1026-32 / 1034-40 E. Broadway

Address: 1026 Long Beach Blvd, Long Beach, CA 90813, USA

Address: 1034 E Broadway, Long Beach, CA 90802, USA

Address: 1011 E Broadway, Long Beach, CA 90802, USA

Apartments

Created date: October 4, 2023

Date last updated: November 29, 2023

8 of 9 Units Fully Remodeled with Modern Fixtures & Finishes

3,850 SF Parking Lot with 12 Parking Spaces

Complete Exterior & Landscape Renovations

Additional Income from Onsite Laundry & Storage

Potential to Turn Existing Storage Spaces into ADUs

Individually Metered with In-Place RUBS Program

Available Financing at 5.75% Interest Only

Portfolio Description

Broadway @ Alamitos Beach is comprised of two adjacent apartment buildings with a total of nine units along with a 3,850-square-foot parking lot with 12 spaces in prime Alamitos Beach. The unit mix consists of eight 1 BD/ 1 BA units and one larger 1 BD / 1 BA unit. Eight units of the nine units have been renovated with modern fixtures and finishes, including new countertops, laminate wood flooring, stainless steel appliances, bathtubs and vanities, ceiling fans, lighting, and window coverings. THE OFFERING  8 of 9 Units Fully Remodeled with Modern Fixtures & Finishes  3,850 SF Parking Lot with 12 Parking Spaces  Complete Exterior & Landscape Renovations  Additional Income from Onsite Laundry & Storage  Potential to Turn Existing Storage Spaces into ADUs  Individually Metered with In-Place RUBS Program  Available Financing at 5.75% Interest Only INVESTMENT HIGHLIGHTS Exterior and common area renovations include a remodeled laundry room with new machines and new flooring in hallways and staircases. New landscaping includes installation of concrete hardscape and modern fencing, drought tolerant plants with drip irrigation and lighting. On-site laundry facilities, garage storage and workshop storage provide current additional building income. There is potential to turn the 300 square foot workshop storage into an ADU for approximately $1,895 in additional monthly income.

Available

Request Information

Name

Phone

Message(optional)

Broker Details

Robert Stepp Robert Stepp

(310) 463-2916

Portfolio Key Information

Listing Status:	Available
Listing Type:	Highest & best offer
Multifamily type:	Apartments
Price:	$ 3,625,000
No. of Units:	9
Year Built:	1921
Building Size:	7316 Sq ft
Lot Size:	11,213 Sq ft
No. of Stories:	2
Opportunity Zone:	No
Price per unit:	$402,778