210 29th st, Long Beach, CA 90806
Pending
$3,800,000
10%
20 Units
6 Beds
5 Baths
11,060 Area(sq.ft.)
Lot: 12,196 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 7 | studio | 1 | No | $ 9,245 | $ 9,245 | $ 10,465 |
| Unit 2 | 8 | 1 | 1 | No | $ 12,574 | $ 12,574 | $ 14,360 |
| Unit 3 | 3 | 2 | 1 | No | $ 5,695 | $ 5,695 | $ 6,885 |
| Unit 4 | 2 | 3 | 2 | No | $ 5,525 | $ 5,525 | $ 6,250 |
| 20 | 20 | 22 | $ 193,442 | $ 193,442 | $ 221,290 |
| MLS #: | OC25050137MR |
| Days On Market: | 283 |
| Listing Date: | March 6, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 344 |
| Price per unit: | $ 190,000 |
| Year Built: | 1963 |
Property Details
210 East 29th Street is a 20-unit multifamily investment opportunity located in Long Beach, CA. 210 East 29th Street offers an attractive mix of studio, one, two, and three-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, the property features controlled access, a spacious central courtyard with built in BBQs, an on-site laundry facility, storage lockers, and garage parking. Furthermore, the property s unique architecture has been recognized by the American Institute of Architects, winning a 2020 AIALA residential architecture award. 210 East 29th Street is situated in an optimal Long Beach location, providing convenient access to major employment and transportation hubs, as well as a plethora of leisure, healthcare, and retail amenities. The property offers walkable access to MemorialCare Long Beach Medical Center, Veterans Park, and the Albertsons anchored Wrigley Marketplace. Additionally, the property is situated a short walk from the Willow Street light rail station and is just over half-a-mile from Interstate 405, providing resident s with easy access throughout Southern California. Furthermore, the property is within a 1.5-mile radius of all three levels of education including Birney Elementary School, Jackie Robinson Academy, and Long Beach Polytechnic High School. In summary, 210 East 29th Street s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. In summary, 210 East 29th Street represents a unique opportunity to acquire an award winning property in a fantastic Long Beach location.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 384,574 |
| Total Annual Expense: | $ 150,733 |
| Net Operating Income: | $ 240,674 |
| Cap Rate: | 6.33% |
| Gross Rent Multiplier: | 9.42 |
Structure
| Community Features: | Curbs, Gutters, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBPD29 |
| Land Lease Type: | Fee |
Interior
| Laundry: | Community |
Exterior
| Pool: | No |
Detailed Map
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