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1490 Gundry Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
4 Units
Executive Summary
This well-maintained 4-unit income property offers an attractive unit mix consisting of one spacious 2-bedroom, 1-bath unit and three comfortable 1-bedroom, 1-bath units, providing strong rental appeal for a variety of tenants. Each unit is thoughtfully designed to maximize living space and functionality. The property also features four individual one-car garages, offering valuable off-street parking and additional convenience for residents. With its desirable unit configuration, garage parking, and solid income-producing potential, this property presents an excellent opportunity for both investors and owner-users seeking a well-located and versatile multifamily asset
Property Facts
| Price Per Unit | $262,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.91% | Building Size | 2,464 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LBR2N - Two-family Residential, standard lot | ||
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| Cap Rate | 6.91% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,464 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Opportunity Zone |
Yes |
| Zoning | LBR2N - Two-family Residential, standard lot |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,293 | - |
| 1+1 | 3 | $1,625 | - |
Property Taxes
| Parcel Number | 7268-038-004 | Improvements Assessment | $258,594 |
| Land Assessment | $246,282 | Total Assessment | $504,876 |
Property Taxes
Parcel Number
7268-038-004
Land Assessment
$246,282
Improvements Assessment
$258,594
Total Assessment
$504,876
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