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OFF MARKET 801 Atlantic Ave 4 Unit Apartment Building $1,946,836 CAD ($486,709 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 |
$156,083
|
$47.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,683
|
$1.41
|
| Effective Gross Income |
$151,401
|
$45.71
|
| Taxes |
$24,336
|
$7.35
|
| Operating Expenses |
$23,527
|
$7.10
|
| Total Expenses |
$47,864
|
$14.45
|
| Net Operating Income |
$103,537
|
$31.26
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $156,083 |
| Annual Per SF | $47.13 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,683 |
| Annual Per SF | $1.41 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $151,401 |
| Annual Per SF | $45.71 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,336 |
| Annual Per SF | $7.35 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $23,527 |
| Annual Per SF | $7.10 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,864 |
| Annual Per SF | $14.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $103,537 |
| Annual Per SF | $31.26 |
Property Facts
| Price | $1,946,836 CAD | Property Subtype | Apartment |
| Price Per Unit | $486,709 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 | $1,946,836 CAD |
| Price Per Unit | $486,709 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 | $3,746 CAD | 900 |
| 2+1 | 2 | $2,758 CAD | 750 |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7274-016-016 | Total Assessment | $1,618,564 CAD (2025) |
| Land Assessment | $578,058 CAD (2025) | Annual Taxes | $24,336 CAD ($7.35 CAD/SF) |
| Improvements Assessment | $1,040,505 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
7274-016-016
Land Assessment
$578,058 CAD (2025)
Improvements Assessment
$1,040,505 CAD (2025)
Total Assessment
$1,618,564 CAD (2025)
Annual Taxes
$24,336 CAD ($7.35 CAD/SF)
Tax Year
2026
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OFF MARKET | 801 Atlantic Ave
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