1491 Atlantic Ave | Long Beach, CA 90813
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- LoopNet Team
1491 Atlantic Ave
Long Beach, CA 90813
New Construction 5 Unit Building · Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Brand New 2022 Construction located in a Desirable Central Long Beach Location
- Unit Amenities Include Large Kitchen Islands, Private Balconies, Laundry Rooms with W/D Hook-Ups
- Demand for Multi-Generational Housing Accommodations and Larger Units has Greatly Increased in Popularity
- 3 of the Units are Large 5br/3.75ba Townhomes with Attached Two-Car Garages
- Competitive Advantage in that there are very few Newer Constructed Buildings in this Market Area and Very Few with 5br Units
- Priced at a 5.29% Cap Rate and $383/Square Foot for the Building
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 6,845 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2022 |
| Building Class | B | Parking Ratio | 0.88/1,000 SF |
| Zoning | LBCO | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 6,845 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | LBCO |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+4 | 3 | $4,000 | 1,759 - 1,772 |
| 2+2 | 1 | $2,600 | 1,115 |
| Studios | 1 | $1,500 | 440 |
PROPERTY TAXES
| Parcel Number | 7269-031-017 | Improvements Assessment | $1,591,812 |
| Land Assessment | $1,061,208 | Total Assessment | $2,653,020 |
PROPERTY TAXES
Parcel Number
7269-031-017
Land Assessment
$1,061,208
Improvements Assessment
$1,591,812
Total Assessment
$2,653,020
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