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Fairmont Apartments 444 Chestnut Ave 19 Unité Immeuble d’appartements 5 095 373 $ CAD (268 178 $ CAD/Unité) 6,40% Taux de capitalisation Long Beach, CA 90802
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Priced to sell - 9.5 GRM and 6.4% CAP. EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
- EMAIL LISTING AGENT FOR RENT ROLL AND OM.
- Excellent location just blocks from Downtown Long Beach with over $8BB of redevelopment.
- Qualified Buyers can put down as little as 25%.
- All units were completely redone in 2018/2019 and are beautifully remodeled. Update Electrical.
Résumé de l'annonce
Priced to sell - 9.5 GRM and 6.4% CAP. EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
19 units located blocks from Downtown Long Beach in the Historic District. All units were completely redone in 2018/2019 and are beautifully remodeled. The interior hallways were redone as well and the Seller spent over $400K on CAP EX. New Water Heater in 2023 and over 100 feet of sewer line replaced. No work remains to be done. The building is a two-story walkup with no onsite parking, however, there are parking structures within blocks that tenants can rent from. The building also features onsite laundry in the basement.
The building offers and excellent unit mix of Studio, 1 and 2 bed units. The property is Professionally Managed and very well maintained and features onsite laundry. It features a Walk score of 95 and is located just blocks from the bars and restaurants in Downtown Long Beach on Pine Ave. The building is master-metered for all utilities and a new owner could implement a RUBS program increasing the returns.
Downtown Long Beach is in the middle of an $8BB Redevelopment with brand new Class A apartments and retail being developed within blocks of this location.
Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more - Riley Laines - rlaines@momentacg.com -714.916.2810.
EMAIL LISTING AGENT FOR RENT ROLL AND OM.
19 units located blocks from Downtown Long Beach in the Historic District. All units were completely redone in 2018/2019 and are beautifully remodeled. The interior hallways were redone as well and the Seller spent over $400K on CAP EX. New Water Heater in 2023 and over 100 feet of sewer line replaced. No work remains to be done. The building is a two-story walkup with no onsite parking, however, there are parking structures within blocks that tenants can rent from. The building also features onsite laundry in the basement.
The building offers and excellent unit mix of Studio, 1 and 2 bed units. The property is Professionally Managed and very well maintained and features onsite laundry. It features a Walk score of 95 and is located just blocks from the bars and restaurants in Downtown Long Beach on Pine Ave. The building is master-metered for all utilities and a new owner could implement a RUBS program increasing the returns.
Downtown Long Beach is in the middle of an $8BB Redevelopment with brand new Class A apartments and retail being developed within blocks of this location.
Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more - Riley Laines - rlaines@momentacg.com -714.916.2810.
EMAIL LISTING AGENT FOR RENT ROLL AND OM.
Bilan financier (Réel - 2025) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
534 470 $
|
44,81 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
534 470 $
|
44,81 $
|
| Revenu net d’exploitation |
-
|
-
|
Bilan financier (Réel - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 534 470 $ |
| Annuel par pi² | 44,81 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 534 470 $ |
| Annuel par pi² | 44,81 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
Faits sur la propriété
| Prix | 5 095 373 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 268 178 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,18 AC |
| Taux de capitalisation | 6,40% | Taille du bâtiment | 11 928 pi² |
| Multiplicateur du loyer brut | 9.5 | Occupation moyenne | 100% |
| Nombre d’unités | 19 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1927/2020 |
| Sous-type de propriété | Appartement | ||
| Zonage | LBR4N | ||
| Prix | 5 095 373 $ CAD |
| Prix par unité | 268 178 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,40% |
| Multiplicateur du loyer brut | 9.5 |
| Nombre d’unités | 19 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,18 AC |
| Taille du bâtiment | 11 928 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1927/2020 |
| Zonage | LBR4N |
Commodités
Commodités des unités
- Climatisation
- Chauffage
- Cuisine
- Réfrigérateur
- Fourchette
- Bain/Douche
Commodités du site
- Sans ascenseur
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 11 | - | 550 |
| 1+1 | 7 | - | 700 |
| 2+1 | 1 | - | 1 000 |
1 1
Moyennement praticable à pied
70/100
Moyennement facile d’accès en voiture
70/100
Transports en commun robustes
80/100
Moyennement praticable en vélo
70/100
Impôts fonciers
| Numéro de lot | 7280-011-008 | Évaluation des bâtiments | 2 191 177 $ CAD |
| Évaluation du terrain | 3 944 118 $ CAD | Évaluation totale | 6 135 295 $ CAD |
Impôts fonciers
Numéro de lot
7280-011-008
Évaluation du terrain
3 944 118 $ CAD
Évaluation des bâtiments
2 191 177 $ CAD
Évaluation totale
6 135 295 $ CAD
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Présenté par
Fairmont Apartments | 444 Chestnut Ave
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