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OFF MARKET 801 Atlantic Ave 4 Unit Apartment Building $1,939,211 CAD ($484,803 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 |
$155,472
|
$46.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,664
|
$1.41
|
| Effective Gross Income |
$150,807
|
$45.53
|
| Taxes |
$24,241
|
$7.32
|
| Operating Expenses |
$23,435
|
$7.08
|
| Total Expenses |
$47,676
|
$14.39
|
| Net Operating Income |
$103,131
|
$31.14
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $155,472 |
| Annual Per SF | $46.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,664 |
| Annual Per SF | $1.41 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $150,807 |
| Annual Per SF | $45.53 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,241 |
| Annual Per SF | $7.32 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $23,435 |
| Annual Per SF | $7.08 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,676 |
| Annual Per SF | $14.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $103,131 |
| Annual Per SF | $31.14 |
Property Facts
| Price | $1,939,211 CAD | Property Subtype | Apartment |
| Price Per Unit | $484,803 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 | $1,939,211 CAD |
| Price Per Unit | $484,803 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 | $3,731 CAD | 900 |
| 2+1 | 2 | $2,747 CAD | 750 |
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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 | $1,580,568 CAD (2025) |
| Land Assessment | $564,488 CAD (2025) | Annual Taxes | $24,241 CAD ($7.32 CAD/SF) |
| Improvements Assessment | $1,016,079 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
7274-016-016
Land Assessment
$564,488 CAD (2025)
Improvements Assessment
$1,016,079 CAD (2025)
Total Assessment
$1,580,568 CAD (2025)
Annual Taxes
$24,241 CAD ($7.32 CAD/SF)
Tax Year
2026
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OFF MARKET | 801 Atlantic Ave
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