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143 Pomona Ave 3 Unit Apartment Building $1,595,000 ($531,667/Unit) 3.16% Cap Rate Long Beach, CA 90803
Investment Highlights
- Less than 2 blocks to the Beach
- Easy access to 405, 605 & 710 freeways
- Less than 2 blocks to 2nd Street shopping & entertainment
Executive Summary
Located in the highly desirable Belmont Shore neighborhood, this well-maintained triplex offers investors a rare opportunity to acquire a quality asset in one of Long Beach’s most vibrant coastal communities. Positioned between Ocean Boulevard and 2nd Street, the property provides easy access to the beach, bay, and the eclectic 2nd Street shopping and dining district, ensuring strong tenant appeal and excellent lifestyle amenities within walking distance.
Cash or cash to a new loan. Sale not subject to Seller's 1031.
Cash or cash to a new loan. Sale not subject to Seller's 1031.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,595,000 | Apartment Style | Low-Rise |
| Price Per Unit | $531,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 3.16% | Building Size | 2,394 SF |
| Gross Rent Multiplier | 19.52 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | ||
| Zoning | LBR2S - Long Beach Residential Two-Family Small Lot | ||
| Price | $1,595,000 |
| Price Per Unit | $531,667 |
| Sale Type | Investment |
| Cap Rate | 3.16% |
| Gross Rent Multiplier | 19.52 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,394 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1947 |
| Zoning | LBR2S - Long Beach Residential Two-Family Small Lot |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,455 | - |
| 2+1 | 2 | $2,630 | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 7247-009-043 | Total Assessment | $419,653 (2025) |
| Land Assessment | $242,027 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $177,626 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
7247-009-043
Land Assessment
$242,027 (2025)
Improvements Assessment
$177,626 (2025)
Total Assessment
$419,653 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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143 Pomona Ave
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