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3921 E Livingston Dr
Long Beach, CA 90803
Multifamily Property For Sale
·
13 Units
Investment Highlights
- Prime Coastal Area
Executive Summary
An exceptional investment opportunity in one of Long Beach's most coveted coastal neighborhoods — just two blocks from the beach. This well-maintained 13-unit apartment building offers the perfect blend of lifestyle appeal and strong income performance, with all units leased at or closet to market rents. The property features a penthouse unit with two bedrooms, one bath, and deck ,complemented by twelve spacious one-bedroom, one-bath residences. Approximately 80% of units have been thoughtfully remodeled and upgraded, reflecting pride of ownership throughout. Every unit enjoys the convenience of two closets, a dedicated dining area while top-floor units feature cozy fireplaces —
Select front-facing units offer private balconies and ocean views, while several side units capture partial ocean vistas. Many units feature charming bay kitchen windows, flooding living spaces with natural light and coastal breezes. The building has an on site laundry facility with two washers and two dryers, plus an ample storage room.
Offered at just $457,000 per unit this property carries a current cap rate of 4.33% with a pro forma cap rate of 5.17% — reflecting meaningful upside as leases turn over and rents continue to rise in this high-demand coastal corridor. With its unbeatable Belmont Shore location, strong rental demand, and move-in ready condition, this is a rare opportunity to acquire a turnkey coastal asset with lasting appreciation potential.
Select front-facing units offer private balconies and ocean views, while several side units capture partial ocean vistas. Many units feature charming bay kitchen windows, flooding living spaces with natural light and coastal breezes. The building has an on site laundry facility with two washers and two dryers, plus an ample storage room.
Offered at just $457,000 per unit this property carries a current cap rate of 4.33% with a pro forma cap rate of 5.17% — reflecting meaningful upside as leases turn over and rents continue to rise in this high-demand coastal corridor. With its unbeatable Belmont Shore location, strong rental demand, and move-in ready condition, this is a rare opportunity to acquire a turnkey coastal asset with lasting appreciation potential.
Property Facts
| Price Per Unit | $457,692 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.33% | Lot Size | 0.21 AC |
| No. Units | 13 | Building Size | 9,040 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1923/2024 |
| Zoning | R4,R1, Long Beach - multiple Dwelling | ||
| Price Per Unit | $457,692 |
| Sale Type | Investment |
| Cap Rate | 4.33% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 9,040 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1923/2024 |
| Zoning | R4,R1, Long Beach - multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 670 |
| 2+1 | 1 | - | 1,000 |
Property Taxes
| Parcel Number | 7256-003-024 | Improvements Assessment | $1,706,742 |
| Land Assessment | $2,844,571 | Total Assessment | $4,551,313 |
Property Taxes
Parcel Number
7256-003-024
Land Assessment
$2,844,571
Improvements Assessment
$1,706,742
Total Assessment
$4,551,313
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