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1505 E 11th St
Long Beach, CA 90813
Multifamily Property For Sale
·
21 Units
PROPERTY FACTS
| No. Units | 21 | Building Size | 13,924 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 0.65/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | LBR2N - Residential | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 13,924 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 0.65/1,000 SF |
| Zoning | LBR2N - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- 24 Hour Access
ABOUT 1505 E 11TH ST , LONG BEACH, CA 90813
Marcus & Millichap is pleased to present 1505 East 11th Street, a 21-unit apartment building in Long Beach, California. The property is located in a dense rental area of Eastside Long Beach south of Anaheim Street and between Hoffman and Walnut avenues. This offering presents a great opportunity for an investor to acquire an asset in good condition in a strong rental market and capture huge potential upside in rents. The property consists of a 1964 construction building with two two-bed/one-bath, nine two-bed/one-and-one-half-bath, seven one-bed/one-bath and three studio units. The units are separately metered for gas and electricity, and the building also offers income-generating on-site laundry and garage parking. 1505 East 11th Street has been well-maintained and boasts recent improvements that include updated copper plumbing, a new mainline, new gutters, new exterior lighting, a newer roof (replaced within the past five years), and the exterior was recently repainted.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 500 |
| 1+1 | 6 | - | 650 |
| 2+1 | 2 | - | 900 |
| 2+2 | 10 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | 7267-001-036 | Improvements Assessment | $2,016,295 |
| Land Assessment | $3,714,228 | Total Assessment | $5,730,523 |
PROPERTY TAXES
