600 Almond Ave - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$2,295,000 USD
310-463-2916
600 Almond Ave, Long Beach, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/8
null | 4.66% Cap Rate

600 Almond Ave
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • All Units Extensively Renovated with Condo-Style Finishes
  • Sizable Two Bedroom Units Averaging 1180 SF
  • Large 3BD/3BA Townhouse-Style Owners Unit
  • Unit 5 May be Delivered Vacant, Offering Rental Upside Opportunity
  • Controlled Access Building with 4 Garages
  • Desirable North Alamitos Beach Location

OVERVIEW

600 Almond Avenue is a 6-unit apartment asset located in North Alamitos Beach. The property is comprised of (1) 3BD/3BA townhouse unit, perfect for owner/user, (4) 2BD/2BA units, and (1) 2BD/1BA unit. Unit 5 may be delivered vacant, offering rental upside opportunity for a new buyer. All units have been extensively renovated with condo-style finishes. The controlled-access building also features four garages. With a Walk Score of 91, the property is conveniently located in close proximity to amenities for daily living as well as walking distance to shopping and dining along 4th Street/Retro Row.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

6

PRICE/UNIT

$382,500

CAP RATE

4.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

All Units Renovated

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LBR3T

APN/PARCEL ID

7266-016-008

ASK ABOUT THIS PROPERTY

Robert SteppStepp CommercialMore Info
310-463-2916

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Robert SteppStepp CommercialMore Info
310-463-2916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.