Property Details
About this Property
Fully Renovated 6-unit building cash flowing at an amazing Current Cap Rate of 5% from day 1! Preliminary plans to add 5 ADUs to achieve an incredible 11% Cap Rate, 5.3 GRM, and only 177k/unit after taking into account all the construction costs (~545k assuming $225/SF). Attractive unit mix consisting of (4) well-designed One-Bedroom | One-Bathroom residential units plus (2) well-established commercial tenants (mini-market & flower-shop) both of which have been at this location for many years and have expressed interest for continued tenancy for years to come. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. Large lot with 7 parking spaces in the back with future development & ADU potential. The property has seen a complete restoration, down to every inch. Overall systems were updated with new copper plumbing in units, new electrical sub-panels in units, new HVAC systems, new water heaters, and brand-new windows in each unit. The units have undergone gut-level updating with new wood flooring, updated lighting fixtures, and brand-new kitchen and bathrooms. In the kitchen, there are new cabinets and modern countertops. The bathrooms boast new vanities and modern fixtures along wi
MLS Listing Information
MLS #
CRPW25165266
MLS Source
California Regional MLS
Days on Site
28
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2626 E Anaheim St is a Residential Income in Long Beach, CA 90804. This – square foot property sits on a 5,852 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,795,000 and was built in 1936. This address can also be written as 2626 E Anaheim St, Long Beach, CA 90804.
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This listing information is up-to-date as of August 01, 2025. For the most current information, please contact Alec Kara
