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1119 Saint Louis Avenue

,,

10

Unit

$1,650,000

Price

Property Details

Price Per Unit

$164,999

Price per SF

$422

Current Cap Rate

5.88%

Market Cap Rate

6.81%

Current GRM

9.66

Market GRM

8.80

1119 Saint Louis Avenue

,,

$1,650,000

Price

Property Details

Price per SF

$422

Price Per Unit

$164,999

Price per SF

$422

Current Cap Rate

5.88%

Market Cap Rate

6.81%

Unit

10

Current GRM

9.66

Market GRM

8.80

Description

1119 St. Louis Avenue is a 10-unit apartment asset in Long Beach, California.
The property is offered at only $165,000 per unit with 9.66 GRM on current rents.
The property is comprised of 10 bungalow-style studio units in a secured access building.
Seven units have been remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features, and in-unit washers and dryers.
New windows have been installed throughout most units.

Highlights

  • Priced at 9.66 GRM on Current Rents
  • Only $165,000 per Unit
  • Select Units Renovated w/ In-Unit Washer/Dryers
  • New Windows Throughout Most Units
  • Secured Access Building
  • Attractive Bungalow-Style Units

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