3921 E Livingston Dr 13 Unit Apartment Building $6,853,572 CAD ($527,198 CAD/Unit) 5.20% Cap Rate Long Beach, CA 90803

An exceptional investment opportunity in one of Long Beach's most coveted coastal neighborhoods — just two blocks from the beach. This well-maintained 13-unit apartment building offers the perfect blend of lifestyle appeal and strong income performance, with all units leased at or closet to market rents. The property features a penthouse unit with two bedrooms, one bath, and deck ,complemented by twelve spacious one-bedroom, one-bath residences. Approximately 80% of units have been thoughtfully remodeled and upgraded, reflecting pride of ownership throughout. Every unit enjoys the convenience of two closets, a dedicated dining area while top-floor units feature cozy fireplaces —
Select front-facing units offer private balconies and ocean views, while several side units capture partial ocean vistas. Many units feature charming bay kitchen windows, flooding living spaces with natural light and coastal breezes. The building has an on site laundry facility with two washers and two dryers, plus an ample storage room.
Offered at just $380,769 per unit this property carries a current cap rate of 5.2% with a pro forma cap rate of 6.19% — reflecting meaningful upside as leases turn over and rents continue to rise in this high-demand coastal corridor. With its unbeatable Belmont Shore location, strong rental demand, and move-in ready condition, this is a rare opportunity to acquire a turnkey coastal asset with lasting appreciation potential.