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3622 E 11th St 6 Unit Apartment Building $1,595,000 ($265,833/Unit) 5.60% Cap Rate Long Beach, CA 90804
Investment Highlights
- Excellent Eastside location demonstrating consistent rental demand.
- Just North of Belmont Heights and only 1 block to the greenbelt.
- Only minutes from Cal State Long Beach, Traffic Circle, Wilson High, and Rec Park.
Executive Summary
Perfectly located mid-century 6 unit on a full sized lot with 3800 square feet of rentable space. Great unit mix with four 1 bed/1 bath units, one 2 bed/1 bath unit, and one 2 bed/1.5 bath unit including attractive outdoor private spaces. Well priced on actual income at 11.14X GRM. Ample parking including one enclosed garage and 4 surface spaces. Select units have in-unit laundry plus a community laundry room for additional income. 5 out of 6 units recently remodeled and all electrical subpanels recently replaced. Perfect 1031 exchange upleg property.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,595,000 | Property Subtype | Apartment |
| Price Per Unit | $265,833 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.60% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 11.14 | Building Size | 3,800 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Zoning | LBR4R | ||
| Price | $1,595,000 |
| Price Per Unit | $265,833 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 11.14 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,800 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | LBR4R |
Amenities
Unit Amenities
- Microwave
- Ceiling Fans
- Tile Floors
- Hardwood Floors
- Oven
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,495 | - |
| 2+1 | 1 | $2,195 | - |
| 1+1 | 4 | $9,599 | - |
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7254-012-019 | Total Assessment | $931,521 (2026) |
| Land Assessment | $650,190 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $281,331 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
7254-012-019
Land Assessment
$650,190 (2026)
Improvements Assessment
$281,331 (2026)
Total Assessment
$931,521 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
3622 E 11th St