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651 E 46th Street

Long Beach, CA 90807

– beds
– baths
– sqft
11,157 sqft lot
1973 build
– on site

651 E. 46th Street is a 12-unit value add investment asset located in the Bixby Knolls neighborhood of Long Beach. The property offers a new investor 34% total rental upside potential for a 7.8% market cap rate. Situated on a 11,154-square-foot lot, the building features all spacious units: (9) 1BD/1BA; (1) 2BD/1BA; (1) 2BD/2BA; and (1) 3BD/2BA. Additionally, the 100% electric building includes copper plumbing throughout. Onsite laundry provides a convenient facility for tenants and an added income stream for the owner. Ten (10) garages and two (2) surface spaces offer the potential to provide additional income as well as ADU opportunities. Located within steps to Aldi and other amenities, the property is also in close proximity to Atlantic Avenue's restaurants, coffee shops and amenities. In recent years the area has become a dynamic locale for exciting new businesses. The Bixby Knolls location offers convenient proximity to both the 710 and 405 freeways, providing quick and easy access to all areas of Southern California.

Listed By CRMLS_CA / Robert Stepp / Keller Williams - Santa Monica / 310-463-2916

Last checked: Checking… • Last updated Oct 29, 2024 •

MLS# PW24210020 —

The Building

Year Built:

1973
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

10062.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

12
Stories Total:

2
# of Separate Gas Meters:

12
# of Separate Electric Meters:

12

Interior

Levels:

Two
Entry Location:

1
Laundry:

Common Area
Laundry:

1

Location

Directions:

Atlantic Ave
Latitude:

33.84304200
Longitude:

-118.18432400

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBR3S
Lot Features:

11-15 Units/Acre
Lot Size Area:

11157.0000
Lot Size Acres:

0.2561
Lot Size SqFt:

11157.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5715.02
Tax Tract:

13870
Tax Lot:

2

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7135005026

Heating & Cooling

Heating:

1
Heating:

Radiant

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Bixby Knolls (BK)
Subdivision:

Bixby Knolls (BK)
Senior Community:

No
Features:

Sidewalks
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

12.00
Garage Spaces:

10.00
Uncovered Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/29/24 Oct 29, 2024	Sold Subject To Contingencies	CRMLS_CA	$2,895,000
10/9/24 Oct 9, 2024	Listed / Active	CRMLS_CA	$2,895,000

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This multifamily located in Bixby Knolls, Long Beach, CA 90807 is currently for sale for $2,895,000. 651 E 46th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 36 days. 651 E 46th Street is in the Bixby Knolls neighborhood of Long Beach and has a WalkScore® of 87, making it very walkable. This multifamily is in the attendance area of Jordan High School, Hughes Middle School, and Barton Elementary School.

Listing Courtesy of: CRMLS_CA and Keller Williams - Santa Monica. Based on information from California Regional Multiple Listing Service, Inc. as of 23:23 on Nov 14.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.