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1128 St. Louis Avenue

1128 St. Louis Avenue,Long Beach, CA 90804

3

Unit

$875,000

Price

Property Details

Price Per Unit

$291,667

Price per SF

$397

Current Cap Rate

4.10%

Market Cap Rate

6.12%

Current GRM

14.02

Market GRM

10.72

1128 St. Louis Avenue

1128 St. Louis Avenue,Long Beach, CA 90804

$875,000

Price

Property Details

Price per SF

$397

Price Per Unit

$291,667

Price per SF

$397

Current Cap Rate

4.10%

Market Cap Rate

6.12%

Unit

3

Current GRM

14.02

Market GRM

10.72

Description

1128 St. Louis Avenue is a 3-unit apartment asset in Eastside Long Beach.
Built in 1922, the property features (2) 3BD/1BA units and (1) 1BD/1BA unit in a secured access building with ample parking on a 6,503-square-foot lot.
The asset offers significant upside in rental income of ±31%.

Highlights

  • ±31% Upside in Rental Income
  • Ample Parking
  • Secured Access Building
  • Desirable Eastside Location – 89 Walk Score

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