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925 E 19th St 6 Unit Apartment Building $1,349,000 ($224,833/Unit) 6.70% Cap Rate Long Beach, CA 90806
INVESTMENT HIGHLIGHTS
- Priced to sell at 9.8 GRM with upside to 8.9 GRM and a 7.7% CAP.
- EARN OVER A 11% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
- Excellent unit mix of all 2+1's with onsite parking.
EXECUTIVE SUMMARY
Priced to sell at 9.8 GRM with upside to 8.9 GRM and a 7.7% CAP.
6 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). All 2/1's. Electrical was updated in 2024. The property was updated in 2019 throughout and is professionally managed and well maintained.
Property has onsite laundry and 4 parking spaces which are rented to tenants.
Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more - David Guevara - (714) 474-1284. EARN OVER A 11% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
6 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). All 2/1's. Electrical was updated in 2024. The property was updated in 2019 throughout and is professionally managed and well maintained.
Property has onsite laundry and 4 parking spaces which are rented to tenants.
Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more - David Guevara - (714) 474-1284. EARN OVER A 11% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$138,000
|
$34.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$138,000
|
$34.43
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $138,000 |
| Annual Per SF | $34.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $138,000 |
| Annual Per SF | $34.43 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,349,000 | Apartment Style | Low-Rise |
| Price Per Unit | $224,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.70% | Building Size | 4,008 SF |
| Gross Rent Multiplier | 9.8 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | R2, City/Long Beach | ||
| Price | $1,349,000 |
| Price Per Unit | $224,833 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,008 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2019 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R2, City/Long Beach |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,895 | 641 |
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 7210-012-024 | Improvements Assessment | $700,410 |
| Land Assessment | $406,201 | Total Assessment | $1,106,611 |
PROPERTY TAXES
Parcel Number
7210-012-024
Land Assessment
$406,201
Improvements Assessment
$700,410
Total Assessment
$1,106,611
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925 E 19th St
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