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3901 E 11th Street

3901 E. 11th Street,Long Beach, CA 90804

7

Unit

$1,950,000

Price

Property Details

Price Per Unit

$278,569

Price per SF

$475

Current Cap Rate

5.45%

Market Cap Rate

6.01%

Current GRM

12.15

Market GRM

11.32

3901 E 11th Street

3901 E. 11th Street,Long Beach, CA 90804

$1,950,000

Price

Property Details

Price per SF

$475

Price Per Unit

$278,569

Price per SF

$475

Current Cap Rate

5.45%

Market Cap Rate

6.01%

Unit

7

Current GRM

12.15

Market GRM

11.32

Description

3901 E. 11th Street is a 7-unit apartment asset built in 1987 located in Long Beach, California. The property is offered at 5.45% cap rate and 12.15 GRM on current rents.
The property is comprised of (6) 1BD / 1BA units and (1) 3BD / 3.5BA unit with ample parking of nine (9) surface spaces.
All units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers.
The property is located in a quiet, residential neighborhood near Belmont Heights.

Highlights

  • Priced at 5.45% Cap Rate on Current Rents
  • 1980’s Construction
  • All Units Fully Renovated with In-Unit Washer/Dryer
  • Attractive Mix of 1BD and 3BD Units
  • Ample Parking with 9 Spaces
  • Quiet, Residential Neighborhood Near Belmont Heights

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