1513 E Broadway - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,395,000 USD
650-549-4849
1513 E Broadway, Long Beach, CA for Sale
$1,395,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

1513 E Broadway
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Seller Financing Available!
  • 5 units in Long Beach’s desirable Alamitos Beach neighborhood
  • Desirable unit mix of (1) 2-bed 2-bath and (4) 1-bed 1-bath
  • Tenants enjoy walkable coastal living, steps from the ocean, Bixby Park, Retro Row, etc.
  • Convenient access to Downtown Long Beach and major employment centers
  • (2) 1-bedroom 1-bath units can be delivered vacant

OVERVIEW

Seller Financing Available! Steps to the Ocean! Rare opportunity to acquire a coastal 5-unit property in Long Beach’s highly desirable Alamitos Beach neighborhood. With seller financing available, investors may be able to acquire the property with approximately $400,000 down, offering attractive leverage in a strong rental market. 1513 E Broadway features a desirable unit mix of (1) 2-bedroom, 2-bath and (4) 1-bedroom, 1-bath units, with walkable coastal living just steps from the ocean. Tenants enjoy proximity to Bixby Park, Retro Row, Belmont Shore, and the vibrant Broadway corridor with popular dining, coffee shops, and boutiques. Convenient access to Downtown Long Beach and major employment centers further enhances long-term investment appeal. Offered at 11.7 GRM and 5.1% Cap Rate, this is an attractive coastal investment opportunity.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$524 USD /SF

# OF UNITS

5

PRICE/UNIT

$279,000

CAP RATE

Request Cap Rate

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seller Financing Available

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

-

APN/PARCEL ID

7275-012-040

ASK ABOUT THIS PROPERTY

Chris CrosbyBuckingham InvestmentsMore Info
650-549-4849

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Chris CrosbyBuckingham InvestmentsMore Info
650-549-4849

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