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4401 E Division St 5 Unit Apartment Building $1,950,000 ($390,000/Unit) 3.75% Cap Rate Long Beach, CA 90803



Investment Highlights
- Belmont Shore is between the 2nd St Promenade and the ocean. Easy walking distance to both. Units don't turn overmuch in our building. Great tenants!
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $390,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 3.75% | Building Size | 2,628 SF |
| Gross Rent Multiplier | 16.8 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 1.14/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R2 - Residential | ||
| Price | $1,950,000 |
| Price Per Unit | $390,000 |
| Sale Type | Investment |
| Cap Rate | 3.75% |
| Gross Rent Multiplier | 16.8 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,628 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | R2 - Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $2,875 | - |
| 1+1 | 2 | $4,050 | - |
| 2+1 | 1 | $2,750 | - |
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 7256-025-012 | Total Assessment | $1,480,451 |
| Land Assessment | $964,640 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $515,811 | Tax Year | 2025 |
Property Taxes
Parcel Number
7256-025-012
Land Assessment
$964,640
Improvements Assessment
$515,811
Total Assessment
$1,480,451
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
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Presented by
First Manhattan Realtors
4401 E Division St
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