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5401 E Anaheim Rd
Long Beach, CA 90815
Multifamily Property For Sale
·
22 Units
PROPERTY FACTS
| No. Units | 22 | Lot Size | 0.38 AC |
| Property Type | Multifamily | Building Size | 21,724 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1987/2019 |
| Building Class | C | Parking Ratio | 2.02/1,000 SF |
| Zoning | LBR4R | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 21,724 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2019 |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | LBR4R |
ABOUT 5401 E ANAHEIM RD , LONG BEACH, CA 90815
A Generational Investment Opportunity in Prestigious Park Estates 5401 E. Anaheim Road is a 22-unit apartment complex located in Park Estates, one of Long Beach's most prestigious neighborhoods. A quiet, upscale residential area made up of primarily custom-built single family homes on tree-lined streets, the median home price in this suburban enclave is over $1.2 million. This asset is one of the largest apartment buildings in Park Estates. Highly Desirable Rental Neighborhood According to Niche.com, Park Estates ranks as the Number One Best Neighborhood to Raise a Family and the Number Two Best Neighborhoods in Long Beach. Close Proximity to California State University, Long Beach (CSULB) With an enrolled population of 37,448 students and an employed faculty of 2,171 instructional employees, nearby CSULB is a consistent source of renters looking to escape from the density of College Estates and Bixby Hill. Extremely Low Vacancy Rates According to REIS, East Long Beach, maintains a vacancy rate of 3.0%, compared to 4.7% in North Long Beach and 5.4% in West Long Beach. 5401 E. Anaheim Road provides a rare opportunity for investors seeking to own in Park Estates. With 22 two-bedroom/two-bath units and 44 subterranean parking spaces in a superlative location, this apartment community is a sold investment asset with outstanding market fundamentals.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 22 | $2,384 | 987 |
PROPERTY TAXES
| Parcel Number | 7240-018-001 | Improvements Assessment | $2,814,322 |
| Land Assessment | $7,577,025 | Total Assessment | $10,391,347 |
PROPERTY TAXES
