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14 Units in Prime Alamitos Beach - 10.5 GRM 1142-1148 E 1st St 14 Unité Immeuble d’appartements 4 883 418 $ CAD (348 816 $ CAD/Unité) 5,80% Taux de capitalisation Long Beach, CA 90802
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Faits saillants de l'investissement
- PRICED TO SELL - 9.3 GRM and 7.0% CAP at market rents.
- Prime Alamitos Beach Location in Long Beach NOT subject to local rent control.
- 8 onsite parking spaces.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
- All Units heavily remodeled - 12 of 14 have W/D included.
- Potential to add 2 ADU's - Buyer to verify.
Résumé de l'annonce
PRICED TO SELL - 9.3 GRM and 7.0% CAP at market rents.
14 units inprime Alamitos Beach in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). Located blocks from the ocean, all units have been tastefully remodeled and 12 of the 14 units feature in unit W/D's. The front building was constructed in 1913 and the rear structure in 1956. All units were updated in 2020 including new kitchen cabinets, counter tops, updated bathrooms and flooring. Many units have private outdoor patios/spaces. The building was also recently painted green.
The property features 5 garages, 1 carport and 2 open parking spaces. The 5 garages in the rear could potentially be converted into 2 new ADU's - Buyer to verify. Currently no tenants pay for parking, it is included as part of their lease. The front building (8 units) is master metered and the rear building (6 units) is separately metered for utilities. The property has an 87 Walkscore as well.
Based on area rental comps, there is approximately 11% rental upside, allowing an owner to achieve a 9.35 GRM and 7.0% CAP once rents are leveled to market.
Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games.
Loan quote provided by David Guevara. Momenta Capital Group. 714.474.1284 dguevara@momentacg.com.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
14 units inprime Alamitos Beach in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). Located blocks from the ocean, all units have been tastefully remodeled and 12 of the 14 units feature in unit W/D's. The front building was constructed in 1913 and the rear structure in 1956. All units were updated in 2020 including new kitchen cabinets, counter tops, updated bathrooms and flooring. Many units have private outdoor patios/spaces. The building was also recently painted green.
The property features 5 garages, 1 carport and 2 open parking spaces. The 5 garages in the rear could potentially be converted into 2 new ADU's - Buyer to verify. Currently no tenants pay for parking, it is included as part of their lease. The front building (8 units) is master metered and the rear building (6 units) is separately metered for utilities. The property has an 87 Walkscore as well.
Based on area rental comps, there is approximately 11% rental upside, allowing an owner to achieve a 9.35 GRM and 7.0% CAP once rents are leveled to market.
Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games.
Loan quote provided by David Guevara. Momenta Capital Group. 714.474.1284 dguevara@momentacg.com.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Bilan financier (Réel - 2025) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
463 749 $
|
51,73 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
463 749 $
|
51,73 $
|
| Revenu net d’exploitation |
-
|
-
|
Bilan financier (Réel - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 463 749 $ |
| Annuel par pi² | 51,73 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 463 749 $ |
| Annuel par pi² | 51,73 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
Faits sur la propriété
| Prix | 4 883 418 $ CAD | Style d’appartement | Jardin |
| Prix par unité | 348 816 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,19 AC |
| Taux de capitalisation | 5,80% | Taille du bâtiment | 8 965 pi² |
| Multiplicateur du loyer brut | 10.5 | Occupation moyenne | 100% |
| Nombre d’unités | 14 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1956/2020 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 0,89/1 000 pi² |
| Zonage | LBR4R | ||
| Prix | 4 883 418 $ CAD |
| Prix par unité | 348 816 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,80% |
| Multiplicateur du loyer brut | 10.5 |
| Nombre d’unités | 14 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 0,19 AC |
| Taille du bâtiment | 8 965 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1956/2020 |
| Ratio de stationnement | 0,89/1 000 pi² |
| Zonage | LBR4R |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 12 | - | 550 |
| 2+2 | 2 | - | 750 |
1 1
Moyennement accessible à pied
60/100
Moyennement adapté aux voitures
70/100
Bons transports en commun
60/100
Exceptionnellement accessible en vélo
90/100
Impôts fonciers
| Numéro de lot | 7265-009-030 | Évaluation des bâtiments | 2 714 033 $ CAD |
| Évaluation du terrain | 4 071 049 $ CAD | Évaluation totale | 6 785 081 $ CAD |
Impôts fonciers
Numéro de lot
7265-009-030
Évaluation du terrain
4 071 049 $ CAD
Évaluation des bâtiments
2 714 033 $ CAD
Évaluation totale
6 785 081 $ CAD
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14 Units in Prime Alamitos Beach - 10.5 GRM | 1142-1148 E 1st St
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