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5220 Pacific 5220 Pacific Ave 4 Unit Apartment Building $1,195,000 ($298,750/Unit) 4.52% Cap Rate Long Beach, CA 90805
Investment Highlights
- Easy access to the 710 freeway being just blocks away
- Walkable immediate neighborhood, just blocks from The Pan, CVS, and McDonald’s, and other retail
- Less than a mile from Bixby Knolls dining and shopping
Executive Summary
- Great 4-plex in North Long Beach tucked on a tree lined street with 3,609 rentable square feet on a 7,534 square foot lot
- Excellent unit mix with a front stand-alone 2 bed/1 bath house featuring new vinyl flooring along with laundry hookups in the kitchen plus two back town house style units (2 bed/1.5 bath and 2 bed/2 bath) and a 4th apartment (2 bed/1 bath)
-The roof was replaced in 2025
-Recent electrical upgrades to the main disconnect and service entrance
- Strong in-place income with an 11.9GRM and a 4.5% cap rate with a 19.4% upside to rents and a market cap rate of 5.9%
- 4 separate garages for off-site parking, additional income, or ADU potential
- Excellent unit mix with a front stand-alone 2 bed/1 bath house featuring new vinyl flooring along with laundry hookups in the kitchen plus two back town house style units (2 bed/1.5 bath and 2 bed/2 bath) and a 4th apartment (2 bed/1 bath)
-The roof was replaced in 2025
-Recent electrical upgrades to the main disconnect and service entrance
- Strong in-place income with an 11.9GRM and a 4.5% cap rate with a 19.4% upside to rents and a market cap rate of 5.9%
- 4 separate garages for off-site parking, additional income, or ADU potential
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 | $1,195,000 | Building Class | C |
| Price Per Unit | $298,750 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,609 SF |
| Cap Rate | 4.52% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.89 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LBR3S - Low-density Multi-family Residential, small lot | ||
| Price | $1,195,000 |
| Price Per Unit | $298,750 |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| Gross Rent Multiplier | 11.89 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,609 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LBR3S - Low-density Multi-family Residential, small lot |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $2,083 | - |
| 2+1.5 | 1 | $2,390 | - |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 7132-014-019 | Total Assessment | $379,205 |
| Land Assessment | $104,908 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $274,297 | Tax Year | 2025 |
Property Taxes
Parcel Number
7132-014-019
Land Assessment
$104,908
Improvements Assessment
$274,297
Total Assessment
$379,205
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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5220 Pacific | 5220 Pacific Ave
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