4652 N Banner Dr Long Beach, CA 90807

Listing agency Stepp Commercial r***@steppcommercial.com Show Phone

Listed by Robert Stepp · License #CA 01456379

Source Crexi

Added: Apr 11 Updated: Jul 20 at 11:17PM Checked: Jul 20 at 11:17PM

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Investment Insights

Based on property information with market context.

This 8-unit multifamily property offers a mix of two studio units and six one-bedroom units. The building provides parking through 5 garages plus 3 additional spaces, and it is separately metered for gas and electric.

The property is located in Bixby Knolls, Long Beach, and is described as being close to employment and retail hubs including The Terminal at Douglas Park, LBX, the Atlantic Corridor, and the Globemaster Specific Corridor.

The seller’s remarks characterize the asset as a value-add opportunity with +/-21% upside potential in rents, reflecting the property’s current income profile and the potential for improvement.

Key Highlights

• 8‑unit value‑add property with +/-21% upside potential in rents
• Unit mix: (2) studio and (6) one‑bedroom apartments
• Parking includes 5 garages plus 3 additional spaces

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FAQs

What type of property is this?

Apartment building - An 8-unit building with studio and one-bedroom apartments plus parking in 5 garages and 3 additional spaces.

Where is this apartment building located?

The property is located at 4652 N Banner Dr Long Beach, CA.

What are key features of this property?

This property features: 8‑unit value‑add property with +/-21% upside potential in rents; Unit mix: (2) studio and (6) one‑bedroom apartments; Parking includes 5 garages plus 3 additional spaces