27 66th Place, Long Beach, CA 90803
- $2,495,000
- List Price
- $2,495,000
- Status
- ACTIVE
- MLS#
- SW26062077
- Year Built
- 1949
- Lot Size
- 2,376
- Acres
- 0.05
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 127
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Peninsula (Pi)
Property Description
Discover a rare opportunity on the highly sought-after Long Beach Peninsula with this well maintained four-unit property that combines prime coastal living with exceptional investment potential. Just steps from the sand and perfectly positioned between the Pacific Ocean and Alamitos Bay, residents enjoy Belmont Shore shops, dining, nightlife, kayaking, paddle boarding, sailing, and scenic biking and running paths, all complemented by nearby yacht club. The building features two upstairs one-bedroom, one-bath units and two downstairs studios, each with a private entrance. Unit 29 B, renovated in 2025, offers a fireplace, ocean view, extended bedroom area ideal for an office or nursery, a balcony overlooking the common area, and a one-car garage (originally two-car, no dividing wall). Unit 27 A, updated in 2024, includes a private garage suitable for small vehicles or motorcycles, while Unit 27 B, updated around 2018, features a fireplace and extensive improvements. Unit 29 B has central heating, while the other units are equipped with mini-split systems. Unit 29 A is ready for some TLC. A detailed list of improvements may be provided upon request. With major system upgrades, modernized interiors, and reduced deferred maintenance, this property offers strong long-term rental growth potential. It is being sold subject to a 1031 exchange and represents an excellent opportunity for investors seeking both lifestyle and financial rewards. The seller also owns a sister four-unit building at 6514 E Ocean Blvd, Long Beach, and is open to negotiating attractive deals for the purchase of both properties together.
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Additional Information
- Appliances
- Dishwasher, Electric Range, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Water Heater, Dryer, Washer
- Pool Description
- None
- Fireplace Description
- Family Room
- Heat
- Central, See Remarks
- View
- Neighborhood, Ocean
- Exterior Construction
- Drywall, Stucco
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Ceiling Fan(s), Quartz Counters, Unfurnished
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $114,300
- Operating Expense
- 27661
Listing courtesy of Listing Agent: Ana Hlavnicka (ana@wsr.net) from Listing Office: WSR Real Estate Inc..
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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.