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5560 Ackerfield Ave
Long Beach, CA 90805
Ackerfield Apartments · Multifamily Property For Sale
·
56 Units
Property Facts
| No. Units | 56 | Lot Size | 1.93 AC |
| Property Type | Multifamily | Building Size | 49,093 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | C | ||
| Zoning | LBR4R | ||
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.93 AC |
| Building Size | 49,093 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | LBR4R |
About 5560 ACKERFIELD AVE , LONG BEACH, CA 90805
Triqor Group is pleased to present the Ackerfield Apartments, a 55+1 unit apartment building in Long Beach, CA. Ackerfield Apartments offers an attractive unit mix including (1) studio, (17) 1-bedrooms, (31) 2-bedrooms, and (7) three-bedroom units. Each unit is very spacious ranging approximately 715-1122 square feet. Every unit is individually metered with individual water heaters. Starting in mid-2019, the current owner implemented a renovation plan that included fresh exterior paint, new windows to the front buildings, re-paved driveways and parking lots, and new landscape. Also, ownership transitioned over 60% of the units to affordable housing on section 8 vouchers. This gives an investor an opportunity to take over a turn-key asset with stabilized rents which in turn has a very attractive 5%+ cap rate and a 7% cash on cash return. Community amenities included gated carport parking, pool, laundry facility and newly renovated leasing office.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,250 | 500 |
| 1+1 | 17 | $1,494 | 715 |
| 2+2 | 31 | $1,889 | 905 |
| 3+2 | 7 | $2,397 | 1,046 |
Property Taxes
| Parcel Number | 7157-012-034 | Improvements Assessment | $13,178,611 |
| Land Assessment | $4,329,728 | Total Assessment | $17,508,339 |
Property Taxes
