Long Beach - Beach Property For Sale #4038159

Nicolai Real Estate of Real Estate Specialists is 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 gated 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-one 2 bedroom/2 bathroom units, two 2 bedroom/1 bathroom units, ten 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 Avenue. 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. Offering memorandum available for further details and financials.