See Home Value
$3,035,029*
Multifamily - Off Market

125 E Spring Street

Long Beach, CA 90806
bedrooms
Studio
bathrooms
0 Bath
$1,868,000 - $2,282,000
Reference Base Price*
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

125 Spring Street is a 9-unit investment opportunity in the Wrigley-Memorial Heights neighborhood of Long Beach. Built in 1963, the building features (4) two-bedroom/one-bath units and (5) one-bedroom/one-bath units, as well as (6) garages. Wrigley-Memorial Heights offers commuters quick access to all parts of Long Beach and Greater Los Angeles via major freeways as well as the Metro Blue Line, which runs between Downtown Long Beach and Downtown Los Angeles, with 22 stops along the way. Also in close proximity are employment and retail hubs - the Douglas Park office park and the Long Beach Exchange. The city is also in the midst of planning for the Globemaster Specific Corridor, the 93-acre site formerly home to Boeing's C-17 manufacturing site. Recently purchased by Goodman Group, plans will potentially encompass commercial and residential projects. This property provides an excellent opportunity for an investor to own an asset with over 18 percent upside potential in a dynamic and growing location. Wrigley Heights is a hidden gem that is well- known for both its name and its tradition as a well-established historic neighborhood. As one of the earliest developments of Long Beach, this neighborhood has seen a lot of change but remains largely untouched by time. Tidy streets lined with palm trees and carefully tended lawns give this area the nostalgic feeling of suburban America.
Unit Size
-
Days on Market
-
Land Size
7,970.00 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1963

Price History

Date / Event Date Event Price
Dec 6, 2019 Relisted $2,075,000
Relisted
Dec 5, 2019 No longer available -
No longer available
Nov 28, 2019 No longer available -
No longer available
Nov 16, 2019 No longer available -
No longer available
Nov 9, 2019 No longer available -
No longer available
Show More

Property Highlights

Garage


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
5,983 ft²
$351/ft²
$2,100,000 Aug 3, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190828
08/28/2019
Studio
-
-
$2,075,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

125 East Spring Street 125 East Spring Street, Long Beach, CA 90806
More about this Building
125 East Spring Street
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About Memorial Heights


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