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405-411 1/2 E Esther St
Long Beach, CA 90813
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Immediate Cash Flow: Fully occupied with a stable tenant base, delivering a 6.36% cap rate on actual operations from day one
- Value-Add Upside: Current rents below market, providing meaningful potential to increase NOI through gradual turnover and strategic interior upgrades
- Attractive Unit Mix: Larger floor plans, including 6-bedroom, 3-bedroom, and 2-bedroom units, support strong demand from families and shared household
Property Facts
| No. Units | 7 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 4,252 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 4/1,000 SF |
| Zoning | PD29, Long Beach - Planned Development | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,252 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 4/1,000 SF |
| Zoning | PD29, Long Beach - Planned Development |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 3 | - | - |
| 6+2 | 1 | - | - |
Property Taxes
| Parcel Number | 7269-020-023 | Improvements Assessment | $1,325,978 |
| Land Assessment | $649,458 | Total Assessment | $1,975,436 |
Property Taxes
Parcel Number
7269-020-023
Land Assessment
$649,458
Improvements Assessment
$1,325,978
Total Assessment
$1,975,436
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