1306 E Hellman Street, Long Beach, CA 90813
1306 E Hellman Street, Long Beach, CA 90813
1306 E Hellman Street, Long Beach, CA 90813
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$1,547,000
Est. payment /mo
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4 Beds
4 Baths
8,233 Sqft Lot
New

1306 E Hellman Street Long Beach, CA 90813

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Kurt Wannebo

Kurt Wannebo

+1(858) 405-5878

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26219871

Bedrooms 4

Lot Size 8,233 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Outstanding 9-Unit Long Beach Investment Opportunity. Strong Cash Flow, Major Upgrades & Long-Term Upside! Discover this professionally managed and income-producing 9-unit apartment building offering excellent curb appeal, strong investment performance, and future upside in one of Long Beach's established rental neighborhoods. The property features eight 1 bed/1 bath units and one spacious 3 bed/1 bath unit, offering a total of approximately 4,602 sq/ft of living space on a large 8,233 sq/ft lot. Numerous improvements have been completed throughout the property, including updated and renovated units, with two units redesigned to create a more desirable open concept floor plan. Significant capital improvements include upgrades to the main electrical system and individual unit electrical panels, updated drain lines, and a newer roof double recoating in 2023. Additionally, four attached garages with possible ADU potential for additional rental income (buyer to verify). Impressive investment performance with an approximately 6.7% cap rate and 8.7 GRM. Whether you're an experienced investor looking to expand your rental portfolio or exploring the possibility of owner occupancy while generating rental income, this property presents an outstanding opportunity to build long term wealth. Conveniently located near Downtown Long Beach, Belmont Shore, popular restaurants, shopping, entertainment, and transportation options. Enjoy the Southern California coastal lifestyle with Alamitos Beach less than a mile away! With its desirable unit mix, substantial improvements, established rental

Location

State CA

County Los Angeles

Zoning Assessor

Direction From 7th Street head North on Orange Ave. Right on Hellman. Property will be on your right hand side.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7266002026

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

MLS Router / San Diego MLS
Listed by Blair Newman, DRE#01459316 Coldwell Banker Envision 

NEARBY SCHOOL & BUSINESS

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Kurt Wannebo

Kurt Wannebo

Broker Associate CA Dre# 01468255

+1(858) 405-5878

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1306 E Hellman Street

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