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3622 E 11th St 6 Unit Apartment Building $2,199,409 CAD ($366,568 CAD/Unit) 5.60% Cap Rate Long Beach, CA 90804
Investment Highlights
- Excellent Eastside location demonstrating consistent rental demand.
- Just North of Belmont Heights and only 1 block to the greenbelt.
- Only minutes from Cal State Long Beach, Traffic Circle, Wilson High, and Rec Park.
Executive Summary
Perfectly located mid-century 6 unit on a full sized lot with 3800 square feet of rentable space. Great unit mix with four 1 bed/1 bath units, one 2 bed/1 bath unit, and one 2 bed/1.5 bath unit including attractive outdoor private spaces. Well priced on actual income at 11.14X GRM. Ample parking including one enclosed garage and 4 surface spaces. Select units have in-unit laundry plus a community laundry room for additional income. 5 out of 6 units recently remodeled and all electrical subpanels recently replaced. Perfect 1031 exchange upleg property.
Financial Summary (Actual - 2025) 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 - 2025) 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 | $2,199,409 CAD | Property Subtype | Apartment |
| Price Per Unit | $366,568 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.60% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 11.14 | Building Size | 3,800 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Zoning | LBR4R | ||
| Price | $2,199,409 CAD |
| Price Per Unit | $366,568 CAD |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 11.14 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,800 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | LBR4R |
Amenities
Unit Amenities
- Microwave
- Ceiling Fans
- Tile Floors
- Hardwood Floors
- Oven
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $3,440 CAD | - |
| 2+1 | 1 | $3,027 CAD | - |
| 1+1 | 4 | $13,236 CAD | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7254-012-019 | Total Assessment | $1,289,747 CAD (2026) |
| Land Assessment | $900,227 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $389,520 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
7254-012-019
Land Assessment
$900,227 CAD (2026)
Improvements Assessment
$389,520 CAD (2026)
Total Assessment
$1,289,747 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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3622 E 11th St
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