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817 E New York St - 817-823 New York Street, Long Beach 4 Unit Apartment Building Offered at $1,721,638 CAD at a 5.14% Cap Rate Long Beach, CA 90813
INVESTMENT HIGHLIGHTS
- (3) Buildings:| Lot Size: 6,802 SF | RSF: 3,076 SF
- Great Owner-User Opportunity: (2) 2-Bed/1-Bath Units (819 & 821) are Currently Vacant & Newly Renovated
- Low Cost Per Unit: $312K/Unit
- Unit Mix: (1) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, (1) 2-Bed/1-Bath House
- Strong In-Place Income – 5.14% CAP | 12.90 GRM
- Prime North Long Beach Location Near 91 & 710 Freeways
EXECUTIVE SUMMARY
817-823 E New York St presents a rare opportunity to acquire a 4-unit multifamily property in prime North Long Beach. Built in 1922, the asset consists of three separate buildings totaling 3,076 rentable square feet on a 6,802 square foot lot.
The unit mix includes (1) 1-bed/1-bath and (3) 2-bed/1-bath units, offering strong rental appeal. Two of the 2-bed/1-bath units (819 & 821) are currently vacant and have been newly renovated—providing an excellent owner-user opportunity or the ability to immediately capture market rents.
At just $312,000 per unit, the property offers a low cost of entry and compelling fundamentals with a 5.14% CAP rate and 12.90 GRM on in-place income. Off-street parking is available for tenants, a valuable feature in this dense rental corridor.
Centrally located with convenient access to the 91 and 710 freeways, 817 E New York St benefits from North Long Beach’s steady population growth, ongoing infrastructure investment, and strong housing demand.
For investors seeking day-one cash flow with clear upside potential, this is a highly attractive opportunity in one of Long Beach’s most active rental markets.
The unit mix includes (1) 1-bed/1-bath and (3) 2-bed/1-bath units, offering strong rental appeal. Two of the 2-bed/1-bath units (819 & 821) are currently vacant and have been newly renovated—providing an excellent owner-user opportunity or the ability to immediately capture market rents.
At just $312,000 per unit, the property offers a low cost of entry and compelling fundamentals with a 5.14% CAP rate and 12.90 GRM on in-place income. Off-street parking is available for tenants, a valuable feature in this dense rental corridor.
Centrally located with convenient access to the 91 and 710 freeways, 817 E New York St benefits from North Long Beach’s steady population growth, ongoing infrastructure investment, and strong housing demand.
For investors seeking day-one cash flow with clear upside potential, this is a highly attractive opportunity in one of Long Beach’s most active rental markets.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 In Escrow
| Price | $1,721,638 CAD | No. Units | 4 |
| Price Per Unit | $430,409 CAD | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 3,076 SF |
| Cap Rate | 5.14% | No. Stories | 2 |
| Gross Rent Multiplier | 12.9 | Year Built | 1922 |
| Price | $1,721,638 CAD |
| Price Per Unit | $430,409 CAD |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| Gross Rent Multiplier | 12.9 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,076 SF |
| No. Stories | 2 |
| Year Built | 1922 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $2,100 CAD | - |
| 2+1 | 3 | $2,961 CAD | - |
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 7268-008-026 | Improvements Assessment | $199,046 CAD (2025) |
| Land Assessment | $100,255 CAD (2025) | Total Assessment | $299,301 CAD (2025) |
PROPERTY TAXES
Parcel Number
7268-008-026
Land Assessment
$100,255 CAD (2025)
Improvements Assessment
$199,046 CAD (2025)
Total Assessment
$299,301 CAD (2025)
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817 E New York St - 817-823 New York Street, Long Beach
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