2626 E Anaheim, Long Beach, CA 90804

• 3,644 sqft

Property Description

Huge 200k Price Reduction! Fully Renovated 6-unit building cash flowing at an amazing Current Cap Rate of 5.6% from day 1! Preliminary plans to add 5 ADUs to achieve an incredible 9.4% Cap Rate, 8 GRM, and only 195k/unit after taking into account all the construction costs (~546k assuming $200/SF). Attractive unit mix consisting of (4) well-designed One-Bedroom | One-Bathroom residential units plus (2) well-established commercial tenants (mini-market & flower-shop) both of which have been at this location for many years and have expressed interest for continued tenancy for years to come. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. Large lot with 7 parking spaces in the back with future development & ADU potential. The property has seen a complete restoration, down to every inch. Overall systems were updated with new copper plumbing in units, new electrical sub-panels in units, new HVAC systems, new water heaters, and brand-new windows in each unit. The units have undergone gut-level updating with new wood flooring, updated lighting fixtures, and brand-new kitchen and bathrooms. In the kitchen, there are new cabinets and modern countertops. The bathrooms boast new vanities

Listing Status:

Active

Date Added:

October 6, 2025 at 05:00AM

Listing Office:

Keller Williams Pacific Estate : 562-513-7800

Listing Agent:

Alec Kara : 818-720-8521

MLS ID:

CRPW25233825

Interior

• Laundry: See Remarks

Location

• County: Los Angeles

Lot

• Zoning: 7260028004

Utilities

• Utilities: Water/Sewer See Remarks

This listing courtesy of Alec Kara, Keller Williams Pacific Estate