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111 W Del Amo Blvd
Long Beach, CA 90805
Del Amo Apartments · Multifamily Property For Sale
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18 Units
Investment Highlights
- 18-Unit Apartment Building With a Mix of Eight Two-Bedroom/One-Bath Units and 10 One-Bedroom/ One-Bath Units
- Property Boasts a Pool, Garage Parking, On-Site Laundry, Controlled Access, and New Windows
- Located in a Strong Rental Market Directly Across From a Middle School and Proximate to the Virginia Country Club
- Partially Renovated Asset With 42 Percent Rental Upside
- Potential Assumable Financing Available: 3.25% Fixed For Approximately Three More Years With a Remaining Balance of $1.902 Million as of February 2023
Property Facts
| No. Units | 18 | Building Size | 12,404 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 0.97/1,000 SF |
| Lot Size | 0.30 AC | ||
| Zoning | LBR1N | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 12,404 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | LBR1N |
Amenities
Unit Amenities
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1.00 | 650 |
| 2+1 | 8 | $1.00 | 850 |
Property Taxes
| Parcel Number | 7132-024-019 | Improvements Assessment | $3,953,520 |
| Land Assessment | $832,320 | Total Assessment | $4,785,840 |
Property Taxes
Parcel Number
7132-024-019
Land Assessment
$832,320
Improvements Assessment
$3,953,520
Total Assessment
$4,785,840
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