740 E Carson St | Long Beach, CA 90807
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- LoopNet Team
740 E Carson St
Long Beach, CA 90807
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Large Units Averaging 966 sqft. on a XL 11,765 sqft Lot
- Top Notch Location Just off the Atlantic Thoroughfare
- Potential to Add 2 ADU Units
- 56% Upside in NOI- Market 7.32% Cap Rate & 9.70 GRM
- Well Maintained Asset with 2/9 Units Having Recent Capital Expenditure
Property Facts
| No. Units | 9 | Building Size | 12,768 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1947 |
| Building Class | C | Parking Ratio | 0.39/1,000 SF |
| Lot Size | 0.28 AC | ||
| Zoning | LBR3S | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 12,768 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 0.39/1,000 SF |
| Zoning | LBR3S |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 708 |
| 2+2 | 2 | - | 987 |
Property Taxes
| Parcel Number | 7138-016-001 | Improvements Assessment | $2,040,000 |
| Land Assessment | $816,000 | Total Assessment | $2,856,000 |
Property Taxes
Parcel Number
7138-016-001
Land Assessment
$816,000
Improvements Assessment
$2,040,000
Total Assessment
$2,856,000
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