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350 Tile Ave
Long Beach, CA 90802
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- 4plex with bonus 5th unit for extra rental income
- 9 covered parking spaces
- Prime location just 3 blocks from the ocean
EXECUTIVE SUMMARY
Introducing one of the largest 4-unit properties in the highly sought-after Alamitos Beach neighborhood of Long Beach. Built in 1987, this spacious building offers over 5,477 sq. ft. of living space, in-unit laundry, and 9 ground-level parking spaces—a rare and valuable amenity in the area. The generous units currently generate strong rental income, and a non-conforming “bonus” 5th unit provides additional income potential. Perfect for an owner-occupant or investor seeking a well-maintained building just four blocks from the ocean, this property combines location, size, and income opportunity in one exceptional package.
PROPERTY FACTS
| Price Per Unit | $525,833 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.13% | Building Size | 5,477 SF |
| Gross Rent Multiplier | 12.65 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4, Long Beach - Multiple Dwelling | ||
| Price Per Unit | $525,833 CAD |
| Sale Type | Investment |
| Cap Rate | 5.13% |
| Gross Rent Multiplier | 12.65 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,477 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | R4, Long Beach - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Balcony
- Washer/Dryer Hookup
SITE AMENITIES
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $3,735 CAD | - |
| 2+1 | 1 | $3,503 CAD | - |
| 3+2 | 1 | $4,174 CAD | - |
| Studios | 1 | $2,167 CAD | - |
PROPERTY TAXES
| Parcel Number | 7275-007-015 | Improvements Assessment | $714,739 CAD |
| Land Assessment | $1,588,316 CAD | Total Assessment | $2,303,054 CAD |
PROPERTY TAXES
Parcel Number
7275-007-015
Land Assessment
$1,588,316 CAD
Improvements Assessment
$714,739 CAD
Total Assessment
$2,303,054 CAD
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