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3301 E Wilton St
Long Beach, CA 90804
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Approved Plans for (3) Brand-New ADU Units- Shovel Ready!
- Strong In-place CAP Rate with Upside Potential
- No Rent Control (Only AB1482)
- Rare Cottage-Style Single Story Construction
- Ample Parking with (3) Garages and (1) Uncovered Space
- Privately Gated Garden-Style Community
Executive Summary
The Swanson Apartment Team is pleased to present The Wilton Courtyard, a 5-unit multifamily investment opportunity located at 3301 E Wilton Street in Long Beach’s highly desirable Eastside submarket. A key value-add component is the property’s approved ADU plans for 3 additional units, providing an investor with a shovel-ready development opportunity and the potential to expand the asset to 8 total units.
The existing 5-units offers a stable in-place multifamily investment with additional upside through the execution of the approved ADU plans. The combination of existing cash flow and a defined unit-addition strategy provides investors with an opportunity to increase unit count, enhance overall income, and create additional value through the expansion of the existing asset.
The Wilton Courtyard is strategically positioned near Belmont Shore, 2nd Street, Retro Row, Broadway, and Downtown Long Beach—established areas that benefit from strong renter demand and proximity to the coast. Residents enjoy convenient access to restaurants, retail, entertainment, parks, and recreation, with the beach just minutes away.
The property also offers excellent regional connectivity via the 405 and 710 Freeways, providing convenient access throughout Long Beach, Los Angeles, and Orange Counties. With 5 existing units, approved plans for 3 additional ADUs, and a strong coastal Long Beach location, The Wilton Courtyard presents investors with an opportunity to acquire an existing income-producing asset with a clearly defined path to increasing density and long-term value.
The existing 5-units offers a stable in-place multifamily investment with additional upside through the execution of the approved ADU plans. The combination of existing cash flow and a defined unit-addition strategy provides investors with an opportunity to increase unit count, enhance overall income, and create additional value through the expansion of the existing asset.
The Wilton Courtyard is strategically positioned near Belmont Shore, 2nd Street, Retro Row, Broadway, and Downtown Long Beach—established areas that benefit from strong renter demand and proximity to the coast. Residents enjoy convenient access to restaurants, retail, entertainment, parks, and recreation, with the beach just minutes away.
The property also offers excellent regional connectivity via the 405 and 710 Freeways, providing convenient access throughout Long Beach, Los Angeles, and Orange Counties. With 5 existing units, approved plans for 3 additional ADUs, and a strong coastal Long Beach location, The Wilton Courtyard presents investors with an opportunity to acquire an existing income-producing asset with a clearly defined path to increasing density and long-term value.
Property Facts
| Price Per Unit | $279,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.76% | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 12.38 | Building Size | 2,551 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Zoning | LBR2N - Multiple Dwelling | ||
| Price Per Unit | $279,000 |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| Gross Rent Multiplier | 12.38 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,551 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | LBR2N - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,879 | 510 |
Property Taxes
| Parcel Number | 7259-004-008 | Improvements Assessment | $561,000 |
| Land Assessment | $663,000 | Total Assessment | $1,224,000 |
Property Taxes
Parcel Number
7259-004-008
Land Assessment
$663,000
Improvements Assessment
$561,000
Total Assessment
$1,224,000
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