Located just steps from Long Beach’s vibrant 4th Street/Retro Row corridor, 433 Nebraska Avenue is a beautifully renovated 11-unit apartment asset offering an exceptional investment opportunity in a prime rental market.
The property consists of (8) 1BD/1BA units, (2) 2BD/1BA units, and (1) 2BD/2BA unit. All units have been upgraded to top-tier market standards and feature bright, open floor plans, in-unit washer/dryers, and high-end finishes.
Residents enjoy shared upper and lower outdoor community lounge areas, along with seven garages and one surface parking space. Recent capital improvements include: new roof installed in 2024 as well as new electrical subpanels, plugs, and switches in all units.
This turnkey asset combines high-quality renovations, desirable amenities, and assumable financing—making it a compelling opportunity for investors seeking stable income in one of Long Beach’s most dynamic submarkets.
433 Nebraska Avenue
- California
- Long Beach
Property Information
- Address: 433 Nebraska Avenue
- City: Long Beach
- State: California
- Zip Code: 90802
- Units: 11
- Price: $3,375,000
Property Financials
- Price per Unit: $306,818
- Current Cap Rate: 6.14%
- Market Cap Rate: 6.46%
- Current GRM: 10.88
- Market GRM: 1.48
Property Description
Highlights
- All Units Meticulously Renovated with the Highest Market Standards
- Washer / Dryer in All Units
- New Roof Installed in 2024
- New Electrical Subpanels, Plugs & Switches in All Units
- Adjacent to Highly Desirable Retro Row Neighborhood
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