$4,000,000 - 4676 4686 Banner Drive, Long Beach
- 0Beds
- Baths
- 0SQ. Feet
- 0.34Acres
Banner Gardens Apartments is a 16-unit multifamily investment property located in Long Beach, CA. The property offers attractive assumable financing at 4.06% through November 2024. Banner Gardens Apartments contains an excellent mix of studio, one, and two-bedroom floor plans with amenities including a private patio and deck (select units), hardwood and tile flooring, garage and surface parking, on-site laundry, and security doors. Additionally, 9 of 16 units have been renovated with quartz countertops, recessed lighting, shaker-style cabinetry, and more. Long Beach’s strong rental metrics, including a 2021 vacancy rate of just 1.8 percent and year-over-year rent growth of 12.1 percent, are evidence of the substantial demand for rental units in the area. With current rents below market rates, Banner Gardens Apartments represents an attractive value-add opportunity for a new owner. Banner Gardens Apartments is situated in the desirable Bixby Knolls neighborhood of Long Beach, which primarily features single-family homes. Residents enjoy convenient access to everyday needs as well as a plethora of retail, dining, and entertainment options at the recently constructed Long Beach Exchange that is within 2 miles of the property. Banner Gardens Apartments is in close proximity to all levels of schooling including Barton Elementary School, Hughes Middle School, and Jordan High School. Additionally, the property benefits from its location within 1.90 miles of Interstates 710 and 405, connecting residents to employment hubs throughout Los Angeles and Orange Counties.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:OC22243593
- Price:$4,000,000
- Bathrooms:0.00
- Acres:0.34
- Year Built:1946
- Type:Residential Income
- Sub-Type:Apartment
- Status:Closed
- Listing Agent:Tyler Leeson
- Listing Office:Marcus & Millichap RE Invest
Community Information
- Address:4676 4686 Banner Drive
- Area:699 - Not Defined
- City:Long Beach
- County:Los Angeles
- Zip Code:90807
Amenities
- Parking Spaces:10
- # of Garages:4
- Pool:None
Interior
- # of Stories:2
- Stories:Two
Exterior
- Lot Description:Street Level
Additional Information
- Date Listed:November 17th, 2022
- Days on Market:123
- Zoning:LBR3S
Similar Type Properties to OC22243593, 4676 4686 Banner Drive, Long Beach
Back to Results
The Coronado Avenue Apartments Is A Nine-unit A...
Coolidge Apartments Is An 18-unit Multifamily I...
Offering A Strong Current Capitalization Rate O...
Similar Neighborhoods in Long Beach, California
Back to Results- City:
- Long Beach
- Price Range:
- $415,000 - $11,495,000
- Current Listings:
- 67
- HOA Dues:
- $0
- Average Price per Square Foot:
- $385
North Long Beach (nlb)
- City:
- Long Beach
- Price Range:
- $599,000 - $3,995,000
- Current Listings:
- 34
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
Related Blog Posts
Back to ResultsDowntown Long Beach 
Downtown Long Beach condos can offer wonderful Ocean, Marina, Catalina Island and city light views in Long Beach, California.
There are currently 55 blog entries related to this category.
Alamitos Beach Ocean View Homes
1424 Views, 0 Comments.
If you have every visited Long Beach, California that you probably know that there are a wide range of neighborhoods to choose from. One of the more upscale areas of Long Beach tends to be the Alamitos Beach area that includes many of the Downtown condos. A select number of these will offer ocean views that over look directly on to Alamitos Beach which typically command a premium in price. Some of the more popular condo buildings include Aqua Towers, West Ocean Towers and the historic Villa Riviera. Real Estate prices for condos here are typically lower than other neighboring beach towns which makes Long Beach so attractive. If you are willing to live in a place that is located not right on the beach then real estate prices…
Sunset Pointe Long Beach Condos
583 Views, 0 Comments.
One of the more affordable places to buy a condo in the Downtown Long Beach area is the Sunset Pointe condo complex. If you are familiar with the Downtown area then you will love that this condo building is located approximately two blocks from Broadway street and approximately three blocks from Ocean Blvd which is the main hub where you will find a lot of the great restaurants and shopping here. What I love about this building is that no matter what the market is doing the prices seem to remain pretty stable over the years with no huge spikes. What the building is most well known for is the wonderful roof top pool and spa area as pictured below. It gives the building a true resort feel to it as well as providing underground…
Ebell Theatre Long Beach Lofts
453 Views, 0 Comments.
One of the most unique places to live in Long Beach, California is the Ebell Theatre Lofts in the Downtown Long Beach area. There are several historic buildings in the Downtown area that were built in the 1920's and Ebell Theatre is one of the them. The condos were built here around 1924 with several studio, one and two bedroom units located here. On average, we only see one or two of these condos come on the market each year as inventory is very limited here for those looking to purchase. What I love about these lofts is that many of them offering soaring ceilings, concrete floors and an open concept floor plan that fits the modern way of living.
Real Estate prices for the lofts tend to be difficult to gauge since…
The Wilsonian Long Beach Condos
634 Views, 0 Comments.
When looking for a home in the Downtown Long Beach area we always looking in a several block radius away from the water and the beach. We tend to find some of the best real estate prices for condos that offer just a short distance to the beach as well as the many great restaurants and shopping that can be found in the Downtown area. One great example of this is the Wilsonian condo building that is located at 440 Chestnut Avenue in Long Beach, California. The Wilsonian is an older building that was built in 1962 with the large majority of condos coming up for sale here being two bedroom floor plans with some one bedroom units as well. Over the years real estate prices have consistently stayed in the near the mid $200,000 range and…
Long Beach Lease Option Homes For Sale
409 Views, 0 Comments.
With a shift in the real estate market here in Southern California the more you are going to see sellers that are open to creative ways to sell their home. In a down market, owners of properties need to be flexible in how they sell their home since there is typically a limited number of buyers in the marketplace that can buy a home. This is especially true for the city of Long Beach where homes in a down market can take a longer time to sell. One of the creative options we are starting to see is the idea of a lease option. These are properties that are listed for lease with the owners also willing to sell as well. In these cases, a lease with an option to buy can often be negotiated if you know how to structure the deal…
Golden Gate Square Long Beach Condos
665 Views, 0 Comments.
One of the small condo buildings located in the Downtown Long Beach area that often goes overlooked is the Golden Gate Square condo building located at 730 W 4th Street. Here you will find one and two bedrooms that come on the market for sale here and tend to be some of the lowest priced condos in the downtown area. The location is a several block radius to the water front area and next to Cesar Chavez Park and a much large one called Golden Park. There is also the Cesar Chavez elementary school located within a short distance to these condos which makes it ideal for those with younger children. Over the past couple of years real estate prices have gone up like everywhere else but not a super crazy high rate. There are…
Ocean Park Imperial Long Beach Condos
589 Views, 0 Comments.
One of the more popular condos buildings located just a few block radius to the beach in the greater Downtown area of Long Beach is the Ocean Park Imperial condo complex. The location sits off 1st street near the Bixby Park area with one and two bedroom floors that can found here. Real Estate prices in the high $600,000 range to low $700,000 range for two bedroom condos with an approximate 1,284 square feet of living space.
What I love about this 3 story building is the rooms tend to be good size with an open living and dining room space that can come with recessed lighting and crown molding. Many of these units also come with good size kitchens that offer a variety of storage options and large enough for a center island breakfast…
Long Beach Single Family Homes Under $700,000
1288 Views, 0 Comments.
Long Beach has always been widely considered one of the most affordable places to buy a single family near the beach in Los Angeles County. There are a number of homes that are currently for sale that are listed under $700,000. When considering buying a home in this price range in the Long Beach area it's important to know the different areas and the pros and cons to buying in each of these areas. The neighborhoods in Long Beach can be drastically different depending on where you want to buy a home. For the most part, detached single family homes can be found in three different areas in Long Beach. First are the homes located on the ocean side the 1 freeway which are the homes located closest to the beach. The second…
Barcelona Long Beach Historic Condos For Sale
1119 Views, 0 Comments.
One of the more charming places to buy a condo in the Long Beach area is the Barcelona condo complex. The complex dates back to 1928 and has the look and feel of an old historic Spanish Village with one and two bedrooms condos located around a central courtyard. This is a rather small complex with only 20 condos located here with condos located on either the ground or second level. What I love about these condos is some of the original details that can still be found in these condos. Select condos in this building will offer beautiful hardwood flooring, wood beamed ceilings and classic Spanish tiles. Condos in the building often come with a secured parking space with additional storage capabilities and two laundry…
Glen Ellyn Manor Long Beach Condos
1687 Views, 0 Comments.
One of the best kept secrets for finding condos in the $200,000 range in the Glen Ellyn Manor complex in Long Beach, California. The condos offer a prime location in the Downtown Long Beach area and just a couple blocks to Ocean Blvd which sits right next to the beach and Pacific Ocean. Most of the properties we have seen come on the market in recent years have been one bedroom units that go up to 594 square feet of living space. There have been some smaller studio units that go up to 404 square feet and large 2 bedroom units 780 square feet.
The most ideal buyer for Glen Ellyn Manor condos would either be first time home buyers who don't want to pay rent to live in the area or for real estate investors looking to buy and then rent…
Based on information from California Regional Multiple Listing Service, Inc. as of April 18th, 2024 at 11:54pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.