2611 E Broadway, LONG BEACH, CA

$12,995,000

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8

Beds

6

Baths

28,010

Square feet

0.47

Acres

About 2611 E Broadway

We are pleased to present the sale offering of 2611 E. Broadway. This 3-story multi family building is located in Coastal Long Beach on a prominent corner in the greater Belmont Heights area (technically Bluff Heights). This building consists of 36 units with a balanced mix of mainly 2 bedroom/2 bathroom apartments. The building is secure and offers three entrances, two staircases, and an elevator. Parking is available on two sides of the building with 17 individual parking garages. The building is built around a large central landscaped courtyard with a pool. The laundry room is located on the ground level and provides additional income and has been recently remodeled. The building is well maintained with no major capital expenditures forecasted. The building was re-roofed in 2014, re-landscaped in a drought tolerant manner in 2016, and the pool was remodeled in 2017. The building is located in a prime location in regards to employment base, walkability, transportation access, and points of interest. Just a 1/4 mile from the beach and an easy walk to Bluff Park, Long Beach Art Museum/Claire s, Retro Row/4th Street Corridor, and dozens of local restaurants and boutiques. Just slightly beyond these locations tenants have easy access to Downtown Long Beach and Belmont Shore/2nd Street/Naples Island. There are twenty-three 2 bedroom/2 bathroom units, two 2 bedroom/1 bathroom units, twelve 1 bedroom/1 bathroom units, and one 3 bedroom/2 bathroom. Units are nicely appointed and all offer private balconies, many with great views down Broadway or Wisconsin Ave. 2611 E. Broadway presents itself as a rare opportunity as substantial buildings with a great mix are few and far between in such an excellent coastal Long Beach location.

Features of 2611 E Broadway

MLS® # PW23136183MR
Price $12,995,000
Units 36
Bedrooms 8
Bathrooms 6.00
Square Footage 28,010
Acres 0.47
Year Built 1964
Type Residential Income
Sub-Type Apartment
Style Contemporary
Status Active

Community Information

Address 2611 E Broadway
Area Belmont Heights, Alamitos Heights
City LONG BEACH
County Los Angeles
State CA
Zip Code 90803

Amenities

Parking Spaces 17
# of Garages 17
Garages Garage - 1 Car, Private
View City Lights, Courtyard
Is Waterfront No
Has Pool Yes
Pool Fenced, Private

Interior

Appliances Microwave, Range
Heating Radiant
Cooling None
Fireplace No
Fireplaces None
# of Stories 3
Has Basement No

Exterior

Exterior Concrete, Stucco
Roof Composition, Flat Roof
Construction Concrete, Stucco

Additional Information

Date Listed July 24th, 2023
Days on Market 298
Zoning LBR3S
Foreclosure No
RE / Bank Owned No
Actual Annual Gross Rent $59,919
Net Operating Income $446,057

Unit 1 Details

Beds 2
Baths 2.00
Rent $35,530

Unit 2 Details

Beds 2
Baths 1.00
Rent $4,455

Unit 3 Details

Beds 1
Baths 1.00
Rent $17,744

Unit 4 Details

Beds 3
Baths 2.00
Rent $2,190

Listing Details

AgentBlake Nicolai (01896527)
OfficeRe/Max R. E. Specialists

Listing Map

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