Log In/Sign Up
870 W 19th St
Long Beach, CA 90806
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Attractive Pricing | 11.17 GRM at a 5.70% CAP Rate and $318 Per SF
- Great Unit Mix of: (4) - 1 Bed/1 Bath Units and (3) - 2 Bed/1 Bath Units
- Spacious Corner Lot Featuring 5 Surface Parking Spaces in Front of 3 Garages used for Storage | Potential for Future ADU Conversion
- Capital Improvements Include New Windows, Exterior Paint, Upgraded Balcony, Water Heater, and a Roof Replacement in 2016
- Significant Value-Add Opportunity with Over 25% Rental Upside Potential
- No City Rent Control | Subject to AB-1482 | Permitting Annual Rent Increases of 5% + CPI
Property Facts
| No. Units | 7 | Building Size | 5,100 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1953 |
| Building Class | B | Parking Ratio | 1.57/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | LBR1N | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 5,100 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | LBR1N |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 - 700 |
| 2+1 | 3 | - | 700 - 800 |
Property Taxes
| Parcel Number | 7202-029-011 | Improvements Assessment | $206,370 |
| Land Assessment | $89,664 | Total Assessment | $296,034 |
Property Taxes
Parcel Number
7202-029-011
Land Assessment
$89,664
Improvements Assessment
$206,370
Total Assessment
$296,034
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
