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$ 1,519,000
Est. payment /mo
Active
2216 W Wardlow Road Long Beach, CA 90810
5,283 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,283 sqft
Price per Sqft $287
MLS Listing ID CL25525531
HOA Y/N No
Year Built 1963
Lot Size 5,651 Sqft
Acres 0.13
Property Sub-Type Other
Property Description
PRICED REDUCED AND READY TO SELL. 9.5 GRM on current rents with upside to 9 GRM and 7.3% CAP. 7 units in Long Beach NOT subject to local rent control - AB 1482 Only (5% + CPI max increase). All units are 2+1's. 4 garages in the front - potential ADU opportunity - Buyer to verify. Property is professionally managed and well-maintained. Laminate flooring, updated kitchens. On-site laundry as well. Seller just spent over $20K updating unit 7 - new cabinets, flooring, etc. EARN OVER A 9% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Qualified Buyers can put as little as 25% down. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Zoning LBR1
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 7317003004
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jonathan Swire • The Agency