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1309 E Appleton St
Long Beach, CA 90802
Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Building Size | 9,288 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1957/2017 |
| Building Class | C | Parking Ratio | 0.86/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | R4, Long Beach | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 9,288 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2017 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | R4, Long Beach |
ABOUT 1309 E APPLETON ST , LONG BEACH, CA 90802
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1309 East Appleton Street, a 12-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets. Built in 1957 and renovated in 2017, 1309 East Appleton offers investors the opportunity to capitalize on these strong market trends and current renovations that should increase rental income by approximately 23 percent. This offering represents a rare opportunity in a market where similar opportunities are made available only once or twice per year. Situated on a 0.19-acre lot, the 9,288 square foot property consists of one-bedroom and two-bedroom floor plans averaging 774 square feet. 1309 East Appleton Street offers an attractive range of in-unit upgrades such as new flooring, paint, and appliances. Common area amenities include garage parking, controlled keypad access, a community barbecue and more.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 740 |
| 2+2 | 2 | - | 944 |
PROPERTY TAXES
| Parcel Number | 7275-011-022 | Improvements Assessment | $1,137,827 |
| Land Assessment | $3,413,486 | Total Assessment | $4,551,313 |
PROPERTY TAXES
