1746 E 10th St
Long Beach, CA 90813
Multifamily Property For Sale
·
7 Units
Property Facts
| No. Units | 7 | Building Size | 5,811 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 0.52/1,000 SF |
| Lot Size | 0.10 AC | ||
| Zoning | LBR2N | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,811 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.52/1,000 SF |
| Zoning | LBR2N |
Amenities
Unit Amenities
- Granite Countertops
About 1746 E 10TH ST , LONG BEACH, CA 90813
Stepp Commercial is pleased to present 1746 E. 10th Street, a seven-unit stabilized asset with an additional bonus studio unit in the highly desirable Eastside rental market of Long Beach, just minutes to shopping, dining and nightlife amenities along Fourth Street/Retro Row. The property features bright and open floor plans with an attractive mix of five two-bedroom/one-bath units, two one-bedroom/one-bath units and one non-conforming studio unit. Building improvements include a brand new roof and ABS plumbing installed in 2018. The building is separately metered for gas and electric, and three separate garages provide additional income potential. With a 5.80% cap rate and 11.43 GRM on actuals, this property presents buyers with a strong stabilized asset with 11% rental upside in a solid rental submarket. The area surrounding Rose Circle Park, known for its enclave of desirable 1910- 1922 Craftsman Bungalows, has developed into a bustling, walkable neighborhood offering many dining, nightlife and retail amenities. Eclectic and hip Fourth Street Retro Row is a popular destination for its selection of vintage and contemporary clothing, furniture, and art antiques as well as locally-owned restaurants, coffee shops and wine bars.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,263 | 485 |
| 1+1 | 2 | $1,260 | 650 |
| 2+1 | 5 | $1,890 | 805 |
Property Taxes
| Parcel Number | 7267-017-016 | Improvements Assessment | $686,041 |
| Land Assessment | $1,338,620 | Total Assessment | $2,024,661 |
Property Taxes
