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3520 Elm Ave
Long Beach, CA 90807
Highest Return in Bixby Knolls! · Multifamily Property For Sale
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14 Units
Investment Highlights
- Prime Bixby Knolls Location, 1 Mile from Virginia Country Club
- 26% Upside in Net Operating Income
- RUBS In Place to Reduce Owner Utility Expense Signifcantly
- Over 70% 2 Bedroom Units with Attractive Unit Amenities
- 4.92% Cap Rate Current AND Upside to a 6.2% Cap Rate
- Attractive Unit Amenities - Parking, Pool, Laundry, & Walk Score of 86
Property Facts
| No. Units | 14 | Building Size | 10,936 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.1/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | LBR4N - Medium Density Multiple Residence | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 10,936 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | LBR4N - Medium Density Multiple Residence |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,612 | - |
| 1+1 | 2 | $1,840 | - |
| 2+1 | 10 | $2,187 | - |
Property Taxes
| Parcel Number | 7145-011-006 | Improvements Assessment | $2,164,864 |
| Land Assessment | $1,677,769 | Total Assessment | $3,842,633 |
Property Taxes
Parcel Number
7145-011-006
Land Assessment
$1,677,769
Improvements Assessment
$2,164,864
Total Assessment
$3,842,633
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