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440 N Zona Ct - 440 N Zona Ct 4 Unit Apartment Building Offered at $1,360,320 CAD at a 4.58% Cap Rate Long Beach, CA 90802
EXECUTIVE SUMMARY
Perfect starter 4 unit property on a quiet street only blocks from the Beach and Downtown. Front one bed, one bath bungalow plus three studios in the rear. Front house full of historic character with hardwood floors, craftsman built-ins, large windows, renovated bathroom, kitchen, dining room, service porch and interior paint. Three well laid out studios in the rear with separate entrances, full sized bathrooms and kitchens. Well priced on actual income at 12.8X GRM plus a 9% upside to 11.8X GRM and over a 5% cap rate. Upgrades from 2020 on include newer electrical panels, new roof on front house, refreshed roof on back structure, full exterior paint, remodeled front house and one studio. Separately metered for gas and electric. Excellent location in Alamitos Beach just outside of Downtown Long Beach's East Village Arts District. Located on a small, quiet side street full of historic properties (not an alley like many "court" streets). Only 4 blocks to the beach, less than a block into the Downtown, and a few blocks to Retro Row. Walk Score 94/100
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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 | $1,360,320 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $340,080 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 1,846 SF |
| Cap Rate | 4.58% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.8 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1940 |
| Property Type | Multifamily | ||
| Zoning | LBCO | ||
| Price | $1,360,320 CAD |
| Price Per Unit | $340,080 CAD |
| Sale Type | Investment |
| Cap Rate | 4.58% |
| Gross Rent Multiplier | 12.8 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.06 AC |
| Building Size | 1,846 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Zoning | LBCO |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $2,504 CAD | - |
| 3+1 | 1 | $2,103 CAD | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 7266-008-007 | Total Assessment | $1,104,467 CAD (2025) |
| Land Assessment | $720,974 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $383,493 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7266-008-007
Land Assessment
$720,974 CAD (2025)
Improvements Assessment
$383,493 CAD (2025)
Total Assessment
$1,104,467 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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440 N Zona Ct - 440 N Zona Ct
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