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20th LB 1616 W 20th St 3 Unit Apartment Building $1,231,369 CAD ($410,456 CAD/Unit) 4.30% Cap Rate Long Beach, CA 90810
Executive Summary
Great Investment Property! This property brings endless opportunity! Delivered RTI with plans to convert garages to ADU's. Property located in a nice and easy-going area of Long Beach that is walking distance to schools, restaurants, shopping's, less than 5 miles away from Long Beach Aquarium, The Pike, Queen Mary... Must see to Appreciate!
Property Facts
| Price | $1,231,369 CAD | Building Class | C |
| Price Per Unit | $410,456 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 2,376 SF |
| Cap Rate | 4.30% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LBR2N - Long Beach Planned Residential | ||
| Price | $1,231,369 CAD |
| Price Per Unit | $410,456 CAD |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,376 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | LBR2N - Long Beach Planned Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 600 |
| 2+1 | 1 | - | 700 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7431-019-008 | Improvements Assessment | $270,443 CAD |
| Land Assessment | $614,647 CAD | Total Assessment | $885,091 CAD |
Property Taxes
Parcel Number
7431-019-008
Land Assessment
$614,647 CAD
Improvements Assessment
$270,443 CAD
Total Assessment
$885,091 CAD
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20th LB | 1616 W 20th St
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