Properties
Long Beach, CA 90802 1513 E Broadway
$1,395,000
14 more
Presented By: Christopher Crosby with Buckingham Investments, Inc; 650-549-4849
Baths • 1
SQFT • 2,660
Home Details
Seller Financing Available! Steps to the Ocean! Rare opportunity to acquire a coastal 5-unit property in Long Beach’s highly desirable Alamitos Beach neighborhood. With seller financing available, investors may be able to acquire the property with approximately $400,000 down, offering attractive leverage in a strong rental market. 1513 E Broadway features a desirable unit mix of (1) 2-bedroom, 2-bath and (4) 1-bedroom, 1-bath units, with walkable coastal living just steps from the ocean. Tenants enjoy proximity to Bixby Park, Retro Row, Belmont Shore, and the vibrant Broadway corridor with popular dining, coffee shops, and boutiques. Convenient access to Downtown Long Beach and major employment centers further enhances long-term investment appeal. Offered at 11.7 GRM and 5.1% Cap Rate, this is an attractive coastal investment opportunity.
Presented By: Christopher Crosby with Buckingham Investments, Inc; 650-549-4849
Interior Features for 1513 E Broadway
Other Interior Features
Common Walls2+ Common Walls
Laundry FeaturesWasher Hookup, See Remarks
Total Stories2
Other Rooms
Entry Level1
General for 1513 E Broadway
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityLong Beach
Community FeaturesBiking, Curbs, Dog Park, Street Lights, Sidewalks, Park
ContingencyInformation provided is usually deemed reliable but it is NOT guaranteed accurate by the seller or listing agent. Sellers and seller representatives do not guarantee the accuracy of the square footage, lot size, bedroom or bathroom count, permitted or un-permitted areas of the property, laundry hookups, rental amounts, expenses, etc. It is advised that buyers hire a professional inspection to inspect the property and check with the city for any concerns with the property. Buyers to do their own due diligence and verify all city permits and usages.
CountyLos Angeles
DirectionsE Broadway & Falcon Ave
Electric Expense3574
Entry LocationE Broadway
Fuel Expense1164
Garage Spaces
Garage Y/NNo
Gross Income118620
HOANo
HOA Fee$
Insurance Expense3990
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, Fannie Mae, Freddie Mac, Owner Will Carry, Owner May Carry, Private Financing Available
Lot Size Square Feet2508
Lot Size UnitsSquare Feet
MLS Area4 - Downtown Area, Alamitos Beach
Net Operating Income71332
New ConstructionNo
Number Of Units Total5
Number of Units Leased4
Operating Expense43739
Pool FeaturesNone
PostalCityLONG BEACH
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameAlamitos Beach (AB)
Tax Lot7
Trash Expense2026
UtilitiesSee Remarks
Water Sewer Expense1606
Year Built1914
Year Built SourceAssessor
Exterior for 1513 E Broadway
Building Area Total2660
Lot Features0-1 Unit/Acre, Near Park, Near Public Transit
Lot Size Acres0.0576
Lot Size Area2508
Lot Size SourcePublic Records
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
