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405 E Esther Street

Long Beach, CA 90813

$1,925,000

| 4,252 sq. ft.

Status: Active Area: 9 - Poly High
Year Built: 1923 MLS#: 25630311

Description

405 E. Esther Street is a well-maintained, cash-flowing seven-unit multifamily asset located in a desirable Long Beach neighborhood with strong rental demand. The property features a highly attractive unit mix comprised of one (1) spacious 6BD/2BA unit, three (3) 3BD/1BA units, two (2) 2BD/1BA units, and one (1) 1BD/1BA unit. The property also has a driveway with three parking spaces. Fully occupied with long-term, reliable residents, the investment offers immediate, durable income for new ownership while still providing the opportunity to capture significant rental upside through natural turnover and strategic renovations. The property presents an ideal blend of in-place stability and value-add potential in one of Southern California's most consistent and resilient rental markets.

Features

    Heating: Wall Furnace
    Cooling: None
    Structure Type: Other Association Amenities: N/A
    Price/sqft: $453
    Total Floors: N/A

Listing is Courtesy of: Underwood Mortgage Group | Use of this site means you agree to the Terms of Use

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by Multi-Regional Multiple Listing Service, Inc. ("MRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and MRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.