1903 E 59th Street, Long Beach, CA 90805

$725,000 Asking Price

2 beds

2 baths

1,000 sqft

Built in 1923

This investment opportunity is one of two adjacent properties in Long Beach. The property is tenant occupied, generating $3,000/month, but will be delivered vacant at closing. This provides flexibility for various strategies, such as redevelopment, leasing, or renovation. Long Beach's dynamic real estate market and diverse community makes this property promising investment with significant potential. Acquiring both properties together maximizes investment benefits and streamlines management. Other property for sale is 1909 E. 59th St (APN: 7123-013-008).

Listing Status:: Active
Date Added:: June 9, 2024 — 103 days ago
Listing Office:: The Agency, Ramiro Rivas (626-497-4606)
Office Phone:: 626-803-2000
MLS ID:: P1-18003

Features & Amenities

Interior

Fireplace:: FP in Living Room

Exterior

Pool:: None
Parking:: Driveway, Parking spaces: 0

Construction

General:: 1 Story

Location

County:: Los Angeles

Lot

Zoning:: 7123013009
View:: N/K
Fencing:: Wood

Utilities

Water:: Public
Sewer:: Public Sewer

This listing courtesy of:
The Agency, Ramiro Rivas

About Long Beach, CA

Housing

Number of Units: 175,024
Median Home Value: $609,280
Median Rent: $1,366

59.74% of housing units are renter occupied.

5.02% are vacant.

Commute

Car: 66.45%
Public Transportation: 4.19%
Walk to Work: 2.20%
Work from Home: 25.81%
Other: 0.71%

The median travel time to work is 25 minutes.

People

Population: 468,277
Median Age: 36.00
Median Household Size: 2.84

Education

High School: 18.18%
Associate’s Degree: 7.24%
Bachelor’s Degree: 21.08%
Graduate Degree: 11.09%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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1903 E 59th Street, Long Beach, CA 90805

$725,000 Asking Price