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3216 E 4th St 2 Unit Apartment Building $1,500,000 ($750,000/Unit) 2.29% Cap Rate Long Beach, CA 90814
Investment Highlights
- Property owner is a licensed general contractor. new roof, excellent condition, great location close to beach.
Executive Summary
Two-unit multifamily property in Bluff Heights, Long Beach, featuring 1,758 square feet of living space on a compact lot, originally built in 1924 and offered near an estimated value of $1.5 million.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $750,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 2.29% | Building Size | 1,758 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 3.98/1,000 SF |
| Zoning | LBCNR - Residential | ||
| Price | $1,500,000 |
| Price Per Unit | $750,000 |
| Sale Type | Investment |
| Cap Rate | 2.29% |
| Sale Condition | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 1,758 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 3.98/1,000 SF |
| Zoning | LBCNR - Residential |
Amenities
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $4,000 | 1,758 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 7257-013-002 | Improvements Assessment | $294,747 |
| Land Assessment | $669,888 | Total Assessment | $964,635 |
Property Taxes
Parcel Number
7257-013-002
Land Assessment
$669,888
Improvements Assessment
$294,747
Total Assessment
$964,635
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3216 E 4th St
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