1044 E. Appleton Street,Long Beach, CA 90802
Unit
Price
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Current GRM
Market GRM
1044 E. Appleton Street,Long Beach, CA 90802
Price
Price per SF
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Unit
Current GRM
Market GRM
1044 Appleton Street is an 15-unit investment asset in prime Alamitos Beach. The property is a classic 1920’s landmark building with six 1 BD/1 BA units and nine Studio units.
Six units have been renovated with new flooring, countertops, hardware, window coverings, ceiling fans and LED light fixtures. Exterior and common area renovations include a remodeled laundry room with new machines and new flooring in hallways and staircases. New landscaping includes installation of drought tolerant plants with drip irrigation and lighting.
The on-site laundry facilities and an art studio space provide additional building income.