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OFF MARKET 801 Atlantic Ave 4 Unit Apartment Building $1,922,946 CAD ($480,736 CAD/Unit) 5.32% Cap Rate Long Beach, CA 90813
INVESTMENT HIGHLIGHTS
- 4 renovated units -- perfect turnkey investment
- Upgraded electrical system in 2023, including a full re-wire, new main service panel, and sub panels
- 12.47 GRM and a 5.3% cap rate with upside to 10.15 GRM and 7.0% pro forma cap rate!!
- Attractive unit mix of (2) 3-bedroom 1-bath units and (2) 2-bedroom 1-bath
- 2024 Silicone white roof
- See attached Offering Memorandum for actual rent roll
EXECUTIVE SUMMARY
4 renovated units located in downtown Long Beach, with gross scheduled rents over $110,000 per year! Attractively priced at 12.47 GRM and a 5.3% cap rate with upside to 10.15 GRM and 7.0% pro forma cap rate!! The current owners have invested over $150,000 into property improvements, making it perfect for a turnkey investor. The property has an attractive unit mix of (2) 3-bedroom 1-bath units and (2) 2-bedroom 1-bath. All 4 units have been meticulously renovated in 2023 including new flooring, cabinetry, Quartz countertops, light fixtures, wall heaters, water heater, sinks, appliances, blinds, and fresh paint. The property boasts a completely upgraded electrical system in 2023, including a full re-wire, new main service panel, and sub panels, as well as a 2024 Silicone white roof! The property is individually metered for gas and electricity. Reach out today!
FINANCIAL SUMMARY (ACTUAL - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$154,168
|
$46.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,625
|
$1.40
|
| Effective Gross Income |
$149,543
|
$45.15
|
| Taxes |
$24,038
|
$7.26
|
| Operating Expenses |
$23,239
|
$7.02
|
| Total Expenses |
$47,276
|
$14.27
|
| Net Operating Income |
$102,266
|
$30.88
|
FINANCIAL SUMMARY (ACTUAL - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $154,168 |
| Annual Per SF | $46.55 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,625 |
| Annual Per SF | $1.40 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $149,543 |
| Annual Per SF | $45.15 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,038 |
| Annual Per SF | $7.26 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $23,239 |
| Annual Per SF | $7.02 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,276 |
| Annual Per SF | $14.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $102,266 |
| Annual Per SF | $30.88 |
PROPERTY FACTS
| Price | $1,922,946 CAD | Property Subtype | Apartment |
| Price Per Unit | $480,736 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.32% | Lot Size | 0.07 AC |
| Sale Condition | 1031 Exchange | Building Size | 3,312 SF |
| Gross Rent Multiplier | 12.47 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1914/2023 |
| Zoning | MF - Multiple Dwelling | ||
| Price | $1,922,946 CAD |
| Price Per Unit | $480,736 CAD |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.47 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,312 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1914/2023 |
| Zoning | MF - Multiple Dwelling |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 2 | $3,700 CAD | 900 |
| 2+1 | 2 | $2,724 CAD | 750 |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 7274-016-016 | Total Assessment | $1,569,086 CAD (2025) |
| Land Assessment | $560,388 CAD (2025) | Annual Taxes | $24,038 CAD ($7.26 CAD/SF) |
| Improvements Assessment | $1,008,698 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
7274-016-016
Land Assessment
$560,388 CAD (2025)
Improvements Assessment
$1,008,698 CAD (2025)
Total Assessment
$1,569,086 CAD (2025)
Annual Taxes
$24,038 CAD ($7.26 CAD/SF)
Tax Year
2026
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OFF MARKET | 801 Atlantic Ave
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