1725 East Broadway consists of a fourplex and a duplex on a large 8,270-square foot lot; the fourplex faces Broadway, while the duplex faces Appleton Street. The buildings contain a total of six very large one-bedroom loft-style units that average 790 square feet. The units are separately metered for gas and electricity, and three of the units have been upgraded. The property also features a common patio area, large yards, driveway parking, a new roof on the fourplex, and well-maintained plumbing and electrical systems.
The property is well-located in Long Beachs Alamitos Beach neighborhood just one third of a mile from the beach and within easy walking distance of Bixby Park, which features a weekly farmers market. This area boasts a walk score of 89, very walkable and a bike score of 92, bikers paradise.
With its outstanding location in a strong rental market, oversized units, and substantial potential upside in rents, 1725 East Broadway presents an excellent value-add opportunity. Listed by Steven Bogoyevac, Steven M. Bogoyevac, Broker.