Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav

420 Almond Avenue

420 Almond Avenue,Long Beach, CA 90802

9

Unit

$2,450,000

Price

Property Details

Price Per Unit

$272,222

Price per SF

$454

Current Cap Rate

5.60%

Market Cap Rate

6.57%

Current GRM

11.94

Market GRM

10.60

420 Almond Avenue

420 Almond Avenue,Long Beach, CA 90802

$2,450,000

Price

Property Details

Price per SF

$454

Price Per Unit

$272,222

Price per SF

$454

Current Cap Rate

5.60%

Market Cap Rate

6.57%

Unit

9

Current GRM

11.94

Market GRM

10.60

Description

420 Almond Avenue is a 9-unit apartment asset located in Long Beach, California. The property is offered at 11.94 GRM and 5.60% cap rate on current rents.
The property is comprised of (7) 1BD / 1BA units and (2) 2BD / 2BA units. Six (6) garages offer the potential for ADU conversion.
Eight of the nine 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 withing walking distance to popular 4th Street/Retro Row shopping and dining amenities.

Highlights

  • Priced at 11.94 GRM on Current Rents
  • 8 of 9 Units Fully Renovated with In-Unit Washer/Dryer
  • Attractive Mix of 1BD and 2BD Units
  • 6 Garages Offer Potential for ADU Conversion
  • Walking Distance to Retro Row

Map

Request More Info





    Terms of Use & Privacy Policy