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477 E South St
Long Beach, CA 90805
Multifamily Property For Sale
·
16 Units
Investment Highlights
- All 2-Bedroom/1-Bathroom Units
- 6.43% CAP Rate on Current Rents
- Central Community Courtyard
- 10.95 GRM on Current Rents
- Substantial Rental Upside
- Excellent Rental Area Just North of Bixby Knolls
Property Facts
| No. Units | 16 | Building Size | 9,840 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.22/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | LBCMR | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 9,840 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | LBCMR |
Amenities
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 576 - 627 |
Property Taxes
| Parcel Number | 7125-032-033 | Improvements Assessment | $3,060,000 |
| Land Assessment | $608,940 | Total Assessment | $3,668,940 |
Property Taxes
Parcel Number
7125-032-033
Land Assessment
$608,940
Improvements Assessment
$3,060,000
Total Assessment
$3,668,940
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