North Long Beach (7) Homes with Apartment Subtype

North Long Beach (7) Homes with Apartment Subtype

Welcome to North Long Beach, a vibrant and diverse neighborhood nestled in the heart of Long Beach, California. Known for its rich cultural tapestry and welcoming community, North Long Beach offers residents a unique blend of suburban charm and urban convenience. With easy access to major highways and public transportation, commuting to downtown Los Angeles or enjoying a day at the beach is a breeze.

One of the standout features of North Long Beach is its array of homes, particularly those with an apartment subtype. These residences are perfect for individuals seeking a flexible living arrangement, whether you're a first-time buyer, an investor, or looking for a multi-generational living solution. Many of these homes come equipped with separate entrances, allowing for privacy while still being under one roof. This setup is ideal for families wanting to stay close together or for those seeking rental income opportunities in a thriving market.

The neighborhood is dotted with parks, schools, and local shops, creating a sense of community where neighbors become friends. The annual events and farmer's markets foster a lively atmosphere, making it easy to connect with others. North Long Beach is also known for its commitment to sustainability, with various initiatives aimed at preserving the environment and enhancing the quality of life for residents.

Whether you’re drawn to the eclectic mix of homes, the community spirit, or the convenient location, North Long Beach is a place where you can truly feel at home. Explore the possibilities today, and discover your perfect residence in this dynamic neighborhood!

Newest North Long Beach (7) Homes with Apartment Subtype

5529 Dairy, Long Beach
$3,195,000
SB26216803 MLS ⋅ Active Status
Price Reduction! Rare opportunity to own a turnkey 10-unit, non-rent-controlled apartment building in North Long Beach, producing strong cash flow at an approximately 7% current cap rate from day one. The building was taken down to the framing in 2022 under permit and extensively rebuilt with a new roof, new electrical and plumbing systems, new HVAC, new windows, and an individual water heater for every unit. Interiors feature new cabinetry, flooring, recessed lighting, updated bathrooms, and stainless steel appliances, complemented by drought-tolerant landscaping. The unit mix consists of five 1 bed / 1 bath units and five 2 bed / 1 bath units, including three newly built ADUs. Gas and electricity are separately metered and paid directly by the tenants. Four of the ten units are master leased to a single organization, providing one rent payment each month and reduced property management demands. With every major building system substantially new, near-term capital expenditure requirements are minimal. As a non-LA-City rent-controlled asset, the property also allows significant 8.7% annual rent increases (5% + CPI) for future upside. The property is located roughly five miles from Douglas Park and the Long Beach Airport aerospace corridor, where Anduril, Rocket Lab, Relativity, and other major employers continue to expand, and offers convenient access to the 710, 91, and 405 freeways. A coastal-city rental market without coastal-city pricing.

5529 Dairy, Long Beach

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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.

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