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45 E 69th Way 6 Unit Apartment Building $1,100,000 ($183,333/Unit) Long Beach, CA 90805
Executive Summary
Calling all investors! Don’t miss this value-add six-unit income property located in the City of Long Beach. Conveniently situated near schools, Compton College, shopping centers, and major freeways, this property offers strong fundamentals and excellent upside. No rent control, with current rents below market, providing a clear path to increased cash flow and an estimated potential nine cap rate. A solid opportunity for investors looking to grow their portfolio in a desirable rental market.
Property Facts
| Price | $1,100,000 | Building Class | C |
| Price Per Unit | $183,333 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,194 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1953 |
| Apartment Style | Low-Rise | Parking Ratio | 1.57/1,000 SF |
| Zoning | LBR1N | ||
| Price | $1,100,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,194 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | LBR1N |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7304-002-013 | Improvements Assessment | $204,744 |
| Land Assessment | $167,955 | Total Assessment | $372,699 |
Property Taxes
Parcel Number
7304-002-013
Land Assessment
$167,955
Improvements Assessment
$204,744
Total Assessment
$372,699
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45 E 69th Way
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