8
See all 8 photos
$2,000,000
Est. payment /mo
21 Beds
13 Baths
6,816 SqFt
Price Dropped by $250K
2516 E Anaheim ST Long Beach, CA 90804
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,816 sqft
Price per Sqft $293
MLS Listing ID 25595091
Bedrooms 21
HOA Y/N No
Year Built 1923
Lot Size 0.357 Acres
Property Description
We are pleased to present our newest listing at 2516 E Anaheim St, an 11-unit garden-style apartment community located in the heart of Long Beach's rapidly evolving Zaferia District. Offered at $181,000 per unit ($293 per square foot), this investment provides a compelling 6.8% CAP rate, 9.43 GRM, and an over 8% cash-on-cash return. The property features a desirable unit mix, with the majority consisting of spacious two-bedroom floorplans, and presents investors with an estimated 39% future rental upside. Recent upgrades, including new electrical panels, provide a solid foundation for future value-add improvements. Positioned along a high-traffic corridor near local shops, restaurants, and transit options, 2516 E Anaheim St offers strong in-place income with significant long-term growth potentiala rare opportunity to acquire a well-located asset in a supply-constrained coastal market.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBCCP
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Disposal, Refrigerator
Exterior
Parking Features Uncovered
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7260029024
Special Listing Condition Standard
Listed by Marcus & Millichap
Power Real Estate Group
Broker Associate | License ID: 02022092
+1(714) 451-4605 | contact@powerreteam.com