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1377 Warren Ave
Long Beach, CA 90813 Downtown Long Beach

$1,629,000 USD

Apartments For Sale  •  4,994 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,994 SF
  • Lot Size 0.13 AC
  • Building Class C
  • Year Built 1922
  • Cap Rate 7.00 %
  • Zoning LBR2N
58 Transit Score
93 Walk Score

Highlights

PRICED TO SELL. 8.8 GRM AND 7.0% CAP WITH UPSIDE TO A 8.1 GRM AND 7.9% CAP.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Earn over a 12% Cash on Cash Return against in place rents.
All unit interiors updated in 2018.
Modern electrical updated in the last 3 years.
Qualified Buyers can put down as little as 25% on a 5-year loan, fixed at 5.1% Interest Only.

Financial Summary

Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Sue Scully

Public Transportation

Transit/SubwayDriveWalkDistance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 4 min 18 min 0.9 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 8 min - 3.4 mi
John Wayne/Orange County 30 min - 20.6 mi
Los Angeles International 32 min - 21.6 mi
Jon Swire 310-948-2631 The Agency
Jon Swire 310-948-2631 The Agency