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Listed by Robert Stepp • Keller Williams Realty Downey
$3,450,000
Est. payment /mo
10,078 Sqft Lot
New
30 W 49th ST Long Beach, CA 90805
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25184626
Year Built 1963
Lot Size 10,078 Sqft
Source California Regional MLS
Property Description
30 W. 49th Street is a 12-unit stabilized investment opportunity in North Bixby Knolls, offered at a 5.97% cap rate on current rents. The controlled-access building features mostly two-bedroom units (11 of the 12) and a convenient one-to-one parking ratio. Additional income is generated from on-site laundry facilities. Recent capital improvements include a new roof and new windows throughout, and SB 721 (Balcony Inspection) has been completed. Situated near the vibrant Bixby Knolls district, residents enjoy walkable access to dining, shopping, and entertainment, along with excellent connectivity to major transportation routes. Combining strong in-place financial performance, a prime location, and well-maintained condition, this asset offers investors immediate cash flow and long-term appreciation potential in a desirable Long Beach submarket.
Location
State CA
County Los Angeles
Area 6 - Bixby, Bixby Knolls, Los Cerritos
Interior
Laundry Laundry Area
Exterior
Garage Spaces 12.0
Pool None
Building
Water District - Public
Others
Tax ID 7133032048
Special Listing Condition Not Applicable
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