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1075 E South St
Long Beach, CA 90805 Bixby Knolls

$4,500,000 USD

Apartments For Sale  •  15,632 SF

Property Details

• Property Type Apartments
• Total Building Size 15,632 SF
• Lot Size 0.29 AC
• Building Class C
• Year Built 1987
• Zoning CNR, Long Beach

40 Transit Score

81 Walk Score

Highlights

1987 Construction

All 2 bedroom unit mix – Units average 868 square feet each – 14) 2 bed/2 bath and 4) 2 bed/1 bath units

Strong in place cashflow – 6.37% cap rate and a 10.01 GRM with current rents

Secure ground level gated parking with 25 spaces, including three storage spaces

Additional 20% upside in rents to market rate

Separately metered for gas and electricity

Amenities

• 24 Hour Access
• Balcony
• Controlled Access
• Laundry Facilities
• Tenant Controlled HVAC
• Kitchen
• Refrigerator
• Range
• Tub/Shower
• Walk-Up
• Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	9 min	-	4.0 mi
Los Angeles International	29 min	-	18.8 mi
John Wayne/Orange County	35 min	-	24.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	25
Type:	Surface
Included in Rent:	Yes