817 E New York St - Multi-Family FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,250,000 USD
310-780-1899
817 E New York St, Long Beach, CA for Sale
$1,250,000 USD
Multi-Family - FOR SALE
1/46
null | 5.14% Cap Rate

817 E New York St
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • (3) Buildings:| Lot Size: 6,802 SF | RSF: 3,076 SF
  • Unit Mix: (1) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, (1) 2-Bed/1-Bath House
  • Great Owner-User Opportunity: (2) 2-Bed/1-Bath Units (819 & 821) are Currently Vacant & Newly Renovated
  • Strong In-Place Income – 5.14% CAP | 12.90 GRM
  • Low Cost Per Unit: $312K/Unit
  • Prime North Long Beach Location Near 91 & 710 Freeways

OVERVIEW

817 E New York St presents a rare opportunity to acquire a 4-unit multifamily property in prime North Long Beach. Built in 1922, the asset consists of three separate buildings totaling 3,076 rentable square feet on a 6,802 square foot lot. The unit mix includes (1) 1-bed/1-bath and (3) 2-bed/1-bath units, offering strong rental appeal. Two of the 2-bed/1-bath units (819 & 821) are currently vacant and have been newly renovated—providing an excellent owner-user opportunity or the ability to immediately capture market rents. At just $312,000 per unit, the property offers a low cost of entry and compelling fundamentals with a 5.14% CAP rate and 12.90 GRM on in-place income. Off-street parking is available for tenants, a valuable feature in this dense rental corridor. Centrally located with convenient access to the 91 and 710 freeways, 817 E New York St benefits from North Long Beach’s steady population growth, ongoing infrastructure investment, and strong housing demand. For investors seeking day-one cash flow with clear upside potential, this is a highly attractive opportunity in one of Long Beach’s most active rental markets.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

5.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units in North Long Beach

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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