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1113 Pacific Ave
Long Beach, CA 90813
8.04% CAP Rate | 9.95% Cash on Cash Return! · Multifamily Property For Sale
·
5 Units
Investment Highlights
- 8.04% CAP | 9.95% Cash on Cash Return!!!
- Private, garden-style layout with secure gated entry
- Extensively renovated with over $500,000 in recent capital improvements
- All 3-Bedroom Units
- No local rent control: subject only to AB 1482
- Can be sold with the Adjacent 2 Unit Parcel
Property Facts
| No. Units | 5 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 7,093 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1907/2023 |
| Building Class | C | Parking Ratio | 0.7/1,000 SF |
| Zoning | LBCO - PD-30 HIGH DENISTY No Parking Requirements Up to 80 Feet Unlimited Density (as long as the project falls within the City's Parameters) | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,093 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1907/2023 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | LBCO - PD-30 HIGH DENISTY No Parking Requirements Up to 80 Feet Unlimited Density (as long as the project falls within the City's Parameters) |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 5 | - | - |
Property Taxes
| Parcel Number | 7272-005-011 | Improvements Assessment | $572,220 |
| Land Assessment | $884,340 | Total Assessment | $1,456,560 |
Property Taxes
Parcel Number
7272-005-011
Land Assessment
$884,340
Improvements Assessment
$572,220
Total Assessment
$1,456,560
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