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Plymouth Street Apartments 46 E Plymouth St 8 Unit Apartment Building $3,394,215 CAD ($424,277 CAD/Unit) 5.50% Cap Rate Long Beach, CA 90805
INVESTMENT HIGHLIGHTS
- Attractive Unit Mix: 100% Two-Bedroom Units / Recent Capital Improvements: New Windows, Garage Doors, & Electrical Sub-Panels
- Convenient Location: Close To Schools, Retail, Freeways, Employment Centers, & Entertainment
- Strong Returns: 7.0% CAP Rate & 6.6% Cash-On-Cash Return At Market Rents
- Close to Desirable Bixby Knolls Area & Virginia Country Club / Ample On-Site Parking: Six (6) Enclosed Garages With Additional Driveway Parking
- Large On-Site Laundry Facility
- ADU Development Potential
EXECUTIVE SUMMARY
The Plymouth Street Apartments is an 8-unit apartment community located in the City of Long Beach, one of the premier rental markets in Los Angeles County, California.
Built in 1964, the property features an attractive and consistent unit mix comprised entirely of two-bedroom/ one-bathroom units, totaling approximately 6,808 square feet on a 7,424 square foot lot. Recent capital improvements include new garage doors, new electrical sub-panels, and new vinyl windows.
Additional amenities include a spacious community laundry room, six (6) single-car garages with front driveway parking, and one (1) additional surface parking space.
This offering presents a rare opportunity for investors to acquire a stable asset generating a 5.5% CAP Rate on current income, with upside potential to a 7.0% CAP Rate at market rents. Located in the highly desirable Long Beach rental market, the Plymouth Street Apartments is well positioned to deliver strong cash flow and long-term value appreciation.
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Built in 1964, the property features an attractive and consistent unit mix comprised entirely of two-bedroom/ one-bathroom units, totaling approximately 6,808 square feet on a 7,424 square foot lot. Recent capital improvements include new garage doors, new electrical sub-panels, and new vinyl windows.
Additional amenities include a spacious community laundry room, six (6) single-car garages with front driveway parking, and one (1) additional surface parking space.
This offering presents a rare opportunity for investors to acquire a stable asset generating a 5.5% CAP Rate on current income, with upside potential to a 7.0% CAP Rate at market rents. Located in the highly desirable Long Beach rental market, the Plymouth Street Apartments is well positioned to deliver strong cash flow and long-term value appreciation.
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FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$262,190
|
$38.51
|
| Other Income |
$2,057
|
$0.30
|
| Vacancy Loss |
$7,928
|
$1.16
|
| Effective Gross Income |
$256,319
|
$37.65
|
| Taxes |
$45,594
|
$6.70
|
| Operating Expenses |
$23,888
|
$3.51
|
| Total Expenses |
$69,482
|
$10.21
|
| Net Operating Income |
$186,837
|
$27.44
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $262,190 |
| Annual Per SF | $38.51 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,057 |
| Annual Per SF | $0.30 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,928 |
| Annual Per SF | $1.16 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $256,319 |
| Annual Per SF | $37.65 |
| Taxes (CAD) | |
|---|---|
| Annual | $45,594 |
| Annual Per SF | $6.70 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $23,888 |
| Annual Per SF | $3.51 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $69,482 |
| Annual Per SF | $10.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $186,837 |
| Annual Per SF | $27.44 |
PROPERTY FACTS
| Price | $3,394,215 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $424,277 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.50% | Building Size | 6,808 SF |
| Gross Rent Multiplier | 12.84 | Average Occupancy | 87% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.76/1,000 SF |
| Price | $3,394,215 CAD |
| Price Per Unit | $424,277 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 12.84 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,808 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2020 |
| Parking Ratio | 1.76/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $2,807 CAD | 851 |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 7131-008-008 | Total Assessment | $3,284,687 CAD |
| Land Assessment | $594,703 CAD | Annual Taxes | $45,594 CAD ($6.70 CAD/SF) |
| Improvements Assessment | $2,689,984 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
7131-008-008
Land Assessment
$594,703 CAD
Improvements Assessment
$2,689,984 CAD
Total Assessment
$3,284,687 CAD
Annual Taxes
$45,594 CAD ($6.70 CAD/SF)
Tax Year
2025
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Plymouth Street Apartments | 46 E Plymouth St
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