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Property

Long Beach, CA 90806 266 E 25th Street

266 E 25th Street Long Beach, CA - Image 1266 E 25th Street Long Beach, CA - Image 2266 E 25th Street Long Beach, CA - Image 3
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266 E 25th Street Long Beach, CA - Image 4266 E 25th Street Long Beach, CA - Image 5266 E 25th Street Long Beach, CA - Image 6266 E 25th Street Long Beach, CA - Image 7266 E 25th Street Long Beach, CA - Image 8266 E 25th Street Long Beach, CA - Image 9
Presented By: Jacqueline Knoll with Coldwell Banker Realty;
  • MLS# 24455763
  • 10/23/2024
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  • SQFT • 6,182
  • Year Built • 1959

Home Details

Nine-unit apartment building located in the Wrigley area of Long Beach, on a quiet residential street near the major cross streets of Long Beach Boulevard & Willow Street. 266 E 25th is located in an area with upside potential, offering a mix of (2) 2 Bed/1 Bath units, (6) 1 Bed/1 bath units and (1) Single unit. Property features include 6 private garages, separate utility meters, a laundry room with 1 washer/1 dryer and a gated perimeter, all of which support tenant security and convenience. Residents enjoy convenient access to nearby shopping and access to the Pacific Coast Metro, the 405 and 710 freeways. A 10-15 min drive to downtown Long Beach, Cal State Long Beach and the Long Beach Airport. Long Beach's strong rental market provides a new owner with the opportunity to take advantage of the high demand in this area. With current rents below market rates, this 9-unit building is an attractive investment opportunity for those looking to capitalize on its upside potential.
Presented By: Jacqueline Knoll with Coldwell Banker Realty;

Interior Features for 266 E 25th Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2

General for 266 E 25th Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.01
Carport Y/NNo
CityLong Beach
Community FeaturesGated
CountyLos Angeles
DirectionsW of Long Beach Blvd, S of Willow St
Electric Expense900.0
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingElectric, Radiant
Home Warranty Y/NNo
Insurance Expense2300.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet6632.0
Lot Size UnitsSquareFeet
MLS Area5 - Wrigley Area
MaintenanceExpense12200.0
MobileHomeRemainsYNNo
Net Operating Income101022.0
New ConstructionNo
Number Of Units Total9
Property Attached Y/NNo
Property TypeCommercialSale
Rent Control Y/NNo
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Trash Expense3850.0
Waterfront Y/NNo
Year Built1959
ZoningLBR2N

Exterior for 266 E 25th Street

Building Area Total6182.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1522
Lot Size Area6632.0
Lot Size SourceAssessor
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $1,995,000
MLS#24455763
List Date 10/23/2024
Property Type Commercial
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