1805 E Wardlow Rd | Long Beach, CA 90807
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- LoopNet Team
1805 E Wardlow Rd
Long Beach, CA 90807
3.53% Assumable Financing · Multifamily Property For Sale
·
45 Units
INVESTMENT HIGHLIGHTS
- 3.53% Assumable Financing Until November 2029
- Rare Opportunity in Desirable California Heights Neighborhood
- On-site Amenities Include Pool, BBQ & Dining Area, Manager's Office
- 11.78 GRM on Current Rents - 7.45% Total Return
- All Units Completely Remodeled / All-Electric Building
- 41 Individual Garages, Some with Potential for ADU Conversion (Buyer to Verify)
PROPERTY FACTS
| No. Units | 45 | Building Size | 32,585 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/2018 |
| Building Class | B | Parking Ratio | 2.21/1,000 SF |
| Lot Size | 0.45 AC | ||
| Zoning | LBR4N - Residential | ||
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.45 AC |
| Building Size | 32,585 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2018 |
| Parking Ratio | 2.21/1,000 SF |
| Zoning | LBR4N - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 31 | - | 650 |
| 2+1 | 8 | - | 870 |
| 2+2 | 5 | - | 890 |
| 3+2 | 1 | - | 1,025 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $8,791,530 | |
| Land Assessment | $5,200,000 | Total Assessment | $13,991,530 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,200,000
Improvements Assessment
$8,791,530
Total Assessment
$13,991,530
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