2040 W Wardlow Road, Long Beach, CA 90810

$2,995,000
9,499
SqFt
List Price
$2,995,000
Status
ACTIVE
MLS#
PW19030123
Year Built
1964
Living Sq. Ft
9,499
Lot Size
8,684
Lot Location
11-15 Units/Acre
Days on Market
8
Property Type
Multifamily
Neighborhood
California Heights (Ch)

Property Description

We are pleased to present a 12-unit apartment building located at 2040 Wardlow Road in Long Beach, California. Built in 1964, the subject property consists of 9,499 rentable square feet spread throughout a 8,684 square foot lot. The building consists of all 2-bedroom / 1-bathroom units. Tenants have convenient access to freeways as well as many shops and restaurants. The property features an onsite laundry room for tenants’ convenience. Owners enjoy the high demand for rentals in a coastal city of Southern California. 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 $495 million Long Beach Courthouse was recently completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a great location with true rental upside and stable return.

Additional Information

Tract Number
5723.0
Lot Description
Curbs, Sidewalks
Pool Description
None
Sewer
Septic Type Unknown
Water
Public
Attached Structure
Attached
Total Number of Units
12

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Kevin King from Marcus & Millichap

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.