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5901 E Ocean Blvd 16 Unité Immeuble d’appartements 8 340 103 $ CAD (521 256 $ CAD/Unité) 4,60% Taux de capitalisation Long Beach, CA 90803



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Faits saillants de l'investissement
- True Pride of Ownership Legacy Asset: Built in 1923 & 1948
- Amenities That All Tenants Value: Synergized Outdoor Space, Private Laundry Room, and Private Parking
- Ability to Add Two Additional ADU Units to Increase Value for a New Investor
- Two Contiguous Parcels on Three Lots Operating as One Property (11 Units and 4+1 Units), Providing Flexible Entry and Exit Strategies
- Located in Close Proximity to 2nd & PCH, Belmont Shore, and Seal Beach Main Street
Résumé de l'annonce
Marcus & Millichap is pleased to present a 16-unit multifamily property located on the Peninsula in Long Beach, CA 90803. Built in 1923 & 1948, the subject property
consists of 6,748 rentable square feet spread throughout a 7,119 square foot lot. The building consists of six 1-bedroom / 1 bathroom units, one 1-bedroom / 1-bathroom
unit, three loft studios, five studios, and one bachelor unit. It contains six garages providing essential parking and flexible future income / ADU opportunities.
The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. There has been over $2B invested in real estate transactions
and new development projects since 2013. There are 3,997 residential units in the development pipeline. Notable completed projects near the subject property include
the Shoreline Gateway at 777 E. Ocean Blvd. which is 35 stories high with 315 residential units and 6,700 sq. ft. of restaurant and retail space, the Ocean View Tower at
200 W. Ocean Blvd has 142 units with 4,100 sq. ft. of commercial space, and Volta on Pine at 635 Pine Ave. has 271 units with 1,302 sq. ft. of retail and commercial space.
Currently under construction is the renovation at the Breakers Hotel at 210 E. Ocean Blvd, Broadway Block at 330 & 333 E. Broadway which is 432 units and over 17,793
sq. ft. of retail space, Aster at 250 E. Broadway with 218 units and 7,300 sq. ft. of commercial space, as well as the Broadstone Promenade which is 189 units with ground
floor retail space as well. The Long Beach port has been undergoing $4.4 billion in redevelopment that will create 14,000 new and permanent jobs in Southern
California.
Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a high demand
rental market with strong in place income in one of the best neighborhoods of Long Beach
consists of 6,748 rentable square feet spread throughout a 7,119 square foot lot. The building consists of six 1-bedroom / 1 bathroom units, one 1-bedroom / 1-bathroom
unit, three loft studios, five studios, and one bachelor unit. It contains six garages providing essential parking and flexible future income / ADU opportunities.
The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. There has been over $2B invested in real estate transactions
and new development projects since 2013. There are 3,997 residential units in the development pipeline. Notable completed projects near the subject property include
the Shoreline Gateway at 777 E. Ocean Blvd. which is 35 stories high with 315 residential units and 6,700 sq. ft. of restaurant and retail space, the Ocean View Tower at
200 W. Ocean Blvd has 142 units with 4,100 sq. ft. of commercial space, and Volta on Pine at 635 Pine Ave. has 271 units with 1,302 sq. ft. of retail and commercial space.
Currently under construction is the renovation at the Breakers Hotel at 210 E. Ocean Blvd, Broadway Block at 330 & 333 E. Broadway which is 432 units and over 17,793
sq. ft. of retail space, Aster at 250 E. Broadway with 218 units and 7,300 sq. ft. of commercial space, as well as the Broadstone Promenade which is 189 units with ground
floor retail space as well. The Long Beach port has been undergoing $4.4 billion in redevelopment that will create 14,000 new and permanent jobs in Southern
California.
Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a high demand
rental market with strong in place income in one of the best neighborhoods of Long Beach
Faits sur la propriété
| Prix | 8 340 103 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 521 256 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,10 AC |
| Taux de capitalisation | 4,60% | Taille du bâtiment | 6 697 pi² |
| Nombre d’unités | 16 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1948 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 0,25/1 000 pi² |
| Zonage | RR2I, Long Beach - Résidentiel | ||
| Prix | 8 340 103 $ CAD |
| Prix par unité | 521 256 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 4,60% |
| Nombre d’unités | 16 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,10 AC |
| Taille du bâtiment | 6 697 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1948 |
| Ratio de stationnement | 0,25/1 000 pi² |
| Zonage | RR2I, Long Beach - Résidentiel |
Commodités
Commodités des unités
- Climatisation
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Fourchette
- Bain/Douche
Commodités du site
- Accès 24 heures
- CVCA contrôlé par le locataire
- Transport en commun
- Sans ascenseur
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Impôts fonciers
| Numéro de lot | 7245-019-030 | Évaluation des bâtiments | 462 293 $ CAD |
| Évaluation du terrain | 1 082 219 $ CAD | Évaluation totale | 1 544 512 $ CAD |
Impôts fonciers
Numéro de lot
7245-019-030
Évaluation du terrain
1 082 219 $ CAD
Évaluation des bâtiments
462 293 $ CAD
Évaluation totale
1 544 512 $ CAD
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5901 E Ocean Blvd
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