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150 Saint Joseph Ave 5 Unit Apartment Building $1,895,000 ($379,000/Unit) 4.11% Cap Rate Long Beach, CA 90803
Investment Highlights
- Belmont Shore location between the Beach & 2nd Street
- Easy access to 405, 605 & 22 freeways
- Walk to Bay, Beach or 2nd Street entertainment & shopping
Executive Summary
Great Belmont Shore location below 2nd Street, 1.5 blocks to the Ocean. Sale is 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $379,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 4.11% | Building Size | 2,966 SF |
| Gross Rent Multiplier | 15.95 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.01/1,000 SF |
| Zoning | LBR2S - Residential | ||
| Price | $1,895,000 |
| Price Per Unit | $379,000 |
| Sale Type | Investment |
| Cap Rate | 4.11% |
| Gross Rent Multiplier | 15.95 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,966 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | LBR2S - Residential |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,573 | - |
| 1+1 | 2 | $2,160 | - |
| 2+1 | 1 | $2,350 | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 7247-002-016 | Improvements Assessment | $267,855 (2025) |
| Land Assessment | $327,616 (2025) | Total Assessment | $595,471 (2025) |
Property Taxes
Parcel Number
7247-002-016
Land Assessment
$327,616 (2025)
Improvements Assessment
$267,855 (2025)
Total Assessment
$595,471 (2025)
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150 Saint Joseph Ave
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