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202 Obispo Avenue
Apartment
$8,700,000

Unidades

37

Tamaño del Edificio

17,116 sf

Tamaño del Lote

13,068 sf

Estado

Vendida

Agente del Listado: Tyler Leeson, Marcus & Millichap RE Invest

Long Beach

202 Obispo Avenue

Sobre Esta Propiedad

Bluff Park Multifamily Portfolio is a 2-property, 37-unit multifamily investment portfolio located in Long Beach, CA. The Bluff Park Multifamily Portfolio offers a mix of studio and one-bedroom units featuring vinyl, tile, and carpet flooring, white appliances, ceiling fans, and walk-in closets. The portfolio also offers amenities including a spacious common area courtyard and on-site laundry facilities. A new owner has the opportunity to substantially increase rental income through the modernization of unit interiors. Through this renovation plan, new ownership will elevate the property to a higher standard of living and will receive a significant increase in monthly rental income. The portfolio’s exceptional Bluff Park location places residents within walking distance to an abundance of area amenities including Long Beach City Beach, Bluff Park, Belmont Veterans Memorial Pier, and more. Residents enjoy the properties’ prime location, adjacent to East Broadway, providing easy access to local boutiques and restaurants. Additionally, the portfolio is situated just over 0.75 miles from Retro Row, providing residents with easy access to some of Long Beach’s most unique and vibrant shops and restaurants. Furthermore, the portfolio is just within 1 mile of the abundance of retail, dining, and entertainment options at Belmont Shore’s 2nd Street. The portfolio’s ideal Long Beach location surrounded by neighborhoods offering a wide variety of outdoor activities as well as employment, transportation, and retail amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at the Bluff Park Multifamily Portfolio.

Composición de Unidades

  • 1 unidad · 0rec / 1ba
  • 1 unidad · 1rec / 1ba

Vecindario

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Vendida Por

$8,700,000

Agente de Listado

Tyler Leeson

Marcus & Millichap RE Invest