MLS® ID: PW19030123
2040 W Wardlow Road
Long Beach, California, 90810 $2,895,000
We are pleased to present a 12-unit apartment building located at 2040 Wardlow Road in Long Beach, California. Built in 1964, the subject property consists of 9,499 rentable square feet spread throughout a 8,684 square foot lot. The building consists of all 2-bedroom / 1-bathroom units.
Tenants have convenient access to freeways as well as many shops and restaurants. The property features an onsite laundry room for tenants’ convenience. Owners enjoy the high demand for rentals in a coastal city of Southern California.
The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a great location with true rental upside and stable return.