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1801-1803 E Wardlow Rd
Long Beach, CA 90807
Multifamily Property For Sale
·
19 Units
PROPERTY FACTS
| No. Units | 19 | Construction Status | Demolished |
| Property Type | Multifamily | Building Size | 14,332 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1960/2018 |
| Lot Size | 0.31 AC | Parking Ratio | 0.83/1,000 SF |
| Zoning | LBR4N | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Construction Status | Demolished |
| Building Size | 14,332 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2018 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | LBR4N |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
ABOUT 1801-1803 E WARDLOW RD , LONG BEACH, CA 90807
Marcus & Millichap is pleased to present the opportunity to acquire 1801 - 1803 East Wardlow Road, a renovated, 19-unit multifamily investment opportunity located in Long Beach, one of the premier housing markets in Southern California. Specifically, the property is in the historic neighborhood of California Heights and directly adjacent to the vibrant Bixby Knolls district. Fully renovated in 2017-2018, the property offers investors an exceptionally well-appointed building within one of the strongest submarkets in the city. The 14,332 square foot property consists of one-, two-, and three-bedroom floor plans. Originally built in 1960, 1801 - 1803 East Wardlow Road offers amenities including a communal courtyard, on-site leasing office, custom barbecues, swimming pool, individual garage parking, on-site laundry facilities, controlled access, ceiling fans, hardwood floors, and more. Given the overall strength of the apartment market in Long Beach, and specifically the fundamentals within California Heights & Bixby Knolls, 1801 - 1803 East Wardlow Road offers an investor the ability to capture quality tenants seeking a quaint residential neighborhood. The areas surrounding the property provides tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for a well-located and upgraded apartment will be a key driver in the continued growth and success at 1801 - 1803 East Wardlow Road.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $1,745 | 650 |
| 2+1 | 8 | $2,045 | 870 |
| 3+2 | 1 | $2,695 | 1,025 |
PROPERTY TAXES
| Parcel Number | 7147-024-024 | Improvements Assessment | $3,710,000 |
| Land Assessment | $2,200,000 | Total Assessment | $5,910,000 |
PROPERTY TAXES
