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4675 N Bellflower Blvd
Long Beach, CA 90808
Reduced $100K - 5.26% Cap on Current Rents · Multifamily Property For Sale
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8 Units
Investment Highlights
- Turn-Key Building With a 5.26% Current Cap Rate & 12.80 GRM
- Great In-Place Cash Flow – Over 9.0% Cash on Cash Return Based on Financing Quotes
- (5) Covered and (3) Uncovered Parking Spaces (1 Per Unit)
- Substantial Improvements to Major Building Systems & Unit Interiors - should provide low maintenance investment moving forward
- Superior Unit Mix: Three (2 Bed / 2 Bath), One ( 2 Bed / 1 Bath) & Four (1 Bed / 1 Bath)
Property Facts
| No. Units | 8 | Building Size | 6,312 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1961/2019 |
| Building Class | C | Parking Ratio | 1.27/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | LBR4R | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,312 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2019 |
| Parking Ratio | 1.27/1,000 SF |
| Zoning | LBR4R |
Amenities
Unit Amenities
- Microwave
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Refrigerator
- Double Pane Windows
Site Amenities
- Laundry Facilities
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $2,300 | 960 |
| 2+1 | 1 | $1,850 | 960 |
| 1+1 | 4 | $1,850 | 600 |
Property Taxes
| Parcel Number | 7180-017-021 | Improvements Assessment | $920,066 |
| Land Assessment | $1,840,134 | Total Assessment | $2,760,200 |
Property Taxes
Parcel Number
7180-017-021
Land Assessment
$1,840,134
Improvements Assessment
$920,066
Total Assessment
$2,760,200
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