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Apartments For Sale • 6,966 SF
| Turnkey 12-Unit Asset with Immediate Cash Flow: Fully renovated property achieving a strong 7.14% cap rate from day one. |
| Unit Mix: Twelve 1-bed/1-bath units, including four newly completed retail-to-residential conversions and two newly constructed attached ADUs. |
| Extensive Capital Improvements: Upgrades include new electrical and plumbing, dual-pane windows, modern interiors, and individual water heaters |
| Significant Value-Add Potential: A new investor may explore potential to develop eight one-bedroom ADU’s (buyer to verify ADU potential) |
| Prime Location on Atlantic Avenue Corridor: Situated along a key Long Beach redevelopment corridor benefiting from ongoing investment |
| Cap Rate: | 7.14 % |
| Total Expenses: | $78,417 USD |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Allcitee | ||
| Sandy Store |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Long Beach (Daugherty Field) | 11 min | - | 4.8 mi |
| Los Angeles International | 27 min | - | 18.1 mi |
| John Wayne/Orange County | 36 min | - | 25.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 9 |
| Type: | Surface |
| Included in Rent: | Yes |
Steve Bogoyevac
Marcus & Millichap
Steve Bogoyevac
Marcus & Millichap
