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127-129 Grand Avenue 3704 E 2nd St 3 Unit Apartment Building $1,750,000 ($583,333/Unit) 3.42% Cap Rate Long Beach, CA 90803
Investment Highlights
- Two (2) two-bedroom, one-bath units
- Three (3) on-site garages
- Upstairs deck fully remodeled (2025)
- One (1) three-bedroom, one-bath unit
- Fully occupied - Strong upside in rents
- On-site community laundry
Executive Summary
Rare Portfolio Offering – Portfolio or Individual Sales Considered. Once-in-a-generation opportunity to acquire well-located, income-producing property in Belmont Heights. 3704 E. 2nd Street features a strong operating history, long-term investment appeal, and desirable unit mixes. Ideal for an owner-user, or investment. -Fully occupied -Three (3) total residential units -Two (2) two-bedroom, one-bath units -One (1) three-bedroom, one-bath unit -Three (3) on-site garages with parking space in front -Upstairs deck fully remodeled (2025) -On-site community laundry The offering includes: 3704 East 2nd St & 127–129 Grand Ave., Long Beach, CA 90803 (3 units); 3637 Ocean Blvd., Long Beach, CA 90803 (8 units); 108–110 Redondo Ave., Long Beach, CA 90803 (7 units)
Data Room Click Here to Access
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 | $1,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $583,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 3.42% | Building Size | 3,231 SF |
| Gross Rent Multiplier | 19.23 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Parking Ratio | 1.86/1,000 SF |
| Zoning | LBR4R - High Rise Residential | ||
| Price | $1,750,000 |
| Price Per Unit | $583,333 |
| Sale Type | Investment |
| Cap Rate | 3.42% |
| Gross Rent Multiplier | 19.23 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,231 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | LBR4R - High Rise Residential |
Amenities
Unit Amenities
- Heating
- Oven
- Range
- Tub/Shower
- Deck
- Porch
Site Amenities
- 24 Hour Access
- Controlled Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $3,175 | - |
| 2+1 | 2 | $2,200 | - |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 7256-005-022 | Improvements Assessment | $418,680 |
| Land Assessment | $738,852 | Total Assessment | $1,157,532 |
Property Taxes
Parcel Number
7256-005-022
Land Assessment
$738,852
Improvements Assessment
$418,680
Total Assessment
$1,157,532
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Presented by
Flynn Investments Inc
127-129 Grand Avenue | 3704 E 2nd St
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