Long Beach Homes with Apartment Subtype

Long Beach Homes with Apartment Subtype

Welcome to Long Beach, California—a vibrant coastal city nestled in the heart of Los Angeles County. Known for its stunning waterfront, bustling arts scene, and diverse culture, Long Beach offers an ideal blend of urban living and seaside charm. With its beautiful beaches, scenic parks, and an array of dining and entertainment options, it’s no wonder that Long Beach is a sought-after destination for homebuyers.

In Long Beach, you'll find a variety of housing options, including homes with an apartment subtype that cater to diverse lifestyles. Whether you're a first-time buyer looking for a cozy studio or a growing family in need of a spacious multi-bedroom unit, Long Beach has something to fit your needs. Many of these homes boast modern amenities, open floor plans, and proximity to the city's vibrant neighborhoods, making them perfect for those who appreciate convenience and style.

Living in Long Beach means enjoying the best of both worlds. You can spend your weekends lounging on the sandy shores of the Pacific Ocean, exploring the historic Queen Mary, or indulging in the local culinary scene. With easy access to major freeways and public transportation, commuting to downtown Los Angeles or other nearby cities is a breeze.

Whether you’re drawn to the dynamic energy of the downtown area or the tranquil vibes of the waterfront, Long Beach is a place where you can truly feel at home. Discover your perfect apartment-style home in this beautiful city, and experience the unique lifestyle that Long Beach has to offer!

Newest Long Beach Homes with Apartment Subtype

5529 Dairy, Long Beach
$3,195,000
SB26216803 MLS ⋅ Active Status
Price Reduction! Rare opportunity to own a turnkey 10-unit, non-rent-controlled apartment building in North Long Beach, producing strong cash flow at an approximately 7% current cap rate from day one. The building was taken down to the framing in 2022 under permit and extensively rebuilt with a new roof, new electrical and plumbing systems, new HVAC, new windows, and an individual water heater for every unit. Interiors feature new cabinetry, flooring, recessed lighting, updated bathrooms, and stainless steel appliances, complemented by drought-tolerant landscaping. The unit mix consists of five 1 bed / 1 bath units and five 2 bed / 1 bath units, including three newly built ADUs. Gas and electricity are separately metered and paid directly by the tenants. Four of the ten units are master leased to a single organization, providing one rent payment each month and reduced property management demands. With every major building system substantially new, near-term capital expenditure requirements are minimal. As a non-LA-City rent-controlled asset, the property also allows significant 8.7% annual rent increases (5% + CPI) for future upside. The property is located roughly five miles from Douglas Park and the Long Beach Airport aerospace corridor, where Anduril, Rocket Lab, Relativity, and other major employers continue to expand, and offers convenient access to the 710, 91, and 405 freeways. A coastal-city rental market without coastal-city pricing.

5529 Dairy, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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. 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, 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.

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