2910 E 16th Street presents an opportunity for a purchaser to follow the lead of the current ownership and capture future rent upside. A new investor can follow this same strategy to continue adding value, raise revenue and improve operating efficiency.The 4-unit property is conveniently located east of the Traffic Circle, in the Zaferia neighborhood. The area includes Orizaba Park as well as numerous retailers and eateries along Pacific Coast Highway and Anaheim Street. 4 Units * Built in 1979 * 3,672 Gross Sq Ft * All Two Bedroom, Two Bath Units * 23% Upside Potential * Secured Entry to the Property * Average Unit Size of 918 Sq Ft Each * 4 Garages and Laundry Facility On-Site * Located Below the Intersection of Pacific Coast Highway and Orizaba Avenue * .15 Acre Lot * LBR2N Zoning
Off market
$1,273,500
2910 E 16th St, Long Beach, CA 90804
8beds
8baths
3,672sqft
MultiFamily
Built in 1979
-- sqft lot
$1,273,500 Zestimate®
$347/sqft
$2,252 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Cooling
- Other
Interior area
- Total interior livable area: 3,672 sqft
Property
Lot
- Size: 6,499 sqft
Details
- Parcel number: 7259029013
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1979
Community & neighborhood
Location
- Region: Long Beach
Other
Other facts
- County: Los Angeles
- ListingStatus: Active
- PropertyType: Residential Income
- SourceLivingArea: Vendor Enhanced
- UnitTypeType: 1, 2, 3, 4
- Equipment: Other
- ParkingGarage: Garage
- SourceLotSizeArea: Vendor Enhanced
- Heating: Other
- ListingArea: Eastside, Circle Area
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Estimated market value
$1,273,500