2516 E Anaheim Street, Long Beach, CA 90804

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
2516 E Anaheim Street,Long Beach, CA 90804
$2,000,000
  • 21 Beds
  • 13 Baths
  • 6,816 sq. ft.
  • Multi-family
  • Active
Listed by:
Office: marcus & millichap
MLS#:25595091
Source:CRMLS

Price summary

  • Price:$2,000,000
  • Price per sq. ft.:$293.43

About this home

We are pleased to present our newest listing at 2516 E Anaheim St, an 11-unit garden-style apartment community located in the heart of Long Beach's rapidly evolving Zaferia District. Offered at $181,000 per unit ($293 per square foot), this investment provides a compelling 6.8% CAP rate, 9.43 GRM, and an over 8% cash-on-cash return. The property features a desirable unit mix, with the majority consisting of spacious two-bedroom floorplans, and presents investors with an estimated 39% future rental upside. Recent upgrades, including new electrical panels, provide a solid foundation for future value-add improvements. Positioned along a high-traffic corridor near local shops, restaurants, and transit options, 2516 E Anaheim St offers strong in-place income with significant long-term growth potentiala rare opportunity to acquire a well-located asset in a supply-constrained coastal market.

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Home facts

  • Year built:1923
  • Listing ID #:25595091
  • Added:56 day(s) ago
  • Updated:November 15, 2025 at 11:45 AM

Rooms and interior

  • Bedrooms:21
  • Total bathrooms:13
  • Living area:6,816 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1923
  • Building area:6,816 sq. ft.
  • Lot area:0.36 Acres

Finances and disclosures

  • Price:$2,000,000
  • Price per sq. ft.:$293.43
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