This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
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
