44 Alamitos Ave - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$7,500,000 USD
310-463-2916
44 Alamitos Ave, Long Beach, CA for Sale
$7,500,000 USD
Apartments - FOR SALE
1/10
null | 5.62% Cap Rate

44 Alamitos Ave
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • A+ Alamitos Beach, Priced at $203K per Unit
  • Updated Electrical
  • Controlled Access Building with On-Site Laundry
  • Value Add Opportunity for Non-Renovated Units
  • Walking Distance to East Village Arts District, Downtown, Shoreline Village, and Direct Access to the Bike Path

OVERVIEW

44 Alamitos Avenue presents a rare opportunity for investors to acquire 37 units in an unparalleled Alamitos Beach location just one block from the Waterfront, priced at $203K per door. Situated on a lot size of ±6,325 square feet, the controlled access building consists of (31) studio units and (6) 1BD / 1BA units. The property features on-site laundry facilities, as well as updated electrical. 44 Alamitos may be purchased with the neighboring property at 40 Alamitos presenting an additional 34 units in an irreplaceable location. With a Walk Score of 93 and a Bike Score of 91, 44 Alamitos Avenue offers residents convenient access to the beach bike path and boardwalk, as well as all the amenities available at Shoreline Village, East Village Arts District, and Downtown.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$476 USD /SF

# OF UNITS

37

PRICE/UNIT

$202,703

CAP RATE

5.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$203K per Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,316 SF

ZONING

CCT, Long Beach

APN/PARCEL ID

7265-003-031

ASK ABOUT THIS PROPERTY

Robert SteppStepp CommercialMore Info
310-463-2916

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Robert SteppStepp CommercialMore Info
310-463-2916

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