1701 Park Avenue

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Address: 1701 Park Ave, Long Beach, CA 90815, USA

California & West + Apartment Buildings

Created date: July 23, 2024

Date last updated: September 4, 2024

Exclusively Two-Bedroom Units Measuring Approximately 750 Square Feet
Amenities Include On-Site Laundry & Covered Parking, Providing Additional Revenue Streams
Highly Sought-After Park Estates Location
Within Walking Distance of an Abundance of Retail Centers Surrounding the Los Alamitos Traffic Circle
Just Over One-Mile from California State University, Long Beach & the Timor Rubin VA Medical Center

Property Description

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1701 Park Avenue, a 9-unit multifamily investment property located in Long Beach, CA. 1701 Park Avenue offers a highly desirable mix consisting exclusively of two-bedroom units and amenities including garage and carport parking, as well as on-site laundry. 1701 Park Avenue is situated in the highly sought-after Park Estates neighborhood of Long Beach. Residents enjoy the property’s prime Long Beach location, with an abundance of hot spots within a 1.5-mile radius of the property. The property is within walking distance of numerous major retail centers surrounding the Los Alamitos Traffic Circle. Additionally, the property is situated in close proximity of both California State University, Long Beach and the Timor Rubin VA Medical Center, two major housing and employment drivers for the city. Furthermore, the property’s close proximity to Recreation Park and the Alamitos Bay provides residents with easy access to an abundance of recreation and leisure activities. The property’s ideal Long Beach location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1701 Park Avenue.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$3,100,000
No. of Units:	9
Year Built:	1960
Lot Size:	0.20 Sq ft
Opportunity Zone:	No
Price per unit:	$344,444
Property Website	Click Here