920 N Washington Pl
Long Beach, CA 90813
Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 4,200 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1920 |
| Building Class | C | ||
| Zoning | R4R, Long Beach | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,200 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | R4R, Long Beach |
Amenities
Unit Amenities
- Balcony
About 920 N WASHINGTON PL , LONG BEACH, CA 90813
Marcus & Millichap is pleased to present 920 North Washington Place, a six-unit apartment building located Long Beach, California. The subject property is located just a block East of Alamitos Avenue and a block South of 10th Street. This investment presents a stable, low expense opportunity with a 5.41% Cap Rate and 8.78% total return on current income. The unit mix of this three-story building consists of (6) large, 700 square foot one bedroom and one bath units totaling 4,200 square feet. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is currently undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed later last year. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.
Property Taxes
| Parcel Number | 7274-022-006 | Improvements Assessment | $541,216 |
| Land Assessment | $997,535 | Total Assessment | $1,538,751 |
Property Taxes
