1513 E Broadway, Long Beach, CA 90802
1513 E Broadway, Long Beach, CA 90802
1513 E Broadway, Long Beach, CA 90802
1513 E Broadway, Long Beach, CA 90802
1513 E Broadway, Long Beach, CA 90802
1513 E Broadway, Long Beach, CA 90802
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$ 1,395,000
Est. payment | /mo

2,509 Sqft Lot


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$ 1,395,000
Est. payment | /mo
Save

2,509 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID SB26075231

HOA Y/N No

Year Built 1914

Lot Size 2,509 Sqft

Property Sub-Type Apartment

Property Description

Seller Financing Available! Steps to the Ocean! Rare opportunity to acquire a coastal 5-unit property in Long Beach's highly desirable Alamitos Beach neighborhood. With seller financing available, investors may be able to acquire the property with approximately $400,000 down, offering attractive leverage in a strong rental market. 1513 E Broadway features a desirable unit mix of (1) 2-bedroom, 2-bath and (4) 1-bedroom, 1-bath units, with walkable coastal living just steps from the ocean. Tenants enjoy proximity to Bixby Park, Retro Row, Belmont Shore, and the vibrant Broadway corridor with popular dining, coffee shops, and boutiques. Convenient access to Downtown Long Beach and major employment centers further enhances long-term investment appeal. Offered at 11.7 GRM and 5.1% Cap Rate, this is an attractive coastal investment opportunity.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Laundry Washer Hookup, See Remarks

Exterior

Parking Features None

Pool None

Community Features Biking, Curbs, Dog Park, Street Lights, Sidewalks, Park

Utilities Available See Remarks

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Near Park, Near Public Transit

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7275012040

Energy Description 1164.0

Acceptable Financing Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, Fannie Mae, Freddie Mac, Owner Will Carry, Owner May Carry, Private Financing Available

Listing Terms Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, Fannie Mae, Freddie Mac, Owner Will Carry, Owner May Carry, Private Financing Available

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Christopher Crosby Buckingham Investments, Inc 650-549-4849, DRE #02116879

Nearby Locations

Nick Resendez

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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1513 E Broadway