953 E. Carson Street
Great Bixby Knolls Location
Marketing description
Marcus & Millichap is pleased to present to market 953 East Carson Street, a six-unit apartment building in Long Beach's desirable Bixby Knolls neighborhood. Situated on a corner lot at the intersection of Carson Street and California Avenue, this well-maintained asset boasts attractive curb appeal, a desirable mix of three two-bed/one-bath and three one-bed/one-bath units, four single-car garages, and laundry facilities. The property is a 1948 construction that blends period charm, including hardwood floors and built-ins, with select interior upgrades.
953 East Carson Street is conveniently near popular retailers and restaurants, walkable to Atlantic Avenue dining options (Jamba Juice, Coffee Bean, Lola's, and more) and less than a mile to Trader Joe's. This location also offers convenient freeway proximity, with the 405 Freeway less than five minutes away. With an average household income over $137,000, this neighborhood has a strong tenant base.
Current rents are 20 percent below market, offering a new investor meaningful upside potential in a desirable neighborhood.
Investment highlights
- Well-maintained six-unit apartment building in Long Beach's affluent Bixby Knolls neighborhood
- Desirable mix of three two-bed/one-bath and three one-bed/one-bath units with interiors that blend period charm like hardwood floors and built-ins with select upgrades
- Property features four single-car garages and laundry facilities
- 20 Percent potential upside in rents
- Strong tenant base: average household income within one mile is over $137,000
- Proximate to Virginia Country Club, walkable to Atlantic Avenue dining options, less than a mile to a Trader Joe's and other popular retailers, and conveniently near the 405 Freeway
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