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1152 E 1st St 31 Unité Immeuble d’appartements 9 847 593 $ CAD (317 664 $ CAD/Unité) 6,10% Taux de capitalisation Long Beach, CA 90802
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- PRICED TO SELL - 9.3 GRM and 7.4% CAP at market rents.
- 16 Onsite Parking Spaces.
- Excellent Bank Financing Available - 5.4% Fixed for 5 Years for Qualified Buyers.
- Heavy Rehab - Over $2MM in CAP EX Spent - 25 units taken down to the studs
- Prime Alamitos Beach location - blocks to the ocean.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Résumé de l'annonce
PRICED TO SELL - 9.3 GRM and 7.4% CAP at market rents.
30 units in Prime 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 with 16 onsite underground parking spaces (all are single spaces). 25 units were updated in the past 5 years and taken down to the studs - all new kitchen cabinets, counter tops, updated bathrooms, flooring and windows. The common areas and exterior were also redone. The Seller has spent over $2MM in CAP EX.
The property features 30 legal units and 1 non-conforming 1 bed unit (401). The non-conforming unit can likely be legalized under the Long Beach Amnesty Program - Buyer to verify. The property has an 87 Walkscore. It has a 200 AMP main panel and 50 AMP subpanels - Buyer to verify. There is onsite laundry in the basement and 6 units have W/D in them as well.
Based on area rental comps, there is approximately 14% rental upside, allowing an owner to achieve a 9.35 GRM and 7.4% CAP once rents are leveled to market.
Excellent lender financing is available for qualified Buyers- 5.4% 5-year fixed debt with 30% down. Loan quote provided by David Guevara. Momenta Capital Group. 714.474.1284 dguevara@momentacg.com
Earn over an 7.5% Cash on Cash Return against in place rents with upside to a 11%+ return at 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.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
30 units in Prime 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 with 16 onsite underground parking spaces (all are single spaces). 25 units were updated in the past 5 years and taken down to the studs - all new kitchen cabinets, counter tops, updated bathrooms, flooring and windows. The common areas and exterior were also redone. The Seller has spent over $2MM in CAP EX.
The property features 30 legal units and 1 non-conforming 1 bed unit (401). The non-conforming unit can likely be legalized under the Long Beach Amnesty Program - Buyer to verify. The property has an 87 Walkscore. It has a 200 AMP main panel and 50 AMP subpanels - Buyer to verify. There is onsite laundry in the basement and 6 units have W/D in them as well.
Based on area rental comps, there is approximately 14% rental upside, allowing an owner to achieve a 9.35 GRM and 7.4% CAP once rents are leveled to market.
Excellent lender financing is available for qualified Buyers- 5.4% 5-year fixed debt with 30% down. Loan quote provided by David Guevara. Momenta Capital Group. 714.474.1284 dguevara@momentacg.com
Earn over an 7.5% Cash on Cash Return against in place rents with upside to a 11%+ return at 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.
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 |
932 841 $
|
46,25 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
932 841 $
|
46,25 $
|
| Revenu net d’exploitation |
-
|
-
|
Bilan financier (Réel - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 932 841 $ |
| Annuel par pi² | 46,25 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 932 841 $ |
| Annuel par pi² | 46,25 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
Faits sur la propriété
| Prix | 9 847 593 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 317 664 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,19 AC |
| Taux de capitalisation | 6,10% | Taille du bâtiment | 20 168 pi² |
| Multiplicateur du loyer brut | 10.6 | Nombre d’étages | 3 |
| Nombre d’unités | 31 | Année de construction/rénovation | 1929/2021 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 0,79/1 000 pi² |
| Sous-type de propriété | Appartement | ||
| Zonage | LBR4R | ||
| Prix | 9 847 593 $ CAD |
| Prix par unité | 317 664 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,10% |
| Multiplicateur du loyer brut | 10.6 |
| Nombre d’unités | 31 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,19 AC |
| Taille du bâtiment | 20 168 pi² |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1929/2021 |
| Ratio de stationnement | 0,79/1 000 pi² |
| Zonage | LBR4R |
Commodités
Commodités du site
- Installations de lessive
- Clôturé
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 22 | - | 300 - 500 |
| 1+1 | 9 | - | 450 - 600 |
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 | 7265-009-031 | Évaluation des bâtiments | 3 650 677 $ CAD |
| Évaluation du terrain | 6 763 831 $ CAD | Évaluation totale | 10 414 508 $ CAD |
Impôts fonciers
Numéro de lot
7265-009-031
Évaluation du terrain
6 763 831 $ CAD
Évaluation des bâtiments
3 650 677 $ CAD
Évaluation totale
10 414 508 $ CAD
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1152 E 1st St
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