816 Alamitos Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,450,000 USD
310-982-7055
816 Alamitos Ave, Long Beach, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/9
null | 4.96% Cap Rate

816 Alamitos Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Highest income 4-unit in all of Long Beach!
  • One block north of Downtown Long Beach!
  • 8 blocks to the beach!

OVERVIEW

- Large 3 buildings campus of a 4-unit property just outside of Downtown Long Beach - One 5 Bed/1 Bath house, one 4 Bed/2 Bath house, two 3 Bed/1 Bath apartments on a 6,483 square foot lot - Highest income 4-unit in the whole city of Long Beach at 11.8X GRM on actuals and 11.4X GRM on market rents - Low expense property separately metered for gas and electric - Well-maintained, professionally managed property in a dense, high demand rental market

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$443 USD /SF

# OF UNITS

4

PRICE/UNIT

$362,500

CAP RATE

4.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,700 SF

ZONING

LBR4N

APN/PARCEL ID

7267-025-031

ASK ABOUT THIS PROPERTY

Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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