1761 Park Ave | Long Beach, CA 90815
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- LoopNet Team
1761 Park Ave
Long Beach, CA 90815
Multifamily Property For Sale
·
18 Units
Investment Highlights
- 6.0% Year One Cash-on-Cash Return
- Extensive Renovations Totaling over $50K per Unit
- Turnkey Property with Mix of Large One, Two and Three Bedroom Units
- 100% Occupied Asset Achieving Robust Rents
- New Double Pain Windows, Electrical and Plumbing Systems
Property Facts
| No. Units | 18 | Building Size | 15,918 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2020 |
| Building Class | C | Parking Ratio | 0.69/1,000 SF |
| Lot Size | 0.37 AC | ||
| Zoning | LBR4R | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 15,918 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2020 |
| Parking Ratio | 0.69/1,000 SF |
| Zoning | LBR4R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,188 | - |
| 2+1 | 10 | $2,215 | - |
| 2+2 | 2 | $2,395 | - |
| 3+2 | 4 | $2,845 | - |
Property Taxes
| Parcel Number | 7220-002-040 | Improvements Assessment | $2,555,100 |
| Land Assessment | $4,753,200 | Total Assessment | $7,308,300 |
Property Taxes
Parcel Number
7220-002-040
Land Assessment
$4,753,200
Improvements Assessment
$2,555,100
Total Assessment
$7,308,300
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