Hellman Street Craftsman Historic District Area Multi-Family Hom
Active
1306 E Hellman Street Long Beach, CA 90813
Bed
0 Baths
4602 sqft
MLS# PW26219871
Outstanding 9-Unit Long Beach Investment Opportunity. Strong Cash Flow, Major Upgrades & Long-Term Upside! Discover this professionally managed and income-producing 9-unit apartment building offering excellent curb appeal, strong investment performance, and future upside in one of Long Beach's established rental neighborhoods. The property features eight 1 bed/1 bath units and one spacious 3 bed/1 bath unit, offering a total of approximately 4,602 sq/ft of living space on a large 8,233 sq/ft lot. Numerous improvements have been completed throughout the property, including updated and renovated units, with two units redesigned to create a more desirable open concept floor plan. Significant capital improvements include upgrades to the main electrical system and individual unit electrical panels, updated drain lines, and a newer roof double recoating in 2023. Additionally, four attached garages with possible ADU potential for additional rental income (buyer to verify). Impressive investment performance with an approximately 6.7% cap rate and 8.7 GRM. Whether you're an experienced investor looking to expand your rental portfolio or exploring the possibility of owner occupancy while generating rental income, this property presents an outstanding opportunity to build long term wealth. Conveniently located near Downtown Long Beach, Belmont Shore, popular restaurants, shopping, entertainment, and transportation options. Enjoy the Southern California coastal lifestyle with Alamitos Beach less than a mile away! With its desirable unit mix, substantial improvements, established rental income, and long-term investment potential, this is an opportunity you won't want to miss. Add this Long Beach income property to your investment portfolio today!
Welcome to this move-in ready Lakewood Gardens home featuring 3 bedrooms, 1.5 bathrooms, a primary suite, a private in-ground swimming pool, and a long gated driveway offering plenty of parking. Step inside to find beautiful hardwood floors, fresh interior paint, recessed lighting, ceiling fans throughout, dual-pane windows, central A/C and heat, and a welcoming living room with a fireplace. Sliding French doors create an easy connection to the backyard and pool area, making the home ideal for indoor-outdoor living and entertaining.
The open kitchen features a convenient breakfast bar, built-in microwave and includes the appliances. The primary suite provides its own private bathroom, while the hall bathroom offers direct access to the backyard, an especially convenient feature when enjoying the pool.
Outside, the private backyard is highlighted by an impressive approximately 38-foot-long in-ground swimming pool and artificial turf for easy maintenance. Artificial turf in the front yard adds to the home's low-maintenance appeal, while the inviting covered front porch provides a great place to relax and enjoy the neighborhood.
Additional improvements and features include copper plumbing, ABS drain lines, a 200-amp electrical panel, dual-pane windows, central A/C and heat, recessed lighting, crown molding and a double finished detached garage with laundry hookups and an automatic garage door opener. The long gated driveway provides ample parking for multiple vehicles with possible RV or boat parking.
Located less than a mile from the newly opened Odyssey STEM Academy and convenient to parks, shopping, and local amenities, the home also offers the unique neighborhood feel of Lakewood Gardens. Residents have the option to join the Lakewood Gardens clubhouse and pool association for approximately $200 per year, which offers community events throughout the year. Membership is optional and there is no HOA.
With a private pool, spacious parking, valuable system upgrades, and a great Lakewood Gardens location, this home offers a combination of comfort, convenience, and flexibility that is hard to find. Don’t miss the opportunity to make this Lakewood Gardens home your own!
