1360 Euclid Avenue, Long Beach, CA 90804

About this property

**SELLER FINANCING AVAILABLE**Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers. Seller's will consider carrying financing with 25% down, 5% interest rate, and up to a 10 year loan term. Financing terms are dependent on offer price.

Listing description from the May 2025 sale, as reported to CRMLS.

Sale history

$2,200,000

Sold May 2025 · listed $2,450,000, orig. $2,650,000, on market December 2024 · MLS #PW24249846 · Source: CRMLS

Listing Agent: Cody Charnell · Listing Office: Sage Real Estate Group, Inc. · Contact: 562-896-3851 · Bought with: Juan Huizar · Sage Real Estate Group, Inc.

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