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3787 E 11th St
Long Beach, CA 90804
Grand Terrace Apartment Homes · Multifamily Property For Sale
·
156 Units
Investment Highlights
- Over 38 year Partnership owner of this A class multifamily property - Gross income for 2022 is $3.8 million
- The Trust is selling their 5.8969% LP Interest in the 1994 11th Street Partners LP which owns the Grand Terrace Apartments
- call for offers
- Excellent historical property and partnership management, nearly 99+ percent occupancy and growing NOI
- Annual distributions
Property Facts
| No. Units | 156 | Building Size | 119,233 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1985 |
| Building Class | B | Parking Ratio | 1.3/1,000 SF |
| Lot Size | 2.81 AC | ||
| Zoning | LBR4N - restricted Density Multiple Dwelling | ||
| No. Units | 156 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 2.81 AC |
| Building Size | 119,233 SF |
| Average Occupancy | 96% |
| No. Stories | 4 |
| Year Built | 1985 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | LBR4N - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Oven
- Range
- Tub/Shower
- Views
- Dining Room
- Freezer
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Spa
- Gated
- Car Wash Area
- Gas Range
- Media Center/Movie Theatre
- Recycling
- Walking/Biking Trails
- Storage Space
- Online Services
- Sundeck
- Walk-Up
- Smoke Detector
- On-Site Security Staff
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 42 | - | 455 |
| 1+1 | 28 | - | 660 - 665 |
| 2+2 | 86 | - | 945 - 952 |
Property Taxes
| Parcel Number | 7254-002-021 | Improvements Assessment | $14,810,401 |
| Land Assessment | $3,325,775 | Total Assessment | $18,136,176 |
Property Taxes
Parcel Number
7254-002-021
Land Assessment
$3,325,775
Improvements Assessment
$14,810,401
Total Assessment
$18,136,176
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