Log In/Sign Up
Your email has been sent.
433 Nebraska Ave 11 Unit Apartment Building $3,375,000 ($306,818/Unit) 6.14% Cap Rate Long Beach, CA 90802
INVESTMENT HIGHLIGHTS
- All Units Meticulously Renovated with the Highest Market Standards
- New Roof Installed in 2024
- Adjacent to Highly Desirable Retro Row Neighborhood
- Washer/Dryer in All Units
- New Electrical Subpanels, Plugs & Switches in All Units
EXECUTIVE SUMMARY
Located just steps from Long Beach’s vibrant 4th Street/Retro Row corridor, 433 Nebraska Avenue is a beautifully renovated 11-unit apartment asset offering an exceptional investment opportunity in a prime rental market.
The property consists of (8) 1BD/1BA units, (2) 2BD/1BA units, and (1) 2BD/2BA unit. All units have been upgraded to top-tier market standards and feature bright, open floor plans, in-unit washer/dryers, and high-end finishes.
Residents enjoy shared upper and lower outdoor community lounge areas, along with seven garages and one surface parking space. Recent capital improvements include: new roof installed in 2024 as well as new electrical subpanels, plugs, and switches in all units.
This turnkey asset combines high-quality renovations, desirable amenities, and assumable financing—making it a compelling opportunity for investors seeking stable income in one of Long Beach’s most dynamic submarkets.
The property consists of (8) 1BD/1BA units, (2) 2BD/1BA units, and (1) 2BD/2BA unit. All units have been upgraded to top-tier market standards and feature bright, open floor plans, in-unit washer/dryers, and high-end finishes.
Residents enjoy shared upper and lower outdoor community lounge areas, along with seven garages and one surface parking space. Recent capital improvements include: new roof installed in 2024 as well as new electrical subpanels, plugs, and switches in all units.
This turnkey asset combines high-quality renovations, desirable amenities, and assumable financing—making it a compelling opportunity for investors seeking stable income in one of Long Beach’s most dynamic submarkets.
PROPERTY FACTS In Escrow
| Price | $3,375,000 | Apartment Style | Low-Rise |
| Price Per Unit | $306,818 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.14% | Building Size | 7,482 SF |
| Gross Rent Multiplier | 10.88 | No. Stories | 2 |
| No. Units | 11 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.07/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RR3T, Long Beach - restricted Density Multiple Dwelling | ||
| Price | $3,375,000 |
| Price Per Unit | $306,818 |
| Sale Type | Investment |
| Cap Rate | 6.14% |
| Gross Rent Multiplier | 10.88 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 7,482 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | RR3T, Long Beach - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Balcony
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | 932 |
| 2+1 | 2 | - | 875 |
| 1+1 | 8 | - | 600 |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 7266-015-009 | Improvements Assessment | $1,071,772 |
| Land Assessment | $1,990,434 | Total Assessment | $3,062,206 |
PROPERTY TAXES
Parcel Number
7266-015-009
Land Assessment
$1,990,434
Improvements Assessment
$1,071,772
Total Assessment
$3,062,206
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
433 Nebraska Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.