Log In/Sign Up
Your email has been sent.
127-129 Grand Avenue 3704 E 2nd St 3 Unit Apartment Building $2,396,835 CAD ($798,945 CAD/Unit) 3.42% Cap Rate Long Beach, CA 90803
Investment Highlights
- Two (2) two-bedroom, one-bath units
- Three (3) on-site garages
- Upstairs deck fully remodeled (2025)
- One (1) three-bedroom, one-bath unit
- Fully occupied - Strong upside in rents
- On-site community laundry
Executive Summary
Rare Portfolio Offering – Portfolio or Individual Sales Considered. Once-in-a-generation opportunity to acquire well-located, income-producing property in Belmont Heights. 3704 E. 2nd Street features a strong operating history, long-term investment appeal, and desirable unit mixes. Ideal for an owner-user, or investment. -Fully occupied -Three (3) total residential units -Two (2) two-bedroom, one-bath units -One (1) three-bedroom, one-bath unit -Three (3) on-site garages with parking space in front -Upstairs deck fully remodeled (2025) -On-site community laundry The offering includes: 3704 East 2nd St & 127–129 Grand Ave., Long Beach, CA 90803 (3 units); 3637 Ocean Blvd., Long Beach, CA 90803 (8 units); 108–110 Redondo Ave., Long Beach, CA 90803 (7 units)
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $2,396,835 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $798,945 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 3.42% | Building Size | 3,231 SF |
| Gross Rent Multiplier | 19.23 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Parking Ratio | 1.86/1,000 SF |
| Zoning | LBR4R - High Rise Residential | ||
| Price | $2,396,835 CAD |
| Price Per Unit | $798,945 CAD |
| Sale Type | Investment |
| Cap Rate | 3.42% |
| Gross Rent Multiplier | 19.23 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,231 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | LBR4R - High Rise Residential |
Amenities
Unit Amenities
- Heating
- Oven
- Range
- Tub/Shower
- Deck
- Porch
Site Amenities
- 24 Hour Access
- Controlled Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $4,349 CAD | - |
| 2+1 | 2 | $3,013 CAD | - |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 7256-005-022 | Improvements Assessment | $569,895 CAD |
| Land Assessment | $1,005,703 CAD | Total Assessment | $1,575,598 CAD |
Property Taxes
Parcel Number
7256-005-022
Land Assessment
$1,005,703 CAD
Improvements Assessment
$569,895 CAD
Total Assessment
$1,575,598 CAD
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Flynn Investments Inc
127-129 Grand Avenue | 3704 E 2nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.