801-815 St. Louis Avenue
801-815 St. Louis Avenue, Long Beach, CA 90804
Sale Price
$3,100,000
Investment Overview
Units
10
Year Built
1941
Price Per SF
$457
Price Per Unit
$310,000
Current Cap Rate
3.46%
Market Cap Rate
4.88%
Current GRM
16.98
Market GRM
13.41
The Offering
801-815 St. Louis Avenue is a 10-unit investment asset located in Long Beach, California. This attractive, well-maintained 1940’s bungalow-style property has incredible curb appeal with beautiful tile roofing and lush, classic Southern California landscaping.
The property offers (6) 1 BD/1 BA stand-alone houses and (4) 1 BD/1 BA apartment units. Most units feature well-cared-for original hardwood floors. Onsite laundry facilities as well as (7) private single car garages provide additional income. The property offers secured access with three locked gates.
801-815 St. Louis Avenue provides a new buyer with a highly desirable, well-maintained property that is 100% occupied, including many long-term tenants.
Investment Highlights
- Well-maintained 1940’s bungalow-style property
- Six highly desirable stand-alone houses + four apartment units
- Beautiful tile roofing and lush, classic Southern California landscaping
- 7 private garages and onsite laundry facilities provide additional income
- 100% Occupied / Long-term tenants
- 26% Upside Potential