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1557 Pine Ave 6 Unit Apartment Building $1,499,000 ($249,833/Unit) 5.43% Cap Rate Long Beach, CA 90813
Executive Summary
Has 4 garages, 3 separate structures, for 1 single family, it's a detached property.
Property Facts
| Price | $1,499,000 | Building Class | C |
| Price Per Unit | $249,833 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,952 SF |
| Cap Rate | 5.43% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2012 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LBR4R - Residential | ||
| Price | $1,499,000 |
| Price Per Unit | $249,833 |
| Sale Type | Investment |
| Cap Rate | 5.43% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,952 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2012 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | LBR4R - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
| 2+1.5 | 1 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7269-007-011 | Improvements Assessment | $702,774 |
| Land Assessment | $669,309 | Total Assessment | $1,372,083 |
Property Taxes
Parcel Number
7269-007-011
Land Assessment
$669,309
Improvements Assessment
$702,774
Total Assessment
$1,372,083
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1557 Pine Ave
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