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Seller Financing Available 1513 E Broadway 5 Unit Apartment Building $1,940,849 CAD ($388,170 CAD/Unit) Long Beach, CA 90802
Investment Highlights
- Seller Financing Available!
- Desirable unit mix of (1) 2-bed 2-bath and (4) 1-bed 1-bath
- Convenient access to Downtown Long Beach and major employment centers
- 5 units in Long Beach’s desirable Alamitos Beach neighborhood
- Tenants enjoy walkable coastal living, steps from the ocean, Bixby Park, Retro Row, etc.
- (2) 1-bedroom 1-bath units can be delivered vacant
Executive Summary
Seller Financing Available! Steps to the Ocean! Rare opportunity to acquire a coastal 5-unit property in Long Beach’s highly desirable Alamitos Beach neighborhood. With seller financing available, investors may be able to acquire the property with approximately $400,000 down, offering attractive leverage in a strong rental market.
1513 E Broadway features a desirable unit mix of (1) 2-bedroom, 2-bath and (4) 1-bedroom, 1-bath units, with walkable coastal living just steps from the ocean. Tenants enjoy proximity to Bixby Park, Retro Row, Belmont Shore, and the vibrant Broadway corridor with popular dining, coffee shops, and boutiques. Convenient access to Downtown Long Beach and major employment centers further enhances long-term investment appeal.
Offered at 11.7 GRM and 5.1% Cap Rate, this is an attractive coastal investment opportunity.
1513 E Broadway features a desirable unit mix of (1) 2-bedroom, 2-bath and (4) 1-bedroom, 1-bath units, with walkable coastal living just steps from the ocean. Tenants enjoy proximity to Bixby Park, Retro Row, Belmont Shore, and the vibrant Broadway corridor with popular dining, coffee shops, and boutiques. Convenient access to Downtown Long Beach and major employment centers further enhances long-term investment appeal.
Offered at 11.7 GRM and 5.1% Cap Rate, this is an attractive coastal investment opportunity.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,940,849 CAD | Building Class | C |
| Price Per Unit | $388,170 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 2,660 SF |
| No. Units | 5 | Average Occupancy | 60% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1914 |
| Apartment Style | Low-Rise |
| Price | $1,940,849 CAD |
| Price Per Unit | $388,170 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,660 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built | 1914 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $3,548 CAD | 1 |
| 1+1 | 4 | $2,636 CAD | 1 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 7275-012-040 | Total Assessment | $1,811,340 CAD (2025) |
| Land Assessment | $1,177,371 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $633,969 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
7275-012-040
Land Assessment
$1,177,371 CAD (2025)
Improvements Assessment
$633,969 CAD (2025)
Total Assessment
$1,811,340 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Seller Financing Available | 1513 E Broadway
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