3710-3750 E Fountain St - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$14,750,000 USD
714-801-0173
3710-3750 E Fountain St, Long Beach, CA for Sale
$14,750,000 USD
Apartments - FOR SALE
1/12
null | 5.19% Cap Rate

3710-3750 E Fountain St
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • First Time on the Market in Over 30 Years
  • East Side Long Beach Location - Walking Distance to Traffic Circle
  • Great Mix of Primarily 1 & 2-Bedroom Units — Over Half Townhome-Style
  • 50% of Units Already Renovated
  • Individually Metered for Gas, Electric & Individual Water Heaters
  • 60 Secured Parking Spaces with Automatic Gate Entry

OVERVIEW

Triqor Group is proud to present 3710, 3734 & 3750 Fountain Street, a rare 50-unit, three-building multifamily property in one of Long Beach’s most sought-after rental submarkets. Built in 1986, the portfolio features a highly desirable mix of primarily one- and two-bedroom units, with over half configured as townhome-style layouts, a premium product type that commands above-market rents and drives strong tenant retention. All units are individually metered for gas and electric with individual water heaters, and owner expenses are limited to water and trash only. The portfolio is offered at a 5.2% cap rate with a clear path to 6.9% as the remaining units are renovated and brought to market rents. With approximately half of all units already renovated and a proven rent premium established, an incoming investor steps into a de-risked value-add opportunity with a clear template, manageable execution, and meaningful upside already in motion. The property’s amenity package further supports premium positioning and tenant retention, highlighted by a gated community with automatic entry, a Jacuzzi/spa, security cameras, 60 secured parking spaces, and an on-site laundry facility, an above-average offering for this price point in the submarket.

FOR SALE DETAILS

PRICE

$14,750,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

50

PRICE/UNIT

$295,000

CAP RATE

5.19%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fountain Creek Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,549 SF

ZONING

RR2N, Long Beach

APN/PARCEL ID

7253-009-011,7253-009-012,7253-009-013

ASK ABOUT THIS PROPERTY

Chris WalkerTriqor GroupMore Info
714-801-0173

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Chris WalkerTriqor GroupMore Info
714-801-0173

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