1830 W Willow Street, Long Beach, CA 90810
Property
Sold June 2024
Listing Agent: Brett Lyon (DRE #01717818) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 3107801899 · Bought with: General NONMEMBER · NONMEMBER MRML · MLS #SB24086970 · Source: CRMLS
About this property
1830 W Willow Street is a 3,250 SF 6-Unit property on a 3,618 SF lot in Long Beach. The property consists of all 1-Bed/1-Bath units and there is immediate upside with (3) current vacancies. Currently operating at a CAP rate of 5.39% with Market CAP of 6.21%, this property provides any investor solid cashflow with potential for upside via upgrades and rent increases. It is also strategically located in the up-and-coming neighborhood of West Long Beach, offering easy access to the Retail and Restaurants on Willow Street and a short drive to Downtown Long Beach With its premier location, current income, and immediate upside, 1830 W Willow Street is an outstanding opportunity for investors looking for a value-add opportunity in the Harbor Area.
Listing description from the June 2024 sale, as reported to CRMLS.
Sale history