson Street
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Monthly Payment (Est.)

$11,406
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1117 East Carson Street is an 8-unit multifamily investment property located in Long Beach, California. 1117 East Carson Street offers an attractive mix of one and two-bedroom floor plans with amenities including a private lounge area for tenants, a quite central courtyard, on-site laundry, screen doors, dual-pane windows, and garage parking. This extremely well-maintained opportunity has recently underwent substantial renovations to its major systems that include a newer roof (2019), newer windows, electrical meters, gas meters, and in-unit plumbing (as needed). Majority of the units have been upgraded over the years and feature remodeled kitchens and bathrooms. Select units have newer wood flooring. Long Beach’s strong rental metrics, including a 2021 vacancy rate of just 1.8 percent and year-over-year rent growth of 12.1 percent, are evidence of the substantial demand for rental units in the area. With current rents below market rates, 1117 East Carson Street represents an attractive value-add opportunity for a new owner. 1117 East Carson Street is situated in the desirable Bixby Knolls neighborhood of Long Beach, which primarily features single-family homes. Residents enjoy convenient access to everyday needs as well as a plethora of retail, dining, and entertainment options at the recently constructed Long Beach Exchange just 1.85 miles away. Additionally, the property benefits from its location just over 1.25 miles north of Interstate 405, connecting residents to employment hubs throughout Los Angeles and Orange Counties.

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Listing Snapshot
Price 
$2,500,000
Days Online 
60 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,937 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.21 Acres
Year Built 
1948
MLS Number 
OC22211290
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS
2 weeks agoStatus changed to Pending
2 months agoListing first seen online
General Features
Acreage 
0.21
Water 
Public
Sewer 
Public Sewer
Garage Spaces 
5
Zoning 
LBR3S
Number of Stories 
2
Listing Conditions 
Standard
Parking Spaces 
5
Interior Features
Laundry Features 
Common Area
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Exterior Features
Lot 
Lawn
Pool Features 
None
Community Features
Senior Community 
No
MLS Area 
699 - Not Defined
Community Features 
CurbsSidewalks


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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