1980 Harbor Ave - Apartments FOR SALE


Long Beach, CA 90810- Westside Long Beach
$2,495,000 USD
310-988-8361
1980 Harbor Ave, Long Beach, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/17
null | 6.72% Cap Rate

1980 Harbor Ave
Long Beach, CA 90810
Westside Long Beach


HIGHLIGHTS

  • Well Maintained
  • Immediate Rental Upside
  • 6.72% Cap Rate and 9.66 GRM

OVERVIEW

1980 Harbor Avenue is a 10-unit apartment located in Long Beach, operating at a 6.72% Cap and a 9.66 GRM! Built in 1964, the Harbor Ave. apartment is a garden style building surrounding a courtyard. Situated on a 9,350 Sq.Ft lot, the property offers an incredible unit mix of (5) Three-Bedroom/One-Bathroom units and (5) Two-Bedroom/One-Bathroom units. There are a total of (14) parking spaces, with (7) single car Garages on-site and additional room to park another car behind each space. Tenants feature on-site laundry. This building has been well maintained by ownership, and offers immediate rental upside to the new buyer.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

10

PRICE/UNIT

$249,500

CAP RATE

6.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,331 SF

ZONING

R2N, Long Beach

APN/PARCEL ID

7431-022-016

ASK ABOUT THIS PROPERTY

Parker BoehleNorthmarqMore Info
310-988-8361

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Parker BoehleNorthmarqMore Info
310-988-8361

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