1651 E South
Long Beach, CA 90805
2
Bed
7
Bath
5,378Sqft(Lot)
Exceptional Value-Add Investment Opportunity! This well-maintained 9-unit apartment property offers stable cash flow, strong rental demand, and significant upside potential in a highly desirable rental market. The property consists of a charming standalone 2-bedroom, 1-bath home at the front and a separate two-story building featuring eight studio units, with four units on each level. Six of the nine units have already been tastefully renovated, allowing a new owner to continue the renovation program and capture additional rental upside. With below-market rents, consistently low vacancy, and all units fully occupied, this asset presents an outstanding opportunity to increase income while benefiting from immediate cash flow. Ideally situated directly across from Harte Elementary School
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: Composition, ShingleAppliances: GasRangeLaundry Features: CommonArea -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Cooling: None
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Building Information
Year Built: 1954Building Area Total: 3480Construction Materials: StuccoStories: 2Pool Features: NonePrivate Pool: NoView: None -
Exterior Features
Exterior Features: TvAntenna
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Lot Information
Main Square Feet: 5378 Lot Size Acres: 0.1235 Lot Size Source: Assessor Lot Size Square Feet: 5,378 Lot Description: NearPark,Paved,RectangularLot,StreetLevelProperty Information
Subdivision: North Long Beach (NLB) Source Property Type: ResidentialIncome Postal Code Plus 4: 4356 Property SubType: Apartment Levels: Two Property Age: 72
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Listing Price Information
Listing Price: $1295888Cash, CashToExistingLoan, Conventional, Exchange1031
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Tax Information
Parcel Number: 7123017001 Tax Lot: 143
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Virtual Tour
Parking Information
Parking Total: 4 Paved
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Utility Information
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected -
Location Information
Direction: On South Street and West of Cherry Ave. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6535 Downey, Long Beach, CA, 90805 | $839,900 | 3 | 2 | 1,082 | 1,082 SqFt |
| 6170 Downey Avenue, Long Beach, CA, 90805 | $795,000 | 3 | 2 | 1,386 | 1,386 SqFt |
| 3070 E 70th, Long Beach, CA, 90805 | $675,000 | 2 | 1 | 942 | 942 SqFt |
| 6651 Coronado, Long Beach, CA, 90805 | $850,000 | 3 | 2 | 1,598 | 1,598 SqFt |
| 6240 Obispo, Long Beach, CA, 90805 | $630,000 | 4 | 2 | 1,249 | 1,249 SqFt |
| 6634 Minnesota, Long Beach, CA, 90805 | $635,000 | 2 | 1 | 816 | 816 SqFt |
| 6639 Rose, Long Beach, CA, 90805 | $749,999 | 2 | 1 | 901 | 901 SqFt |
| 5952 Gaviota, Long Beach, CA, 90805 | $719,900 | 2 | 1 | 960 | 960 SqFt |
| 5832 Gaviota, Long Beach, CA, 90805 | $859,000 | 3 | 2 | 1,590 | 1,590 SqFt |
| 6816 Cerritos Avenue, Long Beach, CA, 90805 | $949,999 | 4 | 3 | 1,519 | 1,519 SqFt |
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ByOwner last updated this listing 08/18/2026 @ 15:19
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