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14 Units in LB Not Subject to Rent Control - 1735 E 10th St 14 Unit Apartment Building $3,049,000 ($217,786/Unit) 6.30% Cap Rate Long Beach, CA 90813
Investment Highlights
- Priced to sell at 9.9 GRM and 6.3% CAP with upside to 9.3 GRM and a 7.0% CAP.
- EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
- All interiors and exterior recently updated.
- NOT Subject to local Rent Control.
- EMAIL LISITNG AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
- 11 onsite parking spaces.
Executive Summary
Priced to sell at 9.9 GRM and 6.3% CAP with upside to 9.3 GRM and a 7.0% CAP.
14 units in Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located on the East Side. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry.
The property features an excellent unit mix of 1 and 2 bed units with 11 open parking spaces in the rear. The exterior and all interiors were updated in 2019. Unit interiors feature updated flooring, kitchen counter tops, lighting and paint.
EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more - Riley Laines - rlaines@momentacg.com -714.916.2810.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
14 units in Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located on the East Side. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry.
The property features an excellent unit mix of 1 and 2 bed units with 11 open parking spaces in the rear. The exterior and all interiors were updated in 2019. Unit interiors feature updated flooring, kitchen counter tops, lighting and paint.
EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more - Riley Laines - rlaines@momentacg.com -714.916.2810.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$307,000
|
$29.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$307,000
|
$29.94
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $307,000 |
| Annual Per SF | $29.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $307,000 |
| Annual Per SF | $29.94 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,049,000 | Building Class | C |
| Price Per Unit | $217,786 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 10,253 SF |
| Cap Rate | 6.30% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.9 | No. Stories | 2 |
| No. Units | 14 | Year Built/Renovated | 1928/2019 |
| Property Type | Multifamily | Parking Ratio | 1.17/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R2N, Long Beach | ||
| Price | $3,049,000 |
| Price Per Unit | $217,786 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| Gross Rent Multiplier | 9.9 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 10,253 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2019 |
| Parking Ratio | 1.17/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2N, Long Beach |
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (88)
Property Taxes
| Parcel Number | 7267-012-035 | Improvements Assessment | $1,300,500 |
| Land Assessment | $2,392,920 | Total Assessment | $3,693,420 |
Property Taxes
Parcel Number
7267-012-035
Land Assessment
$2,392,920
Improvements Assessment
$1,300,500
Total Assessment
$3,693,420
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14 Units in LB Not Subject to Rent Control - | 1735 E 10th St
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