3622 E 11th St - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,595,000 USD
310-561-4776
3622 E 11th St, Long Beach, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/13
null | 5.6% Cap Rate

3622 E 11th St
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Excellent Eastside location demonstrating consistent rental demand.
  • Only minutes from Cal State Long Beach, Traffic Circle, Wilson High, and Rec Park.
  • Just North of Belmont Heights and only 1 block to the greenbelt.

OVERVIEW

Perfectly located mid-century 6 unit on a full sized lot with 3800 square feet of rentable space. Great unit mix with four 1 bed/1 bath units, one 2 bed/1 bath unit, and one 2 bed/1.5 bath unit including attractive outdoor private spaces. Well priced on actual income at 11.14X GRM. Ample parking including one enclosed garage and 4 surface spaces. Select units have in-unit laundry plus a community laundry room for additional income. 5 out of 6 units recently remodeled and all electrical subpanels recently replaced. Perfect 1031 exchange upleg property.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$420 USD /SF

# OF UNITS

6

PRICE/UNIT

$265,833

CAP RATE

5.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LBR4R

APN/PARCEL ID

7254-012-019

ASK ABOUT THIS PROPERTY

Anthony WalkerBuckingham InvestmentsMore Info
310-561-4776

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Anthony WalkerBuckingham InvestmentsMore Info
310-561-4776

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