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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Kendra Miller, DRE #01396646 • Keller Williams Coastal Prop.

$ 1,200,000

Est. payment | -/mo

5,008 Sqft Lot

Save

$ 1,200,000

Est. payment | -/mo

Save

5,008 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26171369

Style Traditional

Year Built 1960

Lot Size 5,008 Sqft

Source California Regional MLS

Property Description

Traffic circle adjacent, 6-unit apartment building in which $156,500 has been spent on capital improvements over the last year. These improvements include a new roof (May 2026), sewer work and installation of a sewer clean out, renovated laundry room including the purchase of 3 washing machines and 3 dryers, exterior dawn to dusk lighting, addition of coded locks on the gates, and a fully renovated 2-bedroom unit. The renovation of this unit includes the following new items: mini split providing heat and air conditioning, kitchen cabinets, counters and appliances, luxury vinyl flooring, windows and blinds, lighting fixtures, and beautifully remodeled bathroom. The desirable unit mix includes 5 - 2 bedroom/1 bathroom units and 1-1 bedroom/1 bathroom unit. There are 5 tandem parking spots behind the building providing parking for up to 10 cars depending on vehicle size. The cap rate is approximately 6% and the GRM is approximately 10 - these numbers were calculated using the actual rents for the 4 occupied units and pro forma rents for the two vacant units.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Heating Other, Wall Furnace

Cooling Other

Laundry In Laundry Room, Other, Washer/Dryer - Owned

Exterior

Parking Features Unassigned Spaces, Common Parking Area, Off-Street Parking

Garage Spaces 10.0

Pool 31, None

View None

Roof Type Flat / Low Pitch

Building

Lot Description Grade - Level

Water District - Public

Architectural Style Traditional

Others

Tax ID 7259025012

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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2922 E 15th ST Long Beach, CA 90804