1107 Mahanna Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$775,000 USD
949-939-7723
1107 Mahanna Ave, Long Beach, CA for Sale
$775,000 USD
Apartments - FOR SALE
1/15
null | 6.57% Cap Rate

1107 Mahanna Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Property is found in the highly desirable rental market of Long Beach, CA
  • Proximity to Downtown Long Beach (2.0 Miles) and the California coastline (1.5 Miles)
  • Value-Add Potential; Upside in Rental Income
  • Unit Mix Consists of (1) 2BD/1BA and (2) 1BD/1BA units
  • Residential Financing Available for 1-4 unit properties
  • Potential "House-Hack" investment; Live in one unit and rent out the others

OVERVIEW

The Swanson Apartment Team is thrilled to announce our newest listing in the heart of one of Southern California's premier rental markets in Long Beach, CA. This asset presents an opportunity for both new and experienced investors alike due to the low price point and value-add potential. Select units have Washer/Dryer Hookups, and the property features single-story construction throughout. Additionally, there currently are two (2) vacant units (both 1BD), allowing for immediate rental upside. A new investor can also take advantage of residential financing programs available for 1-4 unit properties.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$457 USD /SF

# OF UNITS

3

PRICE/UNIT

$258,333

CAP RATE

6.57%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1919

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

LBR2N

APN/PARCEL ID

7267-003-021

ASK ABOUT THIS PROPERTY

Liam SkellyStream Realty Partners, LPMore Info
949-939-7723

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Liam SkellyStream Realty Partners, LPMore Info
949-939-7723

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.