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3011 E 4th St 8 Unit Apartment Building $2,349,000 ($293,625/Unit) 5.50% Cap Rate Long Beach, CA 90814
Investment Highlights
- PRICED TO SELL - 9.7X GRM AND 6.9% CAP AT MARKET RENTS - IN PRIME LONG BEACH.
- 200 AMP electrical - Buyer to verify
- Excellent East Side location close to Belmont Shores and the Traffic Circle
- Excellent Unit Mix of all 2 & 3 bedrooms
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Executive Summary
PRICED TO SELL - 9.7X GRM AND 6.9% CAP AT MARKET RENTS - IN PRIME LONG BEACH.
8 units in Prime Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Located on the East Side of Long Beach close to Belmont Shores and the Traffic Circle. The property is impeccably maintained and professionally managed.
Excellent unit mix of 2 and 3 bed units featuring 4 garage spaces in the front of the property (each could be rented for $150 each). Unit interiors are in good condition, but a new owner could choose to upgrade them even further and increase rents to market, approx. 15% above current levels.
There is an onsite laundry room. The main electrical panel is 200 AMPS - Buyer to verify. The 3 bedroom unit has a large private patio in the rear of the building.
Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs.
Loan quote provided by David Guevara - Momenta Capital Group. 714.474.1284 dguevara@momentacg.com
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
8 units in Prime Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Located on the East Side of Long Beach close to Belmont Shores and the Traffic Circle. The property is impeccably maintained and professionally managed.
Excellent unit mix of 2 and 3 bed units featuring 4 garage spaces in the front of the property (each could be rented for $150 each). Unit interiors are in good condition, but a new owner could choose to upgrade them even further and increase rents to market, approx. 15% above current levels.
There is an onsite laundry room. The main electrical panel is 200 AMPS - Buyer to verify. The 3 bedroom unit has a large private patio in the rear of the building.
Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs.
Loan quote provided by David Guevara - Momenta Capital Group. 714.474.1284 dguevara@momentacg.com
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$208,000
|
$32.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$208,000
|
$32.48
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $208,000 |
| Annual Per SF | $32.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $208,000 |
| Annual Per SF | $32.48 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,349,000 | Apartment Style | Low-Rise |
| Price Per Unit | $293,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.50% | Building Size | 6,403 SF |
| Gross Rent Multiplier | 11.3 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | LBR3T | ||
| Price | $2,349,000 |
| Price Per Unit | $293,625 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,403 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2021 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | LBR3T |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | 771 |
| 3+2 | 1 | - | 1,000 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7257-005-017 | Improvements Assessment | $887,593 |
| Land Assessment | $1,623,648 | Total Assessment | $2,511,241 |
Property Taxes
Parcel Number
7257-005-017
Land Assessment
$1,623,648
Improvements Assessment
$887,593
Total Assessment
$2,511,241
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3011 E 4th St
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