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242 E Del Amo Blvd 3 Unit Apartment Building Offered at $1,196,169 CAD at a 4.40% Cap Rate Long Beach, CA 90805
Investment Highlights
- Fully Vacant Triplex
- 2 water meters (1 per building)
- Separate 2 bed, single family home with attached garage, in unit laundry hook ups, and a front and back yard
- Individually metered for gas and electricity
- Great owner occupancy opportunity
- Separate duplex with a studio on the ground floor and a 1 bed unit on the 2nd floor
Executive Summary
Rare opportunity to acquire a move-in ready triplex offering exceptional flexibility for owner-occupants and investors alike. This property features a separate 2-bedroom, 1-bath single-family home along with a duplex consisting of a studio unit on the ground level and a 1-bedroom unit on the second floor. All units are well maintained and in rent ready condition. The detached 2-bedroom home includes in unit laundry hook up and an attached single-car garage, while the property also offers two additional uncovered parking spaces for added convenience. Individually metered for gas and electricity. One water meter per building. The new owner has full control over tenant selection, rental strategy, or personal use from day one. Immediate possession is available. The versatile unit mix appeals to a wide range of tenants and supports long-term rental demand. This property is ideal for a house-hacker looking to offset their mortgage or an investor seeking strong income potential. See private remarks for current tenancy status.
Property Facts
| Price | $1,196,169 CAD | No. Units | 3 |
| Price Per Unit | $398,723 CAD | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 1,504 SF |
| Cap Rate | 4.40% | Average Occupancy | 0% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Gross Rent Multiplier | 12.9 | Year Built | 1950 |
| Price | $1,196,169 CAD |
| Price Per Unit | $398,723 CAD |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.9 |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 1,504 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1950 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,144 CAD | - |
| 1+1 | 1 | $2,461 CAD | - |
| Studios | 1 | $2,051 CAD | - |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 7133-002-026 | Improvements Assessment | $448,520 CAD |
| Land Assessment | $343,862 CAD | Total Assessment | $792,382 CAD |
Property Taxes
Parcel Number
7133-002-026
Land Assessment
$343,862 CAD
Improvements Assessment
$448,520 CAD
Total Assessment
$792,382 CAD
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242 E Del Amo Blvd
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