Long Beach, CA 90813
Asking Price: $799,000
Price Per SF: $285
Land Per SF: $79
Current Income: $5,800
NOI: $45,240
CAP Rate: 5.6%
'As-Is Sale'
Property Details:
Building Size: 2,800 SF
Lot Size: 10,080 SF
Year Built: 1908
Zoning: LBR4N
This property features a single-family residence that the owner believes is 3 bedrooms and 2 bathrooms (potentially more bedrooms). Behind the main house is a large studio unit with an attached two-car garage — currently no record of permits for this structure.
Both the front house and rear studio are rented to the same family on a month-to-month basis collecting $5,800
Highlights:
One of the largest R-4 lots in this neighborhood
Zoned R-4-N (High-Density Multifamily Residential District) — ideal for developers or investors
By right: Up to 6 multifamily units
With affordable housing: Potential for additional units
Alternatively, build an ADU and Junior ADU while keeping the existing front home for a lower-cost investment strategy