Introducing 928 Long Beach Blvd: A Remarkable Downtown Long Beach Investment located in the Opportunity Zone where there are many benefits from the city as an investor. A meticulously crafted twelve-unit apartment complex that beckons astute investors and visionary minds. Encompassing a sprawling 12,537 square foot parcel, with an impressive 6,793 square feet of thoughtfully designed of rentable space, long term tenants, fresh landscaping, room for rent increase, prime location of down-town Long Beach, consist of 2 separate parcels that makes it an amazing opportunity ready for a developer or a builder to start right away. This property enjoys proximity to an array of urban conveniences. A dynamic rental market, coupled with easy access to amenities, entertainment, freeways, and transportation hubs. Additionally, it is located in an Opportunity Zone designation, a new tax saving strategy for long term real estate investor. It allows the investor to defer capital gain tax and eventually eliminates capital gains tax.
OC24076227
Mixed Use, Business Opportunities, 1 Story
Los Angeles
0.2877
Acres
Public
1
6,793
Sq. Ft.
1 Total
Detailed Room Information
- Laundry
- None
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Zoning
- LBPD29. Opportunity zone
- Additional Exterior/Lot Features
- 0-1 Unit/Acre.
Financial Considerations
7273011031
Cash to New Loan
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