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623 E Broadway
Long Beach, CA 90802 Downtown Long Beach

Price Upon Request

Apartments For Sale  •  6,020 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,020 SF
  • Lot Size 0.08 AC
  • Building Class C
  • Year Built 1923
  • Zoning PD30, Long Beach
73 Transit Score
98 Walk Score

Highlights

12-Unit Building | 5,020 SF Total on a 3,308 SF Lot | $299/SF
High Cap Rate & Attractive Cost Per Door | $125K/Unit | 6.92% Current CAP | 8.50 Current GRM
12 Studio Units
Great Market Returns: 11.74% Market CAP | 5.94 Market GRM
Attractive Cost Per Door: $125K/Unit
Highly Walkable Location — Steps from the East Village Arts District, Alamitos Beach, Long Beach Convention Center, and Major Transit Lines

Public Transportation

Transit/SubwayDriveWalkDistance
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 7 min 0.4 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 11 min 0.6 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 12 min 0.6 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 14 min 0.7 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 11 min - 4.7 mi
John Wayne/Orange County 33 min - 21.1 mi
Los Angeles International 34 min - 22.9 mi