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31524390
31524391

206 E 68th St, Long Beach, CA 90805

NI
CA 0225468
CBRE - South Bay
Listed by CBRE - South Bay
$1,500,000
87 days on market
Updated 87 days ago

206 E 68th Street

Details
APN 7303-018-002
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio (+1)
Square Footage 3,372
Net Rentable (SqFt) 3,372
Units 4
Occupancy 75%
Price per SqFt $445
Year Built 1944
Buildings 4
Stories 2
Lot Size (SqFt) 11,541
Zoning LBR1N
Parking Spaces 4 spaces
Parking per 1,000 SqFt 1.19
Investment Type Value Add

Rare four-unit multifamily Long Beach opportunity, with compelling value-add potential

Marketing description

Positioned on an expansive 11,541 square foot lot, the property comprises 3,372 square feet of building area and features a layout that blends single-family appeal with multifamily income stability. The front of the parcel includes a detached three-bedroom, two-bath single-family residence (approximately 1,200 square feet), providing privacy and strong rental demand typically associated with standalone homes.

Investment highlights

The rear of the property consists of three additional rental units:

Two (2) two-bedroom / one-bath units

One (1) one-bedroom / one-bath unit

This diversified mix attracts a wide tenant demographic, including families, roommates, and individual renters, supporting occupancy stability and reducing tenant concentration risk.

The asset also includes four (4) single-car garages, offering secured on-site parking and potential supplemental income. Washer and dryer hookups further enhance tenant convenience and market competitiveness.

Listing Contacts

NI
CA 0225468
CBRE - South Bay
Listed by CBRE - South Bay

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Zoning

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R-1-N ResidentialSingle FamilySingle Family Residential Standard Lot
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Nelson Ilceus
License
0225468
Brokerage Phone
310-363-4921
Brokerage Address
2221 Rosecrans Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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