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