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MLS# OC13242937
PROPERTY DESCRIPTION: 
Breakers Hotel is a landmark 14-story building on Ocean Avenue in downtown Long Beach. The building opened in 1926 as a luxury oceanfront resort hotel. The building has been renamed at various times the Hilton, the Wilton, and the Breakers International Hotel. It has had a history of ups and downs but now is prospering and operated as a high-end retirement home. The building has been designated as a Long Beach Historic Landmark.

After a $23 million earthquake retrofitting and restoring its 1920s-style Romanesque architecture, the building re-opened in November 1990 as a residence for senior citizens. As of October 1991, the Breakers had 38 residents with an average age of 84, paying rents starting at $1,000 a month, including three meals a day, housekeeping and local transportation. The now very vibrant community is active and immersed in recreational and cultural activities.

In 1997, the Sky Room, originally developed by Conrad Hilton in 1938, was restored and re-opened by the property's new owner Bernard Rosenson. Mr. Rosenson restored the Art Deco look of the Sky Room and redesigned it to focus on its 360-degree view. The new Sky Room offered an "ultra-retro menu" and music by a swing and jazz band called the Sky Room Orchestra.
FEATURES:
Age: Over 50 Years Old
Amenities: Vaulted Ceiling, Elevator
Appliances: Dishwasher, Oven
Architecture Style: Other
Cooling System: Central A/C, Zoned A/C
Floor Covering: Carpet
Heating System: Central Furnace, Zoned
Parking Type: Assigned, Unassigned
Roof Type: Unknown
Rooms: Bedroom

$6,000,000

3251 East Artesia Boulevard Long Beach, CA 90805
Courtesy Of JJST Corp dba A+ Realty and Mortgage
MLS# TR14171908
PROPERTY DESCRIPTION: 
Property consists of 51 studios, 6 one bedroom units and 2 two bedroom units. Situated on a corner lot just 2 blocks from the I-91 Freeway on-ramp. The building exterior was newly painted just a few months ago. Hot water boiler was replaced in May 2014. Maintenance was never deferred. Gated entry, remote gated parking, sparkling pool, BBQ, on-site laundry, storage unit in each parking spot. Each unit has its own window air-conditioning unit. Upside in rents.
FEATURES:
Age: 41-50 Years Old
Amenities: Pool
Architecture Style: Other
Cooling System: Window Unit(s) A/C
Roof Type: Unknown

$4,600,000

1146 Magnolia Avenue Long Beach, CA 90813
Courtesy Of Keller Williams Pacific Estates
MLS# PW14113072
PROPERTY DESCRIPTION: 
(Please call listing agent Julie Hughes 562.977.USC1 for further information.)1146-1152 Magnolia Ave, Long Beach. This is a meticulously maintained 32 unit building in a great rental area of LB. 2 buildings on 2 parcels (1146 Magnolia = 7272004010, 1152 Magnolia = 7272004009). A great mix of 24 - 1 Bed/1 Bath units and 8 - 2 Bed /1 Bath units. Buildings are very sizable (22,998 sq ft). A large lot (18,197 sq ft) offers tenants a courtyard and a rock waterfall. All electric building - individually metered and each unit has it's own water heater (keeps expenses down). Milgard dual pane windows throughout building. 2 laundry facilities w/ seller's own machines. 19 enclosed garages = extra income. There is definite room to raise rents - NO rent control in LB. Please call for further income and expense information on this well managed building. This is a great opportunity for the savvy Long Beach investor to add an incredible building to your portfolio! Income is actual and expenses are estimated. Proforma rent for 2 bedrooms is $1200. Proforma rent for 1 bedrooms is $950. Proforma income = $404,400/yr - GRM = 11.37 - Proforma Cap = 6.40%.
FEATURES:
Age: Over 50 Years Old
Appliances: Range
Architecture Style: New Traditional
Cooling System: None
Floor Covering: Carpet, Tile - Ceramic
Heating System: Radiant
Parking Type: Garage
Roof Type: Unknown
MLS# OC14100347
PROPERTY DESCRIPTION: 
Impeccable Beachfront, Contemporary Estate. White water, Catalina, Palos Verdes, Long Beach skyline and forever sunset views. Like new, 3 story duplex. Features 3 balconies with glass rails. space heaters and sound speakers. Top floor balcony with retractable nano wall for that Island

home feeling. Second and third floor main house of approx 2,000+ sq ft., 2 bedroom 2 1/2 baths. Hardwood Brazilian Cherry Floors throughout, custom cabinetry, (with all wood dovetailed self closing drawers) slab granite counters, Viking appliances. Incredible floating circular staircase

surrounds a state of the art all glass round elevator. In addition to, the stated square footage, is the bonus room of a lifetime, approximately 800 plus sq ft with full height vaulted ceilings. Master bedroom boasts an in-suite bath with stone floors, wainscoting, spa tub and floor to ceiling

glass steam shower. In addition, a lower legal residence of approx 1000 sq ft with 2 bd 2 bath, Brazilian Cherry Floors, Liebherr Refrigerator, Miela dishwasher, Viking stove and oven, sound speakers and slate patio with glass railing, 2 car tandem garage. This beach front masterpiece is the outliar, one-off. Buyer to verify square footage of lot and residence prior to close.
FEATURES:
Age: 6-10 Years Old
Amenities: Security System, Security System, Elevator, Water Front
Appliances: Range - Built In
Architecture Style: Contemporary
Floor Covering: Hardwood
Heating System: Forced Air
Roof Type: Unknown
Rooms: Bedroom
View Type: City, Ocean
MLS# PW14178005
PROPERTY DESCRIPTION: 
Fully Occupied and Well Maintained 17 U. Income Property in Quiet Cul-De-Sac, *** 2 Buildings Consist of 13-2BR and 4-1BR, *** Gated Entrance For Tenant's Safety, *** Comparatively Lower Than Market Rent *** Huge Upside Potential ***Current Cap is 6.15%, Proforma Cap Will Be 7.9%***

***** DO NOT TALK TO TENANTS ***** DRIVE BY ONLY ***** SUBJECT TO INSPECTION *****

*****570 E. Pleasant is 9U. (7-2BR, 2-1BR) ***580 E. Pleasant is 8U. (6-2BR, 2-1BR)*****
FEATURES:
Age: Over 50 Years Old
Architecture Style: Other
Parking Type: Assigned
Roof Type: Unknown

$1,550,000

2040 East Florida Street Long Beach, CA 90814
Courtesy Of Keller Williams Pacific Estates
MLS# PW14072439
PROPERTY DESCRIPTION: 
For Further Income/Expense Information, Please Call Listing Agent: Julie R. Hughes 562-977-USC1.... Amazing location - Alamitos Beach/Carroll Park! 1972 construction building with no deferred maintenance. Perfect unit mix: 1 - 3 bedroom/2 bath, 1- 2 bedroom/2 bath, 6 - 1 bedroom/1 bath. Building runs smoothly w/long term tenants. Vacancies are rare. DEFINITE Upside in Rents - no rent control in Long Beach! Separately metered for gas / electric and units have individual hot water heaters (to keep expenses low). 4 garages and 8 parking spaces. Laundry room w/ seller's own machines. This building would be perfect to add to your investment portfolio! Income Actual, Expenses are Estimated. Proforma info: Market rent on 1 Bedrooms = $1095. Market rent on 2 Bedroom/ 2 Bath = $1350. Market rent on 3 Bedroom/ 2 Bath = $1500. Proforma rent = $9745/mo - $116,940/yr. Proforma Cap = 5.66% - GRM = 13.25.
FEATURES:
Age: 41-50 Years Old
Architecture Style: Other
Floor Covering: Carpet
Heating System: Floor Furnace
Parking Type: Assigned
Roof Type: Unknown
MLS# DW14162732
PROPERTY DESCRIPTION: 
This property which consists of a four plex that has 2-4br-1bth units and 2-3br-1bth units. Plus 3 separate detached houses .

The 3 houses are as follows 1640is a 2bdr-1bth, 1644 is a 5bdr-1.5bth,1646 is a 4bdr-1bth. Seller is very motived and wants to sell.
FEATURES:
Age: Over 50 Years Old
Architecture Style: Other
Cooling System: None
Floor Covering: Hardwood, Tile - Ceramic
Roof Type: Unknown
SALE PENDING

$1,295,000

5832 Orange Ave Long Beach, CA 90805
20 Beds
Courtesy Of Coldwell Banker Coastal Alliance
MLS# PW14144503
PROPERTY DESCRIPTION: 
Rare opportunity to capture 12 units in Long Beach that has not been on market for many years. 10 on site uncovered parking spaces with no alley access. Recent replacement windows frame this clean complex.
FEATURES:
Age: Over 50 Years Old
Basement: None
Lot Size: Under 1/2 Acre, 0.21 Acres
Roof: Asphalt / Fiberglass
Style: Other Style
MLS# PW14075589
PROPERTY DESCRIPTION: 
Fantastic 8 unit building in great part of Wrigley. 2 2-bedroom units and 6 1-bedroom units. This part of Pine has a few multi unit buildings and primarily single family residences. Smooth running building has no deferred maintenance. On site manager (Mgr = unit #1 rents for only $650) keeps it in tip top shape! Separately metered for electric. Laundry room and relaxing courtyard for tenants enjoyment. 3 enclosed garages at the front of the building and 4 car ports at the back of the building. Definite upside potential for rents. Income Actual - Expenses Estimated. For additional information please call listing agent Julie Hughes at 714.393.5055
FEATURES:
Age: 41-50 Years Old
Amenities: Ceiling Fan
Appliances: Range - Electric
Architecture Style: New Traditional
Cooling System: None
Floor Covering: Carpet, Tile - Ceramic
Roof Type: Composition Shingle

$1,130,000

1431 Locust Avenue Long Beach, CA 90813
Courtesy Of Prudential California Realty - The Mulhearn Group
MLS# PW13220428
PROPERTY DESCRIPTION: 
Solid as a Rock for the alert investor! Comfortable stylish located in the Central Long Beach Redevelopment Project. All units are fully rented, has a great cash flow, and appreciation with upside potential. Building offers common laundry room for additional income, Some units have been completely renovated, Courtyard for picnics and entertaining, each unit has a separate gas and electric meters, and the lot is low maintenance requires very little landscape work. Units are gated, property has an enormous amount of potential, does a little and saves a lot. Property needs some tender loving, but could be tremendous with the right touches. Subject is convenient to freeway access, shopping centers, downtown, Anaheim street station, schools, amenities in the area, and just minutes from the beach. The price is startling, waiting for you to be the proud owner, in prime rental area.
FEATURES:
Age: Over 50 Years Old
Appliances: Refrigerator
Architecture Style: Contemporary
Cooling System: Window Unit(s) A/C
Floor Covering: Carpet, Laminate, Tile - Ceramic, Vinyl
Heating Fuel: Natural Gas
Parking Type: Assigned, Driveway, Garage
Roof Type: Composition Shingle
Rooms: Living Room
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Long Beach, CA Real Estate & Homes for Sale - 103 Listings Found

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