Commercial property · 2 recorded sales since 2025
Listing Agent: Stephen Takahashi (DRE #01944770) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-403-9145 · Bought with: Prashant Sampat · Pacific Avenue Realty · MLS #SB25146071 · Source: CRMLS
We are proud to present a prime multifamily investment opportunity located in the heart of the vibrant Zaferia Design District. This well-positioned asset offers unbeatable access to local staples such as Joe Jost’s, the Traffic Circle, Recreation Park, and more. The property features a desirable unit mix consisting of one spacious 2-bedroom/1-bath unit and four well-maintained 1-bedroom/1-bath units, appealing to a broad and stable tenant base. Financial performance is strong, with a current CAP rate of 5.37% and a 11.09 GRM—both projected to improve to a 6.36% CAP and 9.91 GRM following scheduled rent increases. With five dedicated parking spaces and an unbeatable location, this property offers a rare blend of consistent income, future upside, and long-term value in one of Long Beach’s most dynamic neighborhoods.
Listing description from the December 2025 sale, as reported to CRMLS.