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266 E 25th St

Long Beach, CA 90806
  • $1,995,000
  • STATUS: Active Under Contract
  • ON SITE: 83 Days
  • MLS #: 24-455767
Under Contract
UPDATED: 68 min ago
$1,995,000
  • 10
    BEDS
  • 0.15
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 6,182
    SQFT
  • $323
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:
Area:

School Ratings & Info

School District:

Description

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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-01-15T19:43:16.997. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/157077179
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266 E 25th St Long Beach, CA 90806

  • Price: $1,995,000
  • Status: Active Under Contract
  • On Site: 83 Days
  • Updated: 68 min ago
  • MLS #: 24-455767
10
Beds
9
Baths
0
½ Baths
0.15
Acres
6,182
SQFT
$323
$/SQFT
1959
Built
Neighborhood:
Wrigley
County:
Los Angeles
Area:
Wrigley
School District:
Long Beach Unified
Property Description
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.
Exterior Features

Covered Parking 6 Levels Two Lot Size Area 6632 Other Structures None Parking Garage Private GarageCovered Parking Pool Description None Pool YN No Roof Rock Spa None Spa YN No Style Contemporary Total Parking 6

Interior Features

Common Walls Attached Cooling None Equipment Garbage DisposalRange/Oven Heating ElectricRadiant Laundry Community

Property Features

Assessed Total Value 457942 Disclosures As Is Garage Income 100.00 Gross Income 149545 Gross Operating Income 149545 Like Units1 1 Like Units2 6 Like Units3 2 Net Operating Income 101022.00 Number Of Buildings 1 Number Of Units 9 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 48523 Type Of Units Multi Year Built Source Assessor Zoning LBR2N

Listing provided courtesy of Jacqueline Knoll DRE#01726333 of Coldwell Banker Realty: 310-777-6200.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-01-15T19:43:16.997. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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