822 E 20th St
Long Beach, CA 90806
6.14% Market Cap Rate · Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 5,058 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1926/2016 |
| Building Class | C | Parking Ratio | 0.4/1,000 SF |
| Zoning | R1N | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,058 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1926/2016 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | R1N |
Amenities
Site Amenities
- Courtyard
About 822 E 20TH ST , LONG BEACH, CA 90806
• 8 Unit Spanish Style Apartment complex located in the Long Beach Poly High District • Two Buildings (8 Total Units): o 1) 822-828 E 20th Street (4 total units) Built in 1926 o 2) 830-832 E 20th Street & 1989-1991 Myrtle Ave (4 total units) Built in 1929 • Built in 1926/1929, Remodeled 2016-18 • Unit Mix: (3) 2 Bed / 1 Bath, (4) 1 Bed / 1 Bath & (1) Studio Units o (1) 2 Bed / 1 Bath may be legal 1 Bed / 1 Bath + Den (Buyer to Verify) • Significant Interior & Exterior Remodel Over the Past 3 Years o Interior Remodels (4) Units: Upgraded Faux Wood Plank Flooring, granite counters, new cabinets, stainless steel appliances, modern luxury tiling in bathrooms w/ updated vanities & fixtures throughout o Exterior Improvements: New exterior paint, new roof with warranty, concrete patios sealed, new vinyl wood plank fencing throughout the property for privacy & new metal hand-railing/remote access gate • Rents Still Roughly 17% Below Market – 6.14% Cap Rate at Achievable Market Rents
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 452 |
| 1+1 | 5 | - | 575 - 620 |
| 2+1 | 3 | - | 650 - 829 |
Property Taxes
| Parcel Number | 7210-011-002 | Improvements Assessment | $1,197,563 |
| Land Assessment | $568,913 | Total Assessment | $1,766,476 |
Property Taxes
