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1057 Euclid Ave 6 Unit Apartment Building $1,789,000 ($298,167/Unit) 5.40% Cap Rate Long Beach, CA 90804
Investment Highlights
- Excellent unit mix of 1 and 2 bed units.
- Heavy remodel - over $350K spent - new electrical, interiors and exterior.
- 12% Rental Upside just by issuing rent increases.
- PRIME Long Beach location.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Executive Summary
6 units in Prime Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located in a great location on the East side, close to the Traffic Circle, Belmont Shores, Park Estates and CSULB. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry.
The property features an excellent unit mix of 1 and 2 bed units with 4 parking spaces in the front of the building. The exterior and all interiors were heavily updated. Interiors feature new kitchens, baths, flooring, etc. The exterior has new lighting, painting and landscaping. Over $350K was spent. The electric main and sub panels were updated as well and all SB 721 Balcony work has been completed.
This property is perfect for an investor looking for a plug and play building with no work to be done. Rents are approximately 12% below market. EARN OVER A 9% CASH ON CASH RETURN AT MARKET RENTS.
Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs.
Qualified Buyers can obtain a new loan fixed at 5.05% for 5 years, Interest Only. Contact Loan Broker to find out more - David Guevara - dguevara@momentacg.com.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
The property features an excellent unit mix of 1 and 2 bed units with 4 parking spaces in the front of the building. The exterior and all interiors were heavily updated. Interiors feature new kitchens, baths, flooring, etc. The exterior has new lighting, painting and landscaping. Over $350K was spent. The electric main and sub panels were updated as well and all SB 721 Balcony work has been completed.
This property is perfect for an investor looking for a plug and play building with no work to be done. Rents are approximately 12% below market. EARN OVER A 9% CASH ON CASH RETURN AT MARKET RENTS.
Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs.
Qualified Buyers can obtain a new loan fixed at 5.05% for 5 years, Interest Only. Contact Loan Broker to find out more - David Guevara - dguevara@momentacg.com.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$150,000
|
$35.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$150,000
|
$35.78
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $35.78 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $35.78 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,789,000 | Apartment Style | Low-Rise |
| Price Per Unit | $298,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.40% | Building Size | 4,192 SF |
| Gross Rent Multiplier | 11.9 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1959/2019 |
| Property Subtype | Apartment | Parking Ratio | 0.95/1,000 SF |
| Zoning | LBR4R | ||
| Price | $1,789,000 |
| Price Per Unit | $298,167 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 11.9 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,192 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2019 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | LBR4R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,895 | - |
| 2+1 | 2 | $2,295 | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7254-012-028 | Improvements Assessment | $587,908 |
| Land Assessment | $1,485,691 | Total Assessment | $2,073,599 |
Property Taxes
Parcel Number
7254-012-028
Land Assessment
$1,485,691
Improvements Assessment
$587,908
Total Assessment
$2,073,599
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