Long Beach, CA90805
| 8692 sqft | MLS# PW25184626
Tract: Bixby Knolls (BK)
For Sale $3,450,000
Description
30 W. 49th Street is a 12-unit stabilized investment opportunity in North Bixby Knolls, offered at a 5.97% cap rate on current rents. The controlled-access building features mostly two-bedroom units (11 of the 12) and a convenient one-to-one parking ratio. Additional income is generated from on-site laundry facilities. Recent capital improvements include a new roof and new windows throughout, and SB 721 (Balcony Inspection) has been completed. Situated near the vibrant Bixby Knolls district, residents enjoy walkable access to dining, shopping, and entertainment, along with excellent connectivity to major transportation routes. Combining strong in-place financial performance, a prime location, and well-maintained condition, this asset offers investors immediate cash flow and long-term appreciation potential in a desirable Long Beach submarket.
Facts
| Built in 1963 | Lot Size: 10078.00 sqft | HOA Dues: $0/month
Features
Listing provided by Robert Stepp, Keller Williams Realty Downey
Based on information from California Regional Multiple Listing Service, Inc. as of August 15, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
