2516 E Anaheim ST Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90804
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
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
Exterior
Parking Features Uncovered
Building
New Construction No
Others
Special Listing Condition Standard