5401 E Anaheim Rd
Long Beach, CA 90815
Trophy Investment - Seller may finance! · Multifamily Property For Sale
·
22 Units
Investment Highlights
- Legacy Asset, a building you’ll keep forever
- Rare opportunity in high-end Park Estates, with little-to-no competing product
- All 2 Bed/2 Bath unit mix and massive secured, subterranean parking structure
- Impeccable $800K+/- renovation recently
- Captive audience of “market renters” each Fall - 40K students and staff near 2 blocks away at CSULB
- Stable, proactive collection strategy charted to ride out COVID 19 uncertainty
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
Marcus & Millichap is pleased to present the ultimate beacon of capital preservation and steady growth in a rock solid, "A"-quality sub market of Long Beach, Park Estates - a lush, residential enclave made up of luxury, $1MM+ homes and a short walk to dining and retail along Pacific Coast Highway, golf at Recreation Park and 2 blocks from Cal State Long Beach (over 40,000 students and staff). Park Estates has few competing apartment properties, if any - increasing the desirability of the rental product, for prospective tenants, and the desirability of this "core" investment opportunity, for an investor. The property has recently undergone an extensive $800,000+/- renovation. In addition to the impeccable, interior fit-and-finish, the common areas have been upgraded, also. The tenants have ample elbow room in this 21,724 sq. ft. property; and, the building sits on a handsome, corner, tree-lined lot, measuring over 16,500 sq. ft. The unit mix of ALL 2 Bed/2 Bath units is ideal for professionals, families or students and staff, nearby. Units have a patio or balcony, upstairs units have vaulted ceilings, - other amenities include 2 laundry rooms, a secured entry and a large, subterranean parking structure striped for 44 cars. A much-needed, low-risk, core investment option for any real estate OR stock investor, in this turbulent market. Capital Preservation. Capital Appreciation. Cash Flow. Write-offs.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 22 | $2,320 | - |
Property Taxes
| Parcel Number | 7240-018-001 | Improvements Assessment | $2,814,322 |
| Land Assessment | $7,577,025 | Total Assessment | $10,391,347 |
Property Taxes
