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Multifamily

233 E 25th St

233 E 25th St, Long Beach, CA 90806

Listing Price: $795,000

Cap Rate
3.09%
Number of Units
2
Price/Unit
$397,500
Price/Gross SF
$373.59
Gross SF
2,128

Investment Overview

Marcus & Millichap is pleased to present to market the duplex located at 233 East 25th Street in Long Beach, California. This 1928 construction Spanish-style property offers two spacious two-bedroom/one-bath units that average over 1,000 square feet, as well as an inner courtyard, two single-car garages, and a shared backyard. The asset’s desirable unit mix, great location, 22 percent rental upside and ADU development potential make this a great investment opportunity. Located near the intersection of Long Beach Boulevard and Willow Street, 233 East 25th Street boasts convenient proximity to retail and is within walking distance of an Albertson’s, Starbucks, CVS, Wells Fargo, Carl’s Jr., McDonald’s, L&L Hawaiian Barbecue, and More. This commuter-friendly location is also within easy walking distance of the Metro Blue Line and a mile from both the 710 and 405 freeways. 233 East 25th Street is offered as part of a portfolio along with the adjacent triplex at 241 East 25th Street. Properties may be acquired separately or together.

Investment Highlights

  • Spanish-Style Duplex With Two Spacious Two-Bed/One-Bath Units That Average 1,064 Square Feet, Two Single-Car Garages, and a Backyard
  • 22 Percent Rental Upside
  • New Investor May Want to Explore ADU Development Potential
  • Walking Distance to an Albertson's, Starbucks, CVS, the Metro Blue Line, and Many Dining Options | WalkScore: 88
  • Offered Along With the Adjacent Triplex at 241 East 25th Street | Properties May Be Acquired Separately or Together

Exclusively Listed By

Multifamily

233 E 25th St

Listing Price: $795,000

Cap Rate
3.09%
Number of Units
2
Price/Unit
$397,500
Price/Gross SF
$373.59
Gross SF
2,128

Investment Highlights

  • Spanish-Style Duplex With Two Spacious Two-Bed/One-Bath Units That Average 1,064 Square Feet, Two Single-Car Garages, and a Backyard
  • 22 Percent Rental Upside
  • New Investor May Want to Explore ADU Development Potential
  • Walking Distance to an Albertson's, Starbucks, CVS, the Metro Blue Line, and Many Dining Options | WalkScore: 88
  • Offered Along With the Adjacent Triplex at 241 East 25th Street | Properties May Be Acquired Separately or Together

Investment Overview

Marcus & Millichap is pleased to present to market the duplex located at 233 East 25th Street in Long Beach, California. This 1928 construction Spanish-style property offers two spacious two-bedroom/one-bath units that average over 1,000 square feet, as well as an inner courtyard, two single-car garages, and a shared backyard. The asset’s desirable unit mix, great location, 22 percent rental upside and ADU development potential make this a great investment opportunity. Located near the intersection of Long Beach Boulevard and Willow Street, 233 East 25th Street boasts convenient proximity to retail and is within walking distance of an Albertson’s, Starbucks, CVS, Wells Fargo, Carl’s Jr., McDonald’s, L&L Hawaiian Barbecue, and More. This commuter-friendly location is also within easy walking distance of the Metro Blue Line and a mile from both the 710 and 405 freeways. 233 East 25th Street is offered as part of a portfolio along with the adjacent triplex at 241 East 25th Street. Properties may be acquired separately or together.

Exclusively Listed By

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