623 E Broadway | Long Beach, CA 90802
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- LoopNet Team
623 E Broadway
Long Beach, CA 90802
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- 12-Unit Building | 5,020 SF Total on a 3,308 SF Lot | $299/SF
- 12 Studio Units
- Attractive Cost Per Door: $125K/Unit
- High Cap Rate & Attractive Cost Per Door | $125K/Unit | 6.92% Current CAP | 8.50 Current GRM
- Great Market Returns: 11.74% Market CAP | 5.94 Market GRM
- Highly Walkable Location — Steps from the East Village Arts District, Alamitos Beach, Long Beach Convention Center, and Major Transit Lines
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.08 AC |
| Property Type | Multifamily | Building Size | 6,020 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | ||
| Zoning | PD30, Long Beach | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,020 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | PD30, Long Beach |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | 400 |
PROPERTY TAXES
| Parcel Number | 7281-014-017 | Improvements Assessment | $955,467 |
| Land Assessment | $240,367 | Total Assessment | $1,195,834 |
PROPERTY TAXES
Parcel Number
7281-014-017
Land Assessment
$240,367
Improvements Assessment
$955,467
Total Assessment
$1,195,834
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