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39%+ Upside 2516 E Anaheim St 11 Unit Apartment Building $2,791,840 CAD ($253,804 CAD/Unit) 6.80% Cap Rate Long Beach, CA 90804
INVESTMENT HIGHLIGHTS
- Attractive Garden-Style Apartment
- $181k PPU/$293 a Foot
- Over 8% Cash on Cash
- Estimated ± 39% Future Upside
- Majority Two Bedroom Floorplans/New Electrical Panels
- 6.8% CAP RATE/ 9.43 GRM
EXECUTIVE SUMMARY
We are pleased to present our newest listing at 2516 E Anaheim St, an 11-unit garden-style apartment community located in the heart of Long Beach’s rapidly evolving Zaferia District. Offered at $181,000 per unit ($293 per square foot), this investment provides a compelling 6.8% CAP rate, 9.43 GRM, and an over 8% cash-on-cash return. The property features a desirable unit mix, with the majority consisting of spacious two-bedroom floorplans, and presents investors with an estimated ±39% future rental upside. Recent upgrades, including new electrical panels, provide a solid foundation for future value-add improvements. Positioned along a high-traffic corridor near local shops, restaurants, and transit options, 2516 E Anaheim St offers strong in-place income with significant long-term growth potential—a rare opportunity to acquire a well-located asset in a supply-constrained coastal market.
FINANCIAL SUMMARY (ACTUAL - 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 (ACTUAL - 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 Under Contract
| Price | $2,791,840 CAD | Property Subtype | Apartment |
| Price Per Unit | $253,804 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 6.80% | Building Size | 5,916 SF |
| Gross Rent Multiplier | 9.43 | No. Stories | 1 |
| No. Units | 11 | Year Built | 1923 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | LBCCP - Commercial | ||
| Price | $2,791,840 CAD |
| Price Per Unit | $253,804 CAD |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Gross Rent Multiplier | 9.43 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 5,916 SF |
| No. Stories | 1 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
| Zoning | LBCCP - Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $3,176 CAD | 620 |
| 2+1 | 8 | $2,472 CAD | 620 |
| 1+1 | 1 | $2,440 CAD | 620 |
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 7260-029-024 | Total Assessment | $2,905,370 CAD (2025) |
| Land Assessment | $1,467,068 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,438,302 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
7260-029-024
Land Assessment
$1,467,068 CAD (2025)
Improvements Assessment
$1,438,302 CAD (2025)
Total Assessment
$2,905,370 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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39%+ Upside | 2516 E Anaheim St
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