$2,395,000

1125 E Carson Street

Long Beach CA, 90807

Description

The King Group of Marcus & Millichap is pleased to present an 8-unit apartment building located in Long Beach, California. Built in 1948, the subject property consists of 6,937 rentable square feet spread throughout a 9,006 square foot lot. There is four 1-bedroom / 1-bathroom units and four 2-bedroom / 1-bathroom units. It has a pitched roof and contains five garages. Owners enjoy the high demand for rentals in a coastal city of Southern California.Tenants enjoy living in proximity to Bixby Knolls where there are many shops, restaurants, cafes, entertainment venues and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments started in 2018 and more expected this year. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.

Details

MLS#PW21027154
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1948
Days On Site18

Features

SQ Feet6,937
Units8
Building(s)1
Water FrontNo
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Area Information
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90807
Area699 - Not Defined
Listing VS Median (in 90807)
Price:
$2,395,000
low | high
Med:
$599,900
100% of Average
SqFt:
6,937
low | high
Med:
912
100% of Average
$ / SqFt:
$345
low | high
Med:
$658
40.52422352855% of Average
On Site:
18
low | high
Med:
39
46.153846153846% of Average
Listing Updated: February 9, 2021 1:32:24 PM PST
Kevin King LogoMLS Number: PW21027154
Listing Provided By:
Kevin King  of  Marcus Millichap
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